Daily

Market value evaporation

2021-09-17

September 17th.

Today's volatility range:

Yesterday, the gold market fell, and strong retail sales supported the rebound of the US dollar. The yield of US 10-year Treasury bonds rose further, and the price of gold fell under pressure, further suppressing the decline of gold price. The low price of gold was greatly adjusted on August 9.

After a wave of rebound, the gold price rebounded only after it fell close to the gold ratio of 0.786, that is, around US$ 1,746 yesterday. The trend in the market outlook is still weak. Today, even if the rebound is still subject to US$ 1,766, it is better to be short at a high level.

Today's suggested volatility is between $1746 and $1767.


Earlier, in order to help teenagers avoid indulging in online games, the Mainland introduced strict regulations, which not only limited the time of teenagers' daily mobile games, but also required online game providers to provide real-name registration of their accounts. A political party made an investigation yesterday.

The report found that the situation of online games played by minors in Hong Kong is also quite serious. More than 30% of the respondents said that teenagers in their families play computer games for three to five hours every day, which affects their studies as well as their physical and mental growth. The party promotes politics.

Imitating the mainland, the government regulates laws and regulations that do not indulge adults in online games, including requiring real-name registration of accounts, limiting game time, and game themes, contents and playing methods. Attacking Tencent from the mouthpiece of the mainland government.

At the beginning, Tencent's share price suffered repeated blows, and its market value evaporated by more than 3 trillion or 42%, falling out of the list of the top 10 global market capitalization.

The Hong Kong government announced that the unemployment rate in the last three months has further dropped to 4.7%, which is lower than the market expectation. The unemployment rate in most industries has declined, especially in construction and transportation. Labour and

The Secretary for Welfare, Law Chi-kwong, said that the sustained economic recovery and government vouchers to support the economy will further improve the labor market. However, the growth of the labor market could not reverse the investment climate of Hong Kong stocks yesterday, and Evergrande went bankrupt.

After the event continued to ferment and dragged down the share prices of peers and downstream Wuguan stocks, the Hang Seng Index fell for four consecutive days, falling below the 25,000 mark, and closed down 365 points or 1.46% yesterday to close at 24,667 points. European Central Bank President Lagarde

Speaking yesterday, he said that financial support is still needed in the economic recovery to ensure the sustainable development of the economy, and that it is necessary to be determined and stick to it when implementing monetary policy. Maintaining stable liquidity has boosted the investment climate in Europe.

The three major stock markets rose in an all-round way, and the German index rose by 0.23%. The index of Chengdu Aircraft Company in Paris, France rose by 0.59%. The FTSE 100 Index rose 0.16%.

Yesterday, the economic data of the United States was uneven, and the number of new jobless claims rose by 332,000, which was lower than expected. However, last month, retail sales exceeded market expectations, rising by 0.7% month by month, which greatly exceeded the market's original expected reduction of 0.8%.

Strong retail sales data heated up the market expectation that the Federal Reserve would cut back on buying bonds early, with the US dollar index rising to 92.9 and the yield of 10-year treasury bonds rising to 1.33%. The three major stock markets in the US stock market developed individually, with retail sales last month.

Sales rose beyond market expectations, and Dow Jones index and S&P 500 index opened higher. However, the market expected the Federal Reserve to collect water earlier and the yield of 10-year government bonds rose to 1.33%, which hit the risk market, Dow Jones index and S&P..

The 500 index fell to close, down 0.18% and 0.16% respectively, while the Nasdaq index rose for two consecutive days and then rose 0.13% to close. Yesterday, the big gold market fell, strong retail sales supported the rebound of the US dollar, and the US 10-year treasury bond yielded interest.

The rate rose further and the price of gold fell under pressure. Yesterday, the highest price of gold was $1,796, and the lowest price was $1,745. It closed at $1,754, down $40.

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