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On August 26th, the Shanghai Municipal Government General Office issued the "Shanghai Strategic Emerging Industries Development 15th Five-Year Plan". It mentions strengthening the cultivation of new intelligent terminals, focusing on application scenarios such as next-generation mobile internet, smart homes, and smart factories, creating internationally competitive consumer-grade new intelligent terminal brands, and launching a number of blockbuster terminal products. Key development areas include: 1. Key Hardware: Accelerating breakthroughs in key technologies such as edge AI chips, next-generation new displays, and flexible material sensors, and promoting technological iteration in areas such as micro-LEDs, waveguide lenses, and high-performance rendering engines. 2. Edge Models: Creating lightweight, multimodal edge vertical models, optimizing iterative model compression algorithms, and achieving performance levels of edge models that are basically comparable to large cloud models in various application scenarios. 3. Intelligent Consumer Terminals: Developing new AI consumer terminals such as AI computers, AI phones, AI glasses, bionic robots, and intelligent wearable devices, supporting a new manufacturing model of "product design + standard parts assembly".According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) repurchased 325,600 shares on August 25, at a cost of HK$53.1 million.Li Auto (02015.HK): As of June 30, 2026, its cash position was RMB 87.5 billion (US$12.9 billion).According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) repurchased a total of 200,000 shares on other exchanges on August 25, at a cost of £3 million.On August 26, Li Auto (02015.HK) announced on the Hong Kong Stock Exchange that, pursuant to the US$1 billion share repurchase program announced on March 24, 2026, the company repurchased 41,232,100 Class A ordinary shares on the Hong Kong Stock Exchange for HK$2.1 billion and 9,487,026 American Depositary Shares (equivalent to 18,974,052 Class A ordinary shares) on Nasdaq for US$150.9 million in the second quarter of 2026. As of the date of this press release, the company has cumulatively repurchased approximately 91.7 million Class A ordinary shares (including approximately 23.7 million American Depositary Shares) for approximately US$631.5 million.

Forming Potentially Bearish Reversal Top

Cory Russell

Jul 25, 2022 15:22

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Late in the trading day on Friday, September E-mini Dow Jones Industrial Average futures are trading lower after giving up previous gains. The blue chip Dow had a sharp decline as the S&P 500 Index and NASDAQ Composite Index experienced a sharp decline as technology equities fell as a result of disappointing earnings results from Snap and Twitter.


September E-mini Dow Jones Industrial Average futures are trading at 31772, down 235 points or 0.73 percent, as of 17:53 GMT. From an intraday high of 32193, this is now lower. The SPDR Dow Jones Industrial Average ETF (DIA) is down $1.33 or 0.41 percent, trading at $319.08 today.


In stock-related news, shares of Intel Corp. and Verizon Communications are both down close to 3.5 percent. Apple is down over 1.0 percent, while Microsoft is down more than 1.5 percent.


Procter & Gamble and American Express are the only companies outperforming the market, both up by about 2.0%.

Economic Information Influences Attitude

Following the publication of additional discouraging economic statistics, doubts about the status of the American economy as well as concerns about profits affected confidence.


The U.S. PMI Composite output index, which analyzes activity in both the manufacturing and service sectors, recorded a preliminary value of 47.5, which indicates declining economic production. The index has not been at that level for more than two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward, but the price action in the late session indicates that momentum may be changing to the negative.


A transaction through 32193 will indicate that the uptrend has resumed. If 30109 is crossed, the primary trend will shift to being downward.


Smaller trend is similarly upward. The minor trend will turn downward if there is a trade through 31504. The downward momentum will change as a result.

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