The Hang Seng Index continued its strong downward trend this week, reaching its lowest level since June last year. HSI has dropped in the last eight consecutive days and is down by nearly 20% from its highest point this year. The Hang Seng has diverged from other global indices like the Nikkei 225 and Kospi
Silver is finding out that cheaper oil is not enough to calm a market worried about the Federal Reserve. The metal fell for a third straight session on Thursday, trading around $56.90 an ounce in Asian hours, as investors cut exposure to non-yielding assets before a key US inflation report. The move came even as
Bitcoin has fallen below the $60,000 level before recovering to around $61,000, although several macroeconomic and market pressures have kept traders cautious about the flagship cryptocurrency’s next move. According to market data, Bitcoin briefly dropped to as low as $59,060 before rebounding above $60,800 over the past 24 hours. The decline retested the same support
ING Economics has reset its gold price forecasts after a sharp correction, acknowledging that higher yields, a stronger US dollar, and weaker investor demand have eroded the bullish momentum that carried the metal earlier this year. Commodities strategist Ewa Manthey said the downgrade reflects near‑term headwinds but stressed that long‑term structural drivers remain intact. Forecasts
Oil prices fell back to levels last seen before the Iran war on Thursday, as traders bet that the worst of the Strait of Hormuz disruption may finally be easing. Brent crude slipped below $73 a barrel, while US West Texas Intermediate traded around $69. Both benchmarks hit their lowest levels since February 27, the
HYPE has rebounded to around $63.5 after a June 24 selloff dragged the token to an intraday low of $59.18, leaving it down about 11% over the past seven days despite a 2% recovery in the last 24 hours. A sharp risk-off wave swept across financial markets, amplified by institutional de-risking ahead of the highly
Gold has dropped below $4,000 an ounce, but Wall Street is not giving up on every corner of the gold trade. Spot bullion slipped to a seven-month low near $3,981, pressured by a stronger US dollar and rising expectations that the Federal Reserve may keep rates higher for longer. That is usually bad news for
Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business. The company said that, alongside a broader expansion of its artificial intelligence strategy, it helped lift its shares more than
The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, after rising to 101.80 on Wednesday, eased in early Thursday trade but
MemeCore’s M token has plunged more than 76% over the past 24 hours, extending its collapse to about $0.68 and erasing nearly $3 billion in market value as fresh scrutiny has returned to the project’s tokenomics, liquidity, and exchange listings. According to Coingecko price data, M traded at about $0.68 on June 25 after dropping