EUR/USD 1.16582
-0.069%
Gold 4581.80
-0.337%
Oil 59.501
-0.243%
USD/JPY 158.479
0.204%
GBP/USD 1.34704
0.038%
GBP/JPY 213.485
0.249%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hang Seng Index continued to strengthen in early trading, breaking through the 27,000 mark for the first time since November 2025, and is currently up 1.77%.Hong Kong tech stocks performed strongly in early trading, with Alibaba (09988.HK) rising over 4%, JD.com (09618.HK) rising over 2%, and Bilibili (09626.HK) and Kuaishou (01024.HK) following suit.WuXi AppTec shares rose in both A-shares and H-shares in early trading, with A-shares up over 4% and H-shares up over 6%. The news comes after WuXi AppTec (02359.HK) issued a profit warning, projecting net profit attributable to shareholders of approximately RMB 19.151 billion in 2025, representing a year-on-year increase of approximately 102.65%.On January 13th, UBS CEO Benjamin Anscher stated that the proposed banking regulatory reforms in Switzerland "have gone too far," and the bank needs a competitive regulatory framework to achieve growth. In a television interview on Tuesday, Anscher said, "This has evolved into a political process, and we hope to see clearer progress in the second half of the year." Regarding the situation in Switzerland, Anscher said he couldnt be sure a solution satisfactory to UBS would be reached, but was "gratified to see the political interest in understanding the details of the reforms." The banks management is trying to persuade the Swiss government to downplay the proposed regulatory reforms, which could subject UBS to up to $26 billion in additional capital requirements. Since last year, UBS has been exploring solutions to the Swiss capital requirements and reportedly discussed the possibility of relocating its headquarters with US Treasury Secretary Bessenter.Hong Kong-listed new energy vehicle stocks collectively rallied, with XPeng Motors (09868.HK) rising over 4%, BYD (01211.HK) gaining over 3%, and Li Auto (02015.HK) and Leapmotor (09863.HK) following suit. This rally was fueled by news that the European Union will release guidance on submitting price undertaking applications.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

微信截图_20230119173839.png

S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

Suggestion