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Today’s Announcements & News


As investors processed economic data from Japan and Australia, Asia-Pacific markets were mixed.

As U.S. President Joe Biden cut short his Asia trip to return to the U.S. for talks on the debt ceiling, Quad leaders also canceled a meeting that was scheduled to take place in Sydney next week.

In the final hours of trading, Hong Kong’s stocks experienced a sharp sell-off, with the Hang Seng index trading nearly 2% lower on Wednesday afternoon. According to data from Refinitiv, declines were led by consumer cyclical stocks, real estate, and healthcare.

China’s new home prices, which fell 0.2 percent year-over-year in April, were further digested by investors. Stocks in mainland China also fell, with the Shanghai Composite losing 0.21 percent to 3,284.23 and the Shenzhen Component losing 0.21% to 11,091.08.

Japan’s Nikkei 225 was up 0.84% – surpassing the mental degree of 30,000 and shutting down at 30,093.59. As Japan stocks surged to their highest level since August 1990, the Topix closed at 2,133.61, up 0.3 percent.

South Korea’s Kospi rose 0.58% and completed at 2,492.66, while the Kosdaq hopped 2.14% to end the day at 834.19. The S&P/ASX 200 in Australia ended 0.49 percent lower at 7,199.2, with mining stocks leading the losses.

United States

Investors hoped that congressional leaders and President Joe Biden could reach an agreement on the debt ceiling and prevent a catastrophic default, which led to a rise in stock prices on Wednesday.

To 33,420.77, the Dow Jones Industrial Average gained 408.63 points, or 1.24 percent. To 4,158.77, the S&P 500 gained 1.19 percent. The Nasdaq Composite high level 1.28% to 12,500.57.

At the determination of a gathering between the president and legislative pioneers Tuesday, House Speaker Kevin McCarthy said that a “superior cycle” is presently set up for additional discussions, saying it’s “feasible to get it before the week’s over.” The White House said that Biden dropped a second leg of a forthcoming worldwide excursion to zero in on the talks.


On Wednesday, concerns about an abundance of supply were outweighed by optimism regarding oil demand and negotiations over the U.S. debt ceiling.

Brent unrefined fates settled up $2.05, or 2.7%, to $76.96 a barrel. U.S. West Texas Intermediate crude ended the day at $72.83, up $1.97, or 2.8%.

Gold fell on Wednesday as the dollar rose in response to hawkish remarks made by officials at the U.S. Federal Reserve, which cast doubt on the likelihood of interest rate cuts this year.

After reaching its lowest level since April 27, spot gold fell 0.3 percent to $1,981.39 per ounce. U.S. gold futures settled at $1,984.90, down 0.4 percent.

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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