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Today’s Announcements & News


As Asia-Pacific markets mostly fell on Wednesday, Hong Kong’s Hang Seng index dropped nearly 2% to a new 2023 low.

As China’s latest manufacturing purchasing managers index fell for a second consecutive month in May to 48.8, a steeper contraction than April’s 49.2, the index briefly entered bear market territory and closed 1.94 percent lower at 18,234.27.

The Shanghai Composite fell 0.61 percent to 3,204.56 and the Shenzhen Component fell 0.7 percent to 10,793.85. All of the mainland Chinese markets were also lower.

The Nikkei 225 fell 1.41 percent to 30,887.88 in Japan, falling from its 33-year high, while the Topix fell 1.32 percent to 2,130.63.

The weighted inflation rate in Australia increased to 6.8%, which was higher than anticipated, causing the S&P/ASX 200 to lose 1.64 percent and end the session at 7,091.3. The number was higher than the 6.4% that Reuters polled economists expected.

The Kospi lost 0.32 percent to close at 2,577.12, reversing earlier gains, while the Kosdaq gained 0.64 percent to 856.94.

United States

The Dow Jones Industrial Average ended the final trading day of May 134.51 points lower, or 0.41%, at 32,908.07, as investors watched the federal debt ceiling debate in Washington. The S&P 500 fell 0.61 percent to 4,179.83 at the close. At 12,935.29, the Nasdaq Composite lost 0.63 percent.

After President Joe Biden and House Speaker Kevin McCarthy reached an agreement over the weekend, it passed a crucial test on Tuesday night and was sent to the House floor following a 7-6 vote in the House Rules Committee. The floor vote is supposed to occur Wednesday night.


Oil costs settled lower on Wednesday, constrained by a more grounded U.S. dollar and powerless information from top oil merchant China that took care of interest fears.

The price of a barrel of Brent crude for delivery in August futures decreased by $1.11 to $72.60. West Texas Intermediate crude (WTI) decreased by $1.37, or 2%, to $68.09 in the United States.

Gold solidified on Wednesday upheld by lower Depository yields yet the dollar’s solidarity, with more loan cost climbs in the offing and positive thinking about a U.S. obligation bargain saved bullion on course for its most memorable month to month plunge in three.

At $1,963.09 per ounce, spot gold was up 0.2 percent at the time. U.S. gold futures settled 0.3% higher at $1,982.10, up from its near-record highs earlier in May, where it has lost nearly 1.1% this month and over $100.

The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.

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