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On January 14th, the Hang Seng Index opened more than 100 points higher, briefly dipped, then regained its upward momentum, strongly breaking through the 27,000 mark. Strong performance from tech stocks, led by AI applications, propelled the Hang Seng Tech Index higher, outperforming the broader market, rising over 1.5% before midday. At midday close, the Hang Seng Index closed up 0.92% at 27,094.31 points, while the Tech Index closed up 1.54% at 5,960.07 points. Total turnover for the Hang Seng Index reached HK$162.674 billion. On the sector front, tech stocks, led by AI applications, collectively strengthened, with Alibaba-related stocks performing particularly well. Consumer stocks and battery stocks led the gains, while insurance and power stocks were among the biggest losers. In terms of individual stocks, Alibaba (09988.HK) closed up 5.25% in the morning session, and Alibaba Health (00241.HK) closed up 15.9%; Q Technology (01478.HK) closed up 13.5%, with the company expecting its consolidated profit for 2025 to increase by approximately 400% to 450% year-on-year; Nongfu Spring (09633.HK) closed up 6.13%, while China Taiping (00966.HK) closed down 2.13%.The National Bank of Kazakhstan reported that net gold and foreign exchange reserves in December totaled $63.447 billion (a 6.3% increase month-on-month).On January 14th, it was learned from the China Development Bank (CDB) that in 2025, CDB will provide over RMB 290 billion equivalent in funding to support high-quality Belt and Road Initiative cooperation. Deepening multilateral and bilateral financial cooperation, CDB announced in November 2025 the establishment of a RMB 30 billion special loan program for China-Europe freight trains, focusing on supporting the construction of China-Europe freight train corridors, ports, hubs, supporting facilities, and related enterprise operations. CDBs subsidiary, the China-Africa Development Fund, has increased its direct investment support for projects with high development potential, strong driving force, and good comprehensive effects. In 2025, it made an additional RMB 8.39 billion equivalent in investment in Africa, driving domestic enterprises to invest RMB 20.39 billion equivalent in Africa, both record highs, primarily supporting infrastructure and industrial cooperation.The most active Japanese rubber futures contract rose 2.00% on the day, currently trading at 356.40 yen per kilogram.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that my countrys goods trade has been continuously optimized and upgraded. Over the past five years, the import and export of high-tech products has grown at an average annual rate of 7.9%, with the year-on-year growth rate further accelerating to 11.4% in 2025, contributing nearly 60% to the overall foreign trade growth. The export scale of the "new three" products—electric vehicles, photovoltaic products, and lithium batteries—is expected to reach nearly 1.3 trillion yuan in 2025, a 3.5-fold increase compared to 2020. New business formats and models are flourishing. According to preliminary statistics from customs, my countrys cross-border e-commerce imports and exports are expected to reach 2.75 trillion yuan in 2025, a 69.7% increase compared to 2020.

European Open: Commodity currencies track futures markets lower

Skylar Shaw

Apr 08, 2022 11:37

The ASX 200 index in Australia is presently trading at 7,444.70, down -45.4 points (-0.61%).


The Nikkei 225 index in Japan has dropped -448.64 points (1.64%) and now trades at 26,901.66.


The Hang Seng index in Hong Kong has dropped -289.22 points (1.31%) and is now trading at 21,791.30.


China's A50 Index is presently trading at 13,868.31, down -99.87 points (-0.71%).

The United Kingdom and Europe:


The FTSE 100 futures in the United Kingdom are now down -4 points (-0.05 percent), with the cash market expected to open at 7,583.70.


Futures on the Euro STOXX 50 are now down -6 points (-0.16%), with the cash market expected to open at 3,818.69.


The DAX futures in Germany are now down -37 points (-0.26%), with the cash market expected to open at 14,114.69.


For the second day, Asian markets were pulled down by the FOMC-induced selloff on Wall Street, with the Nikkei leading the way down and plummeting to a near 3-week low. All of the key Asian benchmarks we follow were in the red, and futures suggest another dismal start.


Market Internals (FTSE)


Our research did not fare well in yesterday's price movement. All of Tuesday's gains were reversed as prices pulled back to (and fell under) the 7575 support level. Nonetheless, it maintained above Tuesday's low and recouped around two-thirds of the day's losses, forming a hammer candle at the closing. A break of the low confirms the formation as a 1-bar bearish reversal (hanging man), whilst a break of the high confirms the formation as a bullish hammer.


  • Futures in the United States: The DJI futures are now down -148 points (-0.43 percent )

  • Futures on the S&P 500 are now down -53.5 points (-0.37 percent )

  • Futures for the Nasdaq 100 are now down -18.25 points (-0.41 percent )

  • 4249.45 on the FTSE 350 index (-0.34 percent ) 6th of April, 2022

  • 265 (75.50 percent) stocks rose, while 81 (23.08 percent) fell.


Eight stocks sank to new 52-week lows, while 22 advanced to new highs.


Over the last 200 days, 34.47 percent of equities have closed above their 200-day average.


A total of 56.98 percent of stocks finished higher than their 50-day average.


7.69% of stocks ended higher than their 20-day average.


Premier Foods PLC (PFD.L) outperformed by 5.96 percent, Syncona Ltd (SYNCS.L) by 5.64 percent, and Indivior PLC by 4.02 percent (INDV.L)


Capricorn Energy PLC is a -8.57 percent underperformer (CNE.L)


Aston Martin -7.54 percent 888 Holdings PLC (AML.L) -7.51 percent Lagonda Global Holdings PLC (AML.L) -7.51 percent (888.L)


The Fed's weight continues to bear down on commodity currencies.


At the moment, we appear to be witnessing a lot of countertrend movements in the currency markets. Commodity FX has continued to retreat from highs as it becomes clear that the RBA and RBNZ are following the Fed's hawkish path, with the AUD and NZD among the weakest majors today.


AUD/USD has reversed all of this week's gains and is on the verge of forming a bearish pinbar at present levels. The week's high failed to break through the upper Keltner channel, and a quick look at lower timeframe momentum implies the week might be closed at present levels. But it doesn't rule out the possibility of a rally ahead of a lower-level breach.

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