TOKYO, Nov 25 (Reuters) – Japan’s ruling party is discussing whether to ease military equipment export rules, in part because without a change Britain would not be able to sell any jet fighters it builds with Japan, former defence min ...
U.S. stocks closed higher on Wednesday, 20th July 2022, with the tech-dominated Nasdaq rising 1.6% driven by positive earnings signals, but people remained cautious about inflation and further interest rate hikes by the Federal Reserve.
Netflix surged 7.4% after the company forecast a return to subscriber growth in the third quarter, while reporting a lower-than-expected 1 million subscribers in the second quarter.
Other high-growth stocks also extended gains after Netflix announced its forecast. Apple, Amazon and Microsoft gained anywhere from 1%-4.2%. Tesla rose 2% hours after, reporting a rise in quarterly profit.
Total profits of S&P 500 component companies are expected to rise 5.9% year-over-year in the second quarter, down from 6.8% forecast at the beginning of the quarter.
Runaway inflation previously led the market to digest expectations of a 100-basis point rate hike at the Federal Reserve’s upcoming meeting next week, which subsequently declined after some policymakers signaled a 75-basis point hike.
(Dow 30, 1-hour chart)
The Dow is concerned about the 31661-line today. If the Dow runs steadily above the 31661-line, it will pay attention to the suppression strength of the two positions of 32083 and 32455. If the Dow runs steadily below the 31661-line, it will pay attention to the support strength of the two positions of 31291 and 31000.
Hong Kong Stocks
Hang Seng Index (HSI) opened 0.38% lower, Hang Seng TECH Index (HSTECH) fell 0.2%, Hang Seng China Enterprises Index (HSCEI) fell 0.29%.
On the market, most of the large technology stocks were lower, Tencent Holdings Limited (0700.HK) fell 1%, Meituan (3690.HK), Alibaba Group Holding Limited (9988.HK), Baidu, Inc. (9888.HK), Xiaomi Corporation (1810.HK) were down, NetEase, Inc. (9999.HK) bucked the trend up about 3%.
Photovoltaic solar stocks strengthened significantly, banking stocks, e-cigarette concept stocks, home appliances stocks, dairy stocks, sporting goods stocks mostly rose.
Meanwhile, domestic insurance stocks fell in general, gas stocks, gold stocks, power stocks generally fell.
(HK50, 1-hour chart)
HK50 focuses on the 21450-line today. If HK50 can run stably above the 21450-line, then pay attention to the suppression strength of 22127 and 22785. If HK50 runs below the 21450-line, then pay attention to the support strength of 20467 and 19517.
FTSE China A50 Index
(FTSE China A50, 1-hour chart)
FTSE China A50 focuses on the 14352-line today. If the A50 runs stably below the 14352-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14352-line, it will open up further upward space. At that time, pay attention to the two positions of 14695 and 14985.
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