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On August 28, it was reported that a helicopter carrying US President Trump experienced a flight safety incident in Washington in early August, drawing international attention. According to reports from CNN, the Associated Press, and other media outlets, the National Transportation Safety Board (NTSB) stated in a preliminary investigation report on August 27 that the helicopter carrying Trump, Marine One, was too close to a passenger plane due to a communication problem between the helicopter crew and air traffic controllers, with recent construction work at the White House playing a role in the incident.Market news: Qatar has extended the force majeure period for Pakistani liquefied natural gas until October.On August 28th, Guangzhou auctioned off three residential land parcels with a total starting price of 9.609 billion yuan. The residential land parcel on Shiliugang Road in the Pazhou South District of Haizhu District, auctioned in the morning, sparked fierce competition. This parcel is designated for Class II residential use with compatible commercial facilities, with a planned construction area of 131,200 square meters and a starting price of 6.056 billion yuan. It attracted five bidders, including Yuexiu & Poly, China Overseas, and China Resources Land. After 201 rounds of bidding, China Resources Land ultimately won the bid at 8.056 billion yuan, with a transaction floor price of 61,423 yuan per square meter and a premium rate of 33.02%. This transaction floor price also ranks among the top three highest transaction floor prices for residential land in Guangzhou.Gushengtang (02273.HK): For the six months ended June 30, 2026 (first half of the fiscal year), the company achieved a net profit of RMB219 million, representing a year-on-year increase of 44.21%; basic earnings per share were RMB1.00, compared with RMB0.63 in the same period of the previous year.On August 28th, as Vietnam seeks to become a regional innovation hub, its leaders urged Qualcomm (QCOM.O) and Samsung to expand their investments in artificial intelligence, semiconductors, and research and development. According to a statement from the Vietnamese government, President To Lam, speaking at a meeting in Hanoi on Thursday, asked Qualcomm CEO Cristiano Amon to increase investment in areas such as artificial intelligence, semiconductors, robotics, 5G/6G, data centers, and next-generation connectivity technologies. The statement said Qualcomm hopes to develop its operations in Vietnam into its third-largest global AI research and development center. Another statement indicated that Vietnamese Prime Minister Le Minh Hung told Samsung Electronics CEO Roh Thai Mun that Vietnam hopes Samsung will continue to be an important partner in enhancing the countrys technological capabilities, developing its industrial base, and deepening its integration into global value chains. The statement noted that since production began 17 years ago, as of the end of June, Samsungs mobile phone manufacturing entities in Vietnam have accumulated exports of $500 billion. Samsung has invested $24 billion in Vietnam to date.

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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