Market Insights: Jan 22nd, 2024

Economics and What are the foreign exchange marketsFinance

1. China Loan Market Quotation Rates: The one-year LPR remains at 3.45%, and the five-year LPR remains at 4.2%, with reserve requirement ratio (RRR) and interest rate cuts expected in March or April.
2. Performance of the A-share Market: Sectors leading in gains include MR concepts, brokerages, automotive, banks, and gold, while photovoltaic, tourism, electricity, and dairy sectors lead in losses.
3. Hong Kong Stock Market Trends: The Hong Kong stock market performed steadily during the bidding session, with the Hang Seng Index rising and the technology index also making gains.
4. Morgan Stanley China A Share Fund: The Morgan Stanley China A Share Fund (CAF) announced a buy-back of up to 20% of its circulating shares, starting today and expected to end before February 20, 2024.

Business and Industry

1. Indian Stock Market Dynamics: With the completion of the first phase of the Ram Temple, related tourism and infrastructure stocks surged dramatically.
2. Global Oil Market: Oil prices fell for a second consecutive day on Monday, pressured by headwinds to the global economic outlook and its impact on global oil demand.
3. Hengtai Futures Energy Industry Weekly Report: Oil prices returned to the upper end of the range, and the buildup of momentum continues.
4. Panasonic Battery Business: Panasonic may delay the construction of a new battery factory in the United States, focusing primarily on improving productivity.
5. Boeing Aircraft Orders: Multiple countries have grounded the 737MAX9 model, while India has purchased 370 Boeing aircraft within six months.

Stock Market News

1. ETF Market Dynamics: Stimulated by the sharp rise in US stocks, cross-border ETFs performed strongly in the morning trade, with the Nasdaq Technology ETF up nearly 3%, Nikkei 225 ETF Easy Fund Management up 2.61%, and the US 50 ETF up 1.79%.
2. Performance of Japanese and South Korean Stock Markets: Both the Nikkei Index in Japan and the Seoul Composite Index in South Korea have risen.

Politics and International Relations

1. US Presidential Election: Florida Governor Ron DeSantis withdraws from the 2024 US presidential race and announces his support for Donald Trump's candidacy for president.
2. US Department of Defense Ban on Chinese Batteries: The US Congress has prohibited the Pentagon from purchasing batteries, including those produced by six Chinese companies such as CATL and BYD.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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