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On August 28, the Political Bureau of the CPC Central Committee held a meeting to study and deploy emergency rescue and relief work for the mudslide disaster in Gyirong County, Shigatse City, Tibet. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.On August 28th, Henan Jingrun Wanxiang Real Estate Development Co., Ltd. won the bid for Zhengzheng Gaochu [2026] No. 14 (online) for 1.119 billion yuan. The plot is located north of Fengyang Street and west of Xuesong Road in Zhengzhou High-tech Zone, surrounded by Zhengzhou University and Zhengzhou Foreign Language School. The land use right area is 53,799.20 square meters (approximately 80.7 acres), designated for urban residential use, with a starting price of 691 million yuan. Based on this, the transaction price represents a premium of 61.97%. The winning bidder, Henan Jingrun Wanxiang Real Estate Development Co., Ltd., is a subsidiary of China Resources Land Holdings Co., Ltd.The China Earthquake Networks Center officially reported that a 5.1-magnitude earthquake occurred in Longchang City, Neijiang City, Sichuan Province at 13:13 on August 28, with a focal depth of 13 kilometers.August 28 (Reuters) - South Koreas exports are likely to continue their strong growth in August, marking the 15th consecutive month of year-on-year increases, driven by surging global demand for artificial intelligence chips. The median forecast from 10 economists indicates that South Korean exports are expected to rise 62.6% year-on-year in August, essentially continuing the momentum of Julys 63% surge. Analysts say that Samsung Electronics and SK Hynix, the two memory chip giants, continue to be the main pillars of export growth. Park Sang-hyun, an economist at iM Investment & Securities, said, "Exports of information technology products, especially semiconductors, are expected to maintain a high growth rate. Looking ahead, although the strong performance of global manufacturing will continue to support this upward trend led by semiconductors, the year-on-year growth rate of exports is expected to gradually slow down due to the base effect."ECB Governing Council member Kazak: Inflation cannot be allowed to take root.

S&P 500 Heads Towards The 4000 Level As Treasury Yields Decline

Cory Russell

Nov 23, 2022 16:13

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Energy Stocks Rise as WTI Oil Heads in the Direction of The S&P 500 index rose to a level of $82 as energy firms recovered from yesterday's decline. In today's trading session, shares of Marathon Petroleum, APA Corporation, and Hess Corporation all increased by 5%.


Today, basic materials stocks have also had significant positive momentum, notably those of the producer of copper Freeport-McMoRan and the manufacturer of fertilizer Mosaic.


The S&P 500's largest gainer today was Best Buy. After the store exceeded analyst expectations, increased full-year guidance, and started up its buyback program, the stock increased by 11%.

While this was happening, traders' attention was diverted to Dollar Tree's 9% loss due to the weak earnings outlook.


The NASDAQ Composite, which is heavily weighted toward technology stocks, rose 0.8%. It's interesting to note that Tesla was able to rise above yearly lows despite concerns that it would lower pricing in China because to sluggish demand.


Overall, the recovery was significant, and all market segments were able to pick up positive momentum during today's trading session. Today, a weaker US currency and lower Treasury yields gave stocks significant assistance.

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