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On July 30th, China Securities Index Co., Ltd. announced that it will officially launch the CSI Hong Kong Stock Connect Semiconductor Industry Index, CSI Hong Kong Semiconductor Industry Index, CSI Hong Kong Stock Connect New Energy Index, and CSI Hong Kong New Energy Index on July 31, 2026, providing the market with a wider range of investment targets. The CSI Hong Kong Stock Connect Semiconductor Industry Index and the CSI Hong Kong Semiconductor Industry Index will each select 30 listed companies with businesses related to the semiconductor industry from the Hong Kong Stock Connect and Hong Kong stock markets, respectively, to reflect the overall performance of these listed companies. Similarly, the CSI Hong Kong Stock Connect New Energy Index and the CSI Hong Kong New Energy Index will each select 30 listed companies with businesses related to upstream resources, production, storage, and applications of new energy from the Hong Kong Stock Connect and Hong Kong stock markets, respectively, to reflect the overall performance of these listed companies.Market news: Sources say shipping data shows that an oil tanker that was originally scheduled to load cargo at CPC terminal is now sailing away from the Black Sea.July 30th - Preliminary data released by Italy on Thursday showed that the economy grew by 0.2% in the second quarter compared to the first three months, slightly exceeding market expectations and providing support for the economic outlook for this year. The Italian National Institute of Statistics (ISTAT) stated that Italys GDP grew by 1.0% year-on-year in the April-June period, also significantly higher than market expectations. Economists had previously predicted GDP growth of 0.1% quarter-on-quarter and 0.7% year-on-year. The data indicates that despite a sharp rise in energy costs due to the conflict with Iran, the Italian economy performed better than market expectations. ISTAT stated that the second-quarter quarter-on-quarter growth was mainly due to a positive contribution from domestic demand, the increase of which was sufficient to offset the drag on economic growth caused by trade. The ISTAT did not release specific data for each component in the preliminary figures, but indicated that the service sector grew, while industry and agriculture both contracted.On July 30th, the Shanghai Municipal Peoples Government issued the "Shanghai Municipal Health and Wellness Development 15th Five-Year Plan". The plan proposes to increase support for innovative drug and medical device research and development, strengthen information sharing and collaboration among medical institutions, medical insurance, and pharmaceutical companies, enhance the application of data in innovative drug research and development, clinical diagnosis and treatment, and the development of commercial health insurance products, and promote the construction and application of a medical insurance-enabled innovation-driven clearing and settlement platform. It also further promotes the construction and application of medical insurance traceability codes and imaging cloud platforms. The plan deepens the mechanism for medical insurance support for the development of innovative drugs and medical devices, supports the inclusion of innovative drugs in the national medical insurance drug catalog, and implements a DRG and DIP payment limit exemption mechanism for innovative drugs.Japanese Prime Minister Sanae Takaichi: We will seek ways to allow Japan more flexibility in adjusting sales tax rates.

DOGE’s Top Ten Visit May Be Short-Lived with EMAs Suggesting sub-$0.050

Jimmy Khan

Sep 07, 2022 16:04

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Dogecoin (DOGE) fell by 6.17% on Tuesday. The DOGE stock price fell by 0.77% on Monday, closing at $0.05888.


In a mixed session, DOGE reached a high of $0.06530 early on before falling to a low of $0.05802 late on. In order to close the day below $0.059, DOGE breached both the First Major Support Level (S1) at $0.0612 and the Second Major Support Level (S2) at $0.0596.


Shiba Inu Coin (SHIB), which had lost 1.63% on Monday, lost 4.98% today, ending the day at $0.00001201.


Following the general market, SHIB increased to a high of $0.00001293 early on before falling to a low of $0.00001171 late on. Prior to a partial recovery to $0.00001201, SHIB breached the First Major Support Level (S1) at $0.0000123 and the Second Major Support Level (S2) at $0.0000119.


For a second session in a row, there were no crypto events to provide DOGE and SHIG guidance. As US investors started to invest again and the hunger for cryptocurrencies decreased due to US economic indications, SHIB burn rates and emotion toward the SHIB entrance into the metaverse failed to maintain prices.


ISM Non-Manufacturing PMI figures above expectations, which challenged support for risky assets.

Price Movement of Shiba Inu Coin (SHIB)

SHIB was up 0.58% to $0.00001208 at the time of writing.


SHIB saw a volatile morning, dropping to an early low of $0.00001191 and then soaring to a high of $0.00001210.