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๐จ๐ณ CHINESE ACTIONS IN THE U.S. FALL 0.55% AFTER THE FED DECISION ๐
The Nasdaq Golden Dragon China Index closed lower after absorbing the restrictive stance of the U.S. Federal Reserve (hawkish), although it managed to cushion the impact following the official press conference.
Key market points:
๐ Index performance: It fell 0.55% to 5,734.17 points.
๐ด Pressure on Chinese Big Tech: Early declines in major tech companies such as Xiaomi (-2.8%), Tencent (-2.4%), Meituan (-2.3%), and Alibaba (-2%).
๐ข Short-term resilience: Pinduoduo (+0.9%), ASE Technology (+2%), and the China Technology ETF (CQQQ, +0.15%) traded in positive territory.
๐ฆ
Macro impact: The Fedโs dot plot projects new rate hikes, increasing pressure on liquidity in emerging market assets.
Do you think the Chinese technology sector will continue under pressure from high rates in the U.S., or do you see buying opportunities at these levels?
๐ฌ๐ Iโm reading your comments!
#NasdaqGoldenDragon #Fed #JeromePowell #InterestRates #Macroeconomy
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๐จ๐ณ CHINESE ACTIONS IN THE U.S. FALL 0.55% AFTER THE FED DECISION ๐
The Nasdaq Golden Dragon China Index closed lower after absorbing the restrictive stance of the U.S. Federal Reserve (hawkish), although it managed to cushion the impact following the official press conference.
Key market points:
๐ Index performance: It fell 0.55% to 5,734.17 points.
๐ด Pressure on Chinese Big Tech: Early declines in major tech companies such as Xiaomi (-2.8%), Tencent (-2.4%), Meituan (-2.3%), and Alibaba (-2%).
๐ข Short-term resilience: Pinduoduo (+0.9%), ASE Technology (+2%), and the China Technology ETF (CQQQ, +0.15%) traded in positive territory.
๐ฆ Macro impact: The Fedโs dot plot projects new rate hikes, increasing pressure on liquidity in emerging market assets.
Do you think the Chinese technology sector will continue under pressure from high rates in the U.S., or do you see buying opportunities at these levels?
๐ฌ๐ Iโm reading your comments!
#NasdaqGoldenDragon #Fed #JeromePowell #InterestRates #Macroeconomy
$BTC
$BNB
$ETH
The Nasdaq Golden Dragon China Index closed lower after absorbing the restrictive stance of the U.S. Federal Reserve (hawkish), although it managed to cushion the impact following the official press conference.
Key market points:
๐ Index performance: It fell 0.55% to 5,734.17 points.
๐ด Pressure on Chinese Big Tech: Early declines in major tech companies such as Xiaomi (-2.8%), Tencent (-2.4%), Meituan (-2.3%), and Alibaba (-2%).
๐ข Short-term resilience: Pinduoduo (+0.9%), ASE Technology (+2%), and the China Technology ETF (CQQQ, +0.15%) traded in positive territory.
๐ฆ Macro impact: The Fedโs dot plot projects new rate hikes, increasing pressure on liquidity in emerging market assets.
Do you think the Chinese technology sector will continue under pressure from high rates in the U.S., or do you see buying opportunities at these levels?
๐ฌ๐ Iโm reading your comments!
#NasdaqGoldenDragon #Fed #JeromePowell #InterestRates #Macroeconomy
$BTC
$BNB
$ETH
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