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On May 14, President Xi Jinping held talks with US President Donald Trump at the Great Hall of the People in Beijing. During the talks, more than ten US business representatives, including Tesla CEO Elon Musk, Apple CEO Tim Cook, Nvidia CEO Jensen Huang, and Boeing CEO John Ottberg, entered the meeting room under the guidance of staff.On May 14th, Citigroup reported that Tencent Holdings (00700.HK) management expressed satisfaction with the significant performance improvement of the "Hun Yuan 3.0" model during the Q1 2026 earnings call, attributing this to high-frequency token usage and deep integration with the companys core internal products. Management indicated that the integration of the Hun Yuan model with WeChat will proceed gradually, and they are confident in expanding Hun Yuan 3.0 into a larger model in the future. This development will be continuously optimized based on actual application scenarios and feedback within internal businesses and products. Besides AI, Citigroup believes Tencents core businesses remain robust. Domestic and international gaming businesses continue to grow, with several long-running games achieving record-breaking performance. Tencent Cloud and marketing services also performed strongly. The report points out that although GPU resources are currently prioritized for internal needs, the domestic GPU supply is expected to gradually increase in the second half of 2026, which will be a significant growth catalyst for Tencent Cloud. Following the adjustment of its forecast, Citi lowered its target price for Tencent from HK$783 to HK$763, but maintained its "buy" rating and remains optimistic about the gradual realization of Tencents AI strategy and the sustainable growth of its core profits.A Samsung union official believes there is no basis for further salary negotiations unless Samsung Electronics officially finalizes and announces its bonus plan.Malaysias Minister of Economy: We remain confident in first-quarter GDP growth and expect it to meet or exceed expectations.Most Hong Kong-listed chip stocks fell, with ASMPT (00522.HK) and Hua Hong Semiconductor (01347.HK) dropping more than 5%, and Horizon Robotics (09660.HK), Chipwise Holdings (02166.HK), and Biren Technology (06082.HK) falling more than 4%.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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