Analisis Forex & Kajian: 29.08.2022 - The risk of delisting Chinese...

29.08.2022 02:22 PM

The risk of delisting Chinese companies from American exchanges has halved

Meanwhile, US stock indices continue to lose their positions rapidly, having sunk by more than 1.0% from Friday's closing. According to Goldman Sachs, the risk of delisting Chinese stocks on US stock exchanges has almost halved.

The China Securities Regulatory Commission and the US Public Company Accounting Oversight Board announced on Friday that the two sides had signed a cooperation agreement to verify Chinese companies' audit documents on the US stock exchange. The Chinese Ministry of Finance also signed the agreement. Experts believe this is, without a doubt, a breakthrough in the regulation field.

Goldman Sachs warned that there remains quite a lot of uncertainty, as the deal was only the first step. The first inspection of Chinese companies, consisting of American inspectors, is expected to be sent to China by mid-September this year. In December, a decision will be made on whether China continues obstructing access to audit information.

According to analysts, the market estimates with a probability of about 50% that Chinese companies may be excluded from listing on US exchanges. It is significantly less than 95% in mid-March - the highest figure since January 2020.At the end of 2020, the law on the Liability of Foreign Companies came into force, which allows the US Securities and Exchange Commission to exclude Chinese companies from listing on US exchanges if US regulators cannot audit companies for three consecutive years. Since March, the SEC has criticized Alibaba and other Chinese stocks listed in the United States for non-compliance with the new law.

Premarket

Shares of Catalent, a company engaged in the delivery and manufacture of medicines, fell by 5.7% in the premarket, even though the company exceeded estimates on several indicators for the last quarter. But the revenue did not meet analysts' forecasts, which led to a sharp downward movement.

Netflix shares fell 1.5% in premarket trading after news that the company wants to introduce a monthly subscription fee of $7 to $9 for its debut ad-supported service. This compares to the price of $15.49 for the company's most popular current plan without ads.

Walmart's securities are trading rather restrained after the company offered to buy 47% of the South African retailer Massmart for $ 377.6 million. This is 53% higher than Friday's close.

Moderna announced that it had approved the latest version of the Moderna vaccine against COVID-19, which contains both coronavirus strains, but the market ignored this news.

Dell Technologies securities fell 1.0% in the premarket. Now officially, the company producing computer products and services has stopped all operations in Russia after the suspension of sales.

S&P 500 buyers don't have a single chance yet. After Friday's collapse, the main problem for them is the resistance of $ 4,038. Today I advise you to pay attention to this level since the upward correction of the trading instrument depends on its breakdown. In case of further downward movement after the statements of the Fed representatives, the breakdown of $4,003 will open a direct road to the areas of $3,968 and $3,940, where the pressure on the trading instrument may weaken slightly. It will be possible to talk about the growth of the index only after controlling the resistance of $ 4,038. This will open the way to $4,065. This is the only way we will see fairly active growth in the $4,091, where large sellers will return to the market again. At least there will be those who want to fix profits on long positions. A more distant target will be the $4,116 level.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Kemaskini Pasaran Saham AS pada 23 Jun: Indeks Saham AS Ditutup Bercampur, Harga Minyak Meningkat di Tengah Ketegangan Geopolitik

Aliran Menaik di Pasaran Saham AS Bakal Menjunam. Adakah Pasaran Mampu Mengekalkan Momentum Kenaikan Sehingga Akhir Musim Panas?

Kemas kini pasaran saham AS pada 20 Jun. SP500 dan NASDAQ dibuka dengan keuntungan

Pasaran Saham setakat 19 Mei: S&P 500 dan NASDAQ Menurun Selepas Mesyuarat Fed

Ramalan S&P 500 untuk 20 Jun 2025

Kemas kini pasaran AS pada 19 Jun. Rizab Persekutuan menurunkan taraf prospek ekonominya. Pasaran saham menunggu pembetulan

Tenang di Permukaan, Krisis di Dasar: Pasaran Timbang Risiko Minyak, Inflasi dan Ketegangan Timur Tengah

Bermain di Tepi Jurang: Mampukah Pasaran Terus Mengabaikan Geopolitik Sehari Lagi?

Pasaran Saham pada 17 Mei: S&P 500 dan NASDAQ

Kemas Kini Pasaran Saham AS pada 17 Jun

Analisis terbaik