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DBS Bank Research: Raises target price for Anta Sports (02020.HK) from HK$89.90 to HK$91.40.Bank of Japan Deputy Governor Ryozo Himino: The Bank of Japan will consider the possibilities of its scenarios and risks, including the Middle East conflict, artificial intelligence demand, and the impact of foreign exchange, in order to determine the pace and timing of future interest rate hikes.Bank of Japan Deputy Governor Ryozo Himino: We will not comment on market expectations regarding a Bank of Japan interest rate hike.Mixue Group (02097.HK), a Hong Kong-listed company, saw its shares plummet in the afternoon, with the decline now widening to 10%.On August 27th, Voyah Automobile (07489.HK) released its interim results for the six months ended June 30, 2026. During the reporting period, domestic passenger vehicle sales reached 8.798 million units, a year-on-year decrease of 18.9%. Among them, sales of new energy passenger vehicles reached 4.557 million units, a year-on-year decrease of 14.1%. During the reporting period, cumulative deliveries reached 76,264 units, a year-on-year increase of 35.9%; total revenue was RMB 18.16 billion, an increase of 42.4% compared to the same period in 2025; gross profit was RMB 3.22 billion, an increase of 17.7% compared to the same period in 2025. Affected by rising raw material costs such as lithium carbonate and memory chips, the company recorded a net loss of RMB 390 million in the first half of 2026, a decline compared to the net profit recorded in the same period of 2025.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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