On Monday, December 19, investors continued to measure the prospects of interest rate hikes in the European and American central banks and the economic trends of major countries, and their concerns about economic recession intensified. US stock three major stock indexes closed down collectively for the fourth consecutive trading day, and the Nasdaq fell by more than 1%.
Comprehensive Xinhua News Agency , CCTV News, Royal Thai Navy html 19 issued a statement saying that the Thai Navy "Sukotai" warship encountered a strong wave in the waters of the Gulf of Thailand on the evening of the 18th and sank in the early morning of the 19th. On December 19, local time, the U.S. House of Representatives' Special Committee, which investigated the Capitol Hill riots on January 6, 2021, held its last public hearing. The committee announced that it would submit a number of criminal charges against former President Trump , including insurgency, obstruction of official procedures and conspiracy to defraud the federal government.
The three major U.S. stock indexes closed down collectively
Chinese education stocks generally rose
0On December 19th local time, the three major U.S. stock indexes closed down collectively. Wind data showed that the Dow closed down 162.92 points, or 0.49%, to 32,757.54 points; the Nasdaq fell 159.38 points, or 1.49%, to 10,546.03 points; the S&P 500 index fell 34.70 points, or 0.90%, to 3,817.66 points. So far in December, the Dow has fallen more than 3%, the S&P 500 has fallen nearly 4.5%, and the Nasdaq has fallen 5.4%.
Source: Wind
Chinese education stocks generally rose, Yiyi Education Technology rose by more than 30%, NetEase Youdao, New Oriental , and Good Future followed suit. In terms of industry news, the document "Outline of Strategic Planning for Expanding Domestic Demand (2022-2035)" proposes to improve the quality of education services. Encourage social forces to provide diversified educational services, support and standardize the development of private education, comprehensively standardize off-campus education and training behaviors, steadily promote the reform of classified management of private education, and carry out high-level Sino-foreign cooperative education . At the same time, strengthen and improve online learning services and promote the co-construction and sharing of various digital education resources.
Major European stock indexes generally rose, German DAX30 index rose 0.36%, French CAC40 index rose 0.32%, UK FTSE 100 index rose 0.40%, and European Stoke 50 index rose 0.19%.
Source: Wind
In terms of commodity market, international gold price html closed down on the 219th. The gold futures price in February 2023, with the most active trading in the gold futures market on the New York Mercantile Exchange, fell by US$2.5 on the 19th compared with the previous trading day, closing at US$1,797.7 per ounce, a drop of 0.14%; on the same day, the price of silver futures for delivery in March 2023 fell by 12.9 cents, closing at US$23.199 per ounce, a drop of 0.55%.
International oil prices rose on the 19th. As of the close, the futures price of New York light crude oil delivered in January 2023 rose $0.90 to close at $75.19 per barrel.
Federal 's forecast for the future rate hike endpoint has increased investors' concerns about the recession. "Having the Fed raises 400 basis points in nine months, monetary policy quickly becomes stricter. Now the risk of recession will only increase, as Fed Chairman Powell has already hinted that we should expect 'continuous rate hikes'."
"Investors are still waiting for the Christmas rise in U.S. stocks, which have just suffered their first two-week decline since September." Chris, managing director of Morgan Stanley's electronic trading division, said. Larkin said: "Data shows that cooling inflation may have brought a brief boost to the market, but the Federal Reserve and Powell jointly emphasized that interest rate may remain high for a considerable period of time, which has left many investors stuck."
A large number of U.S. stocks listed in the past two years are at risk of delisting
In the past two years, more than a quarter of the nearly 600 companies that have IPOed in traditional ways in the past two years, currently more than a quarter of share prices under are below $2, and many companies listed in the wave of mergers involving SPAC ( special purpose acquisition company ) have also performed poorly. In the United States, when an stock trades on average below $1 for 30 days or fails to meet other requirements, the company will receive a warning from the stock exchange. The company then has 180 days to restore its share price, and if it cannot, it will usually be delisted or transferred to an exchange with lower listing standards.Market insiders said that such newly listed companies also face the reality that stock prices may never be restored.
According to Dealogic data, since the beginning of this year, due to the Fed's interest rate hike in and the weak performance of the US stock market, the total fundraising of traditional IPOs has been in its worst year in at least twenty years.
Nowadays, a company that has just been listed has announced its delisting. In November, laser sensor company Quaner delisted from New York Stock Exchange , and its stock is now trading over the , with the latest price being around 9 cents per share. Last week, Quaner filed for bankruptcy protection and said it was seeking to sell its business, just 10 months after the company went public.
There are many companies in similar situations, but because these companies are too low valuations, few people are willing to sell them at a sluggish price.
Special Committee of Investigation on the Capitol Hill Riots
Will submit criminal charges against Trump
0 On December 19, local time, the U.S. House of Representatives' Special Committee for investigating the Capitol Hill Riots on January 6, 2021 held its last public hearing. The committee announced that it would submit a number of criminal charges against former President Trump to the Department of Justice, including insurgency, obstruction of official procedures and conspiracy to defraud the federal government.
A Thai warship sank in a strong wave
31 crew members are still missing
0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Seventy-five of the 106 people on the ship were rescued, and the search and rescue of the remaining 31 crew members is still in progress.
A spokesperson for the Thai Navy said that the "Sukothy" warship encountered strong waves while performing maritime patrol missions on the evening of the 18th, the hull lost balance and the engine malfunctioned. The warship sank in the waters about 20 nautical miles away from Bashu Prefecture at around 0:12 local time on the 19th due to loss of power.
It is reported that the Thai military has deployed three warships and two helicopters to continue to search and rescue the missing crew in the waters where the incident occurred, but due to the heavy storm at sea, the rescue operation is difficult to carry out.
Edited by: Li Ruoyu Wang Yin
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