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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.

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.

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