Core Viewpoint - Recent fluctuations in international gold prices have led to a significant drop, with prices falling approximately 8% in two days, resulting in a market value loss of over $2.5 trillion. This decline is viewed as a technical correction following a prolonged period of price increases and an overbought market condition [1][2]. Group 1: Price Movements - Since September, international gold prices have been on the rise, reaching a historical high of $4,014.60 per ounce on October 7, and peaking near $4,390 per ounce on October 16. Year-to-date, gold prices have increased by nearly 60% [1]. - The recent drop in gold prices is attributed to profit-taking by investors, a strong U.S. dollar, easing geopolitical tensions, and optimistic expectations regarding trade disputes [2]. Group 2: Market Analysis - Analysts suggest that the recent price drop is a typical "technical correction," with the market having been in an overbought state for an extended period. The sharp rise in prices has led to a crowded bullish market, prompting expectations of selling [2]. - Most market institutions predict that gold prices will likely remain high in the short term, with a potential for consolidation, while the long-term upward trend is expected to continue [2][3]. Group 3: Future Outlook - Goldman Sachs views the recent decline as a technical correction, asserting that the long-term macroeconomic factors driving gold prices upward remain unchanged [3]. - Morgan Stanley believes the price drop is a short-term adjustment rather than the end of a bull market, supported by ongoing central bank purchases, geopolitical risks, and high sovereign debt levels [3]. - Standard Chartered has raised its average gold price forecast for 2026 from $3,875 to $4,488 per ounce, citing increasing global uncertainty and strong demand for gold investments as key drivers [3].

Core Insights - Standard Chartered's global head of digital asset research, Geoffrey Kendrick, predicts that Bitcoin will "inevitably" drop below the psychological threshold of $100,000 by the end of this week [1] - Any decline is expected to be temporary and may represent the last time the market experiences a drop below this level in its history [1] Summary by Categories - **Market Prediction** - Bitcoin is anticipated to fall below the $100,000 mark imminently [1] - **Market Behavior** - The expected decline is viewed as a temporary setback [1] - This may be the final occurrence of Bitcoin dropping below the $100,000 threshold in the market's history [1]

Core Viewpoint - Standard Chartered Bank analyst Geoff Kendrick suggests that Bitcoin may temporarily dip below the $100,000 mark due to recent sell-offs triggered by trade tensions, although this downturn may not last long [1][2]. Group 1: Market Analysis - The potential drop below $100,000 is seen as "inevitable" in the short term, with the sell-off likely being brief [1][2]. - The rebound of Bitcoin may be influenced by the movements in gold prices, as a recent sharp decline in gold prices coincided with a brief rebound in Bitcoin [1][2]. - There is a possible trend of "selling gold and buying Bitcoin," which could continue in the medium term [1][2]. Group 2: Technical Indicators - Bitcoin has remained above its 50-week moving average since the beginning of 2023, indicating a potential buying opportunity if it dips below $100,000 [1][2].

Core Viewpoint - Bitcoin's price is expected to dip below $100,000 before potentially reaching a year-end target of $200,000, according to Standard Chartered's Geoff Kendrick [1][2]. Price Movement - Bitcoin's current price is approximately $108,200, having fallen about 12% from its all-time high of $126,000 over the past 16 days [2]. - The asset has experienced a significant drop, reaching as low as $104,800 since its peak [3]. Market Dynamics - The recent price decline is attributed to a "fear-driven selloff" influenced by tariffs and trade tensions between the U.S. and China [2]. - Historically, October and November have been strong months for Bitcoin, with average increases of 19.8% and 46% since 2013 [2]. Comparisons with Gold - Gold has outperformed Bitcoin in recent months, but a recent sharp selloff in gold coincided with a bounce in Bitcoin prices, indicating a potential shift in investor behavior [3][4]. - Gold's price has dropped significantly, from a record $4,381 per ounce to around $4,075 per ounce [4]. Industry Developments - FalconX is set to acquire 21Shares, marking a significant deal in the crypto industry [5]. - Analysts noted that Bitcoin was outperforming gold as geopolitical tensions eased and companies reported strong third-quarter earnings [5].

