╭𝕸𝖔𝖔𝖓𝖑𝖎𝖌𝖍𝖙 𝕬𝖗𝖊𝖆࿔

╭𝕸𝖔𝖔𝖓𝖑𝖎𝖌𝖍𝖙 𝕬𝖗𝖊𝖆࿔

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The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. These entities are reportedly operating nine Telegram channels with more than five million subscribers to whom they were making recommendations on selected listed scrips. Such recommendations induced the investors to deal in the said scrips, thereby creating artificial volume and price rise. For tech stocks, “the main thing is yields,” Essaye said. Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation. The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp.
╭𝕸𝖔𝖔𝖓𝖑𝖎𝖌𝖍𝖙 𝕬𝖗𝖊𝖆࿔ from sg

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🥡⋮𝒢ℯ𝓉 : 𝑀𝑎𝑦 𝟞,2020

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