EUR/USD
1.16337
-0.059%
Gold
4339.50
-0.386%
Oil
56.788
-0.200%
USD/JPY
151.116
0.241%
GBP/USD
1.33925
-0.081%
GBP/JPY
202.387
0.167%
Real-time News
Hong Kong-listed consumer stocks weakened, with Pop Mart (09992.HK) falling more than 5%, Gu Ming (01364.HK) falling more than 4%, and BRUCO (00325.HK), Laopu Gold (06181.HK), and Mixue Group (02097.HK) following suit.Futures data from October 21st revealed that as of October 20th, the mainstream benzene market in East China closed at 5,535 yuan/ton, down 220 yuan/ton from 5,755 yuan/ton at the beginning of October. Looking at the post-holiday market, major ports in East China maintained a steady pace of destocking in early October, but concerns about crude oil oversupply intensified, with Brent crude futures falling to a five-month low and weakening market sentiment. Coupled with a lack of downstream market support, exacerbating losses, and a lack of new orders from end users, secondary downstream inventories remained high and difficult to reduce, creating significant price transmission resistance. The market may face downward pressure in late October.Futures News, October 21st: Crude oil prices have recently continued to decline, with overall weakness predominating. Market concerns are mounting about a global oil glut. On the one hand, Saudi Arabia has been increasing crude oil production, albeit at a slower pace, but the cumulative increase has been significant. On the other hand, the US has entered its seasonal off-season, resulting in lower oil demand and significant pressure on oil inventory. Zhuochuang Information predicts that the decline in oil prices reflects the realization of some negative factors. The market is focused on the progress of Sino-US trade negotiations. Current market news suggests expectations for a deal are stronger than previously anticipated, potentially providing support for oil prices. Whether this can stabilize remains to be seen.The Hang Seng Tech Index continued its strong performance, rising over 3%. Tech stocks performed strongly, with Bilibili (09626.HK) rising nearly 10%. The Hang Seng Index is now up nearly 2%.On October 21, it was learned from the Ministry of Natural Resources that due to the influence of strong cold air and this years No. 24 typhoon "Fengshen" (strong tropical storm level), the National Marine Forecasting Center continued to issue an orange alert for waves and a yellow alert for storm surges at 08:00 on October 21 in accordance with the "Marine Disaster Emergency Plan".
