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Xtep International (01368.HK): Xtep main brand retail sales growth (including online and offline channels) in the fourth quarter of 2025 was flat year-on-year; Xtep main brand retail sales growth (including online and offline channels) in 2025 was low single digits year-on-year.January 23 – The Japanese Diet opened on the afternoon of January 23 local time, with the House of Representatives holding a plenary session. Speaker Fukushiro Nukaga read the imperial edict of dissolution, officially dissolving the House of Representatives. Earlier that morning, Prime Minister Sanae Takaichi had decided to dissolve the House of Representatives at a cabinet meeting. Subsequently, Takaichi and all cabinet members signed the resolution to dissolve the House of Representatives.On January 23, Hong Kong stocks opened higher but then fluctuated downwards. The Hang Seng Tech Index initially rose by over 1%, but closed up 0.32% at 26,715.73 points; the Tech Index closed up 0.12% at 5,769.23 points. On the sector front, commercial aerospace stocks were active, while photovoltaic and gold stocks rose strongly, and new consumption concepts rebounded; passenger airline stocks fell, and building materials stocks retreated. In terms of individual stocks, Junda Shares (02865.HK) surged over 29%, Goldwind Technology (02208.HK) rose nearly 9%, GigaDevice (03986.HK), Laopu Gold (06181.HK), and Chifeng Gold (06693.HK) all rose over 7%, Pop Mart (09992.HK) gained 6.5%, Ganfeng Lithium (01772.HK) and Nanjing Panda Electronics (00553.HK) climbed 5%, and Alibaba (09988.HK) climbed 2.6%; MicroPort Robotics (02252.HK) fell 4.6%, and Hua Hong Semiconductor (01347.HK), CNOOC (00883.HK), and PetroChina (00857.HK) dropped 2%.On January 23, Capital Economics reported that the Bank of Japans more optimistic stance on the economic outlook has led it to believe that a rate hike may come sooner than previously expected. At its first policy meeting in 2026, the Bank of Japan kept interest rates unchanged while raising its GDP growth forecasts for the current and next fiscal years. Marcel Thieliant of Capital Economics noted that despite the governments announcement of energy subsidies last November, the Bank of Japan did not lower its inflation forecast, leading him to believe that underlying inflation will no longer remain subdued but will instead rise moderately. With the real policy rate still deeply negative, further tightening is almost a certainty. Even with the possibility of future consumption tax cuts that could distort prices, Capital Economics believes inflationary pressures will remain robust. The firm previously predicted a July rate hike by the Bank of Japan, but now the risks seem to favor an earlier move. Regardless, the firm expects the policy rate to rise to 1.75% by the end of 2027.On January 23, Yiyitong received research from multiple institutions including Guotai Haitong, Great Wall Securities, and First Capital Securities on January 21. In response to questions about its chip and storage layout, the company stated that its subsidiary, Xingyi, was among the earliest storage companies in China. With the advancement of AI technology, user data is increasing, and the demand for storage will also grow. In the future, the company will provide more resources to focus on this track, while also considering investing in and acquiring related companies.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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