EUR/USD
1.16328
-0.147%
Gold
3989.78
0.244%
Oil
61.892
0.223%
USD/JPY
152.443
0.357%
GBP/USD
1.34047
-0.120%
GBP/JPY
204.353
0.239%
Real-time News
Changfeng Pharmaceutical (02652.HK) opened at HK$47 on its first day of listing, up more than 218%. The IPO price was HK$14.75.The Hang Seng Index in Hong Kong opened at 26,900.64 points, down 57.13 points, or 0.21%, on Wednesday, October 8. The Hang Seng Tech Index in Hong Kong opened at 6,543.4 points, down 6.9 points, or 0.11%, on Wednesday, October 8. The CSI 300 Index opened at 9,564.37 points, down 9.01 points, or 0.09%, on Wednesday, October 8. The H-share Index opened at 3,981.96 points, up 2.52 points, or 0.06%, on Wednesday, October 8.When the Hong Kong stock market opened, the Hang Seng Index opened down 0.21%, and the S&P 500 Index opened down 0.11%; JD Health (06618.HK) opened up nearly 3%, Xpeng Motors (09868.HK) opened up more than 2%, and Longfor Group (00960.HK) fell more than 8%.Hang Seng Index futures opened down 0.35% at 26,914 points, 29 points below the spot price.On October 8th, Commonwealth Bank of Australia analyst Vivek Dhar stated that the negative correlation between gold and the US dollar could help boost gold prices in the coming months. Dhar noted in a report that despite recent gains in gold futures and the US dollar, the two have maintained a significant negative correlation over the past year. He projected a 4.4% depreciation of the US dollar by the end of the first quarter of 2026, a trend that could further boost gold prices. Commonwealth Bank of Australia forecasts that gold prices will reach $4,500 per ounce by the second quarter of 2026. Dhar also stated that it is difficult to identify any bearish factors that could weaken the gold market.
