Chinese Asset Sentiment Shows Signs of Recovery

Moomoo NewsJan 20 06:25 ET

The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.

In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.

wallstreetcnJan 16 19:08 ET

Why DouYu Shares Are Exploding Higher Thursday

BenzingaJan 16 13:39 ET

Symbotic, DouYu International, Sezzle And Other Big Stocks Moving Higher On Thursday

BenzingaJan 16 10:24 ET

Market-Moving News for January 16th

BenzingaJan 16 07:20 ET

DouYu Shares Are Trading Higher Following the Company Appointed Simin Ren's as Co-CEO and Declared a Special Cash Dividend.

BenzingaJan 16 07:14 ET