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South Koreas information and communication technology (ICT) exports saw their largest year-on-year increase in April, driven by strong overseas demand for chips and other products related to the artificial intelligence (AI) ecosystem, data released on Thursday showed. According to statistics from the Ministry of Science and ICT, ICT exports rose 125.9% year-on-year to $42.7 billion in April. The ministry added that this was the largest year-on-year increase in percentage terms since data collection began, and the second largest export value. By product category, semiconductor exports grew by 173.3% to $31.9 billion during the period, driven by excess demand for memory chips fueled by continued investment in the AI field. Exports of computers and related accessories surged 430% to $4.3 billion, driven by demand for solid-state drives (SSDs), a key infrastructure in the AI supply chain.Piper Jaffray: Raises its target price for Cisco (CSCO.O) from $86 to $132.Alibabas enterprise-level agent platform "Wukong" has recently begun to scale up its deployment.On May 14, Xi Jinping stated that the common interests between China and the United States outweigh their differences, that the success of each country is an opportunity for the other, and that a stable China-US relationship is beneficial to the world.On May 14, President Xi Jinping held talks with US President Donald Trump at the Great Hall of the People in Beijing. Xi Jinping pointed out that the world is undergoing rapid changes, with a complex and volatile international landscape, and the world has reached a new crossroads. Can China and the US overcome the "Thucydides Trap" and create a new paradigm for major-country relations? Can they work together to address global challenges and inject more stability into the world? Can they focus on the well-being of their people and the future of humanity to jointly create a bright future for bilateral relations? These are questions of history, questions of the world, and questions of the people; they are also answers that leaders of major powers need to jointly write for our times.

A RETURN OF DOGE TO $0.10 WOULD SIGNAL A RETURN TO $0.12

Alina Haynes

Nov 09, 2022 17:52

 截屏2022-11-09 下午5.38.19.png

 

Dogecoin (DOGE) and shiba inu coin (SHIB) both experienced significant losses on Tuesday, with DOGE falling for the fourth straight session. With the demise of FTX and the SEC's victory in its case against LBRY, Twitter (TWTR) headlines took a backseat. The technical indicators became bearish, with DOGE and SHIB below their 200-day exponential moving averages (EMAs).

 

On Tuesday, dogecoin (DOGE) fell 20.68 percent. Following a drop of 3.07% on Monday, DOGE closed the day at $0.08822. Notably, DOGE closed below $0.10 for the first time in eleven sessions and extended its losing skid to four sessions.

 

After a bearish morning, DOGE reached a high of $0.1130 in the late afternoon. DOGE reached a late low of $0.07704 after failing to surpass the First Major Resistance Level (R1) at $0.1178. DOGE fell below the Day's Major Support Levels due to the prolonged sell-off. The Third Major Support Level (S3) at $0.08840 restrained DOGE late in the session.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, Shiba inu coin (SHIB) fell by 13.90%. Following a loss of 0.34% on Monday, SHIB's closing price was $0.00001016.

 

SHIB reached a morning high of $0.00001189 despite a shaky start to the day. SHIB fell to a late-afternoon low of $0.000000923 after failing to surpass the First Major Resistance Level (R1) at $0.00001211. SHIB dropped below the day's Major Support Levels to less than $0.000010 before staging a partial rebound to close at $0.00001016.

 

As investors coped with the news of an FTX liquidity shortage, sentiment toward Twitter (TWTR) and Elon Musk took a back seat. FTX Token (FTT) sank to its lowest point since April 2020 before closing the day 75% down. The news that Binance planned to acquire FTX was somewhat reassuring, but it failed to restore market order.

 

Fears of contagion and the escalating danger of regulatory action have put DOGE and SHIB in the red. This morning, market conditions did not improve as investors awaited the initial effects of FTT's demise. However, it may take some time for investors to fully comprehend the effects of the FTT fall.

 

DOGE was down 1.05% at $0.08730 at the time of writing. The DOGE price rose to a day's high of $0.08983 before falling to a day's low of $0.08147.


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