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Hong Kong-listed tech stocks fluctuated and weakened, with Kuaishou (01024.HK) and Baidu (09888.HK) falling by more than 3%, Alibaba (09988.HK) falling by more than 2%, and Meituan (03690.HK) and NetEase-S (09999.HK) following suit.February 26 - Shell is in talks with several companies, including a subsidiary of Abu Dhabi National Oil Company (ADNOC), to sell a minority stake in its A$34 billion (approximately US$24 billion) Northwest Shelf gas export project in Western Australia, sources familiar with the matter revealed. According to the sources, discussions with bidders such as XRG, an investment arm of ADNOC, and Midocean Energy, in which Saudi Aramco has a stake, are currently in the preliminary stages. Other potential buyers are also monitoring the situation. Shell has been increasing its investment in liquefied natural gas (LNG). However, media reports last September indicated that Shell would explore selling its 16.67% stake in the Northwest Shelf project due to plans to convert the facility into a so-called third-party processing plant. A spokesperson stated that Shell regularly assesses its portfolio to support prudent capital allocation. "We continue to work closely with our Northwest Shelf project partners to create value, maximize future performance, and meet customer needs."According to futures news on February 26th, as of the week ending February 21st, Japanese commercial crude oil inventories increased by 580,487 kiloliters from the previous week to 10,292,946 kiloliters. Japanese gasoline inventories decreased by 48,567 kiloliters from the previous week to 1,657,984 kiloliters. Japanese kerosene inventories decreased by 74,737 kiloliters from the previous week to 1,380,684 kiloliters. The average operating rate of Japanese refineries was 90.5%, compared to 89.0% the previous week.The main contract for the container shipping index (European route) fell by 6.00% during the day, and is currently trading at 1225.0 points.February 26th - Latest supply chain information shows that after bottoming out and rebounding in the second half of 2024, mobile phone memory and storage chip prices have maintained an upward trend for several consecutive quarters, with the increase further expanding at the beginning of 2026. Multiple industry insiders confirmed that the current procurement cost of smartphone storage chips has increased by more than 80% compared to the same period last year, and there are no signs of a slowdown. Due to this cost pressure, according to channel and ODM manufacturers, several leading mobile phone brands, including OPPO, OnePlus, vivo, Xiaomi, iQOO, and Honor, are planning to launch a new round of product price adjustments in early March. This will be the largest and most significant collective price adjustment in the mobile phone industry in nearly five years. With frequent fluctuations in memory costs, the Chinese mobile phone market may face its first-ever situation of multiple price increases within a single year in 2026.

Despite Bearish BTC Session, BTC Fear & Greed Index Avoids Sub-30

Daniel Rogers

Nov 08, 2022 16:18

 截屏2022-11-08 下午4.10.25.png

 

Bitcoin (BTC) declined by 1.54% on Monday to end the day below $21,000 for the second consecutive session. BTC and the broader market dissociated from the NASDAQ Composite Index, as crypto investors await the US CPI report this week. The Bitcoin Fear & Greed Index decreased from 33/100 to 31/100 as the bearish BTC session weighed on the index.

 

Bitcoin (BTC) decreased by 1.54% on Monday. Sunday's closing BTC price was $20,609, following a 1.79% fall. Notably, Bitcoin closed the day for the second consecutive session below $21,000.

 

BTC reached a day's early high of $21,083 despite a shaky start. BTC reached a late-day low of $20,421 after failing to surpass the First Major Resistance Level (R1) at $21,240. Before partially recovering to $20,609, BTC fell through the First Major Support Level (S1) at $20,762 and the Second Major Support Level (S2) at $20,592.

 

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.

 

A lackluster economic calendar in the United States hindered BTC. This week, US inflation, retail sales, and consumer sentiment data will impact market sentiment towards the US economy and a December Fed turn.

 

However, the NASDAQ Composite Index increased by 0.85% on Monday, as optimism surrounding the US midterm elections provided support. Later today, the US economic calendar will feature another day of inactivity, leaving investors in suspense as the attention remains on the midterm elections. The NASDAQ mini was up 15.5 points this morning.