Core Viewpoint - Standard Chartered analyst Geoff Kendrick suggests that Bitcoin may weaken further in the short term due to concerns over trade tensions, with a potential drop below $100,000 appearing inevitable despite the sell-off possibly being short-lived [1] Group 1: Market Trends - The recent sell-off in Bitcoin is linked to trade concerns, indicating a broader market reaction [1] - Bitcoin briefly rebounded when gold prices sharply corrected, suggesting a potential trend of "selling gold and buying Bitcoin" that may persist in the medium term [1] Group 2: Price Analysis - Bitcoin has remained above its 50-week moving average since the beginning of 2023, indicating a strong support level [1] - A drop below $100,000 could present a buying opportunity for investors [1]

Core Viewpoint - Standard Chartered Bank has raised its forecast for Hong Kong's economic growth for the year to 2.8%, approaching the upper limit of the Hong Kong SAR government's prediction of 2% to 3% [1] Economic Growth Forecast - The bank revised its full-year economic growth forecast for Hong Kong from 2.2% to 2.8% [1] - Growth predictions for the third and fourth quarters have been increased to 3.2% and 1.8%, respectively, which is 1% higher than previous estimates [1] Business Sentiment and Economic Indicators - Business sentiment in Hong Kong improved in the third quarter, supported by stable export growth from July to August, ongoing retail sales recovery, active financial markets, and signs of stability in the property market [1] - These factors reflect a relatively stable external environment positively impacting economic growth [1] Trade Relations and Risks - Despite the resurgence of the US-China trade conflict in the fourth quarter, the bank believes the risk of retaliatory actions similar to those in April is low [1] - Ongoing dialogue between the two parties may extend the trade truce and lead to more agreements [1] Local Economic Challenges - The local economy faces risks from potential ongoing US-China trade tensions, diminishing export effects, and delayed impacts on the local labor market [1] - However, robust economic growth in mainland China, projected at 4.9% for the year, along with government support measures, may alleviate some adverse factors [1]

Group 1 - The 20th Central Committee's Fourth Plenary Session will review the suggestions for the 15th Five-Year Plan, emphasizing innovation to enhance total factor productivity amid aging population and external complexities [1] - China is expected to increase investments in renewable energy to maintain its leading position and achieve carbon peak before 2030 [1][3] - The government is likely to implement measures to stimulate domestic demand, including income redistribution and further opening of the service sector [1][3] Group 2 - China's investment in R&D is yielding returns, with the country projected to become the 10th most innovative economy by 2025 [2] - The government will leverage its annual pool of 5 million STEM graduates and increase investments in AI, quantum computing, integrated circuits, biotechnology, humanoid robots, and renewable energy [2] - The emphasis will be on maintaining the manufacturing sector's share of the economy while transitioning from "Made in China" to "Created in China" [2] Group 3 - The green development agenda will remain a key component of industrial transformation, with annual targets for the "dual carbon goals" expected [3] - Investment will continue in renewable energy sectors such as wind, solar, hydrogen, smart grids, and electric vehicles [3] - The government will focus on improving residents' employment and income to boost consumption and reduce precautionary savings [3][4] Group 4 - There is strong demand for service consumption in areas like education, healthcare, and tourism, with the government opening the service sector to private and foreign capital [4] - The government is addressing issues of "involution" and disorderly competition, with plans to avoid redundant investments and reduce excess capacity [5]

格隆汇10月22日丨渣打集团(02888.HK)发布公告，2025年10月21日耗资746.31万英镑回购53.60万股，每 股回购价13.86-14.07英镑。 ...

渣打集团(02888)发布公告，于2025年10月21日斥资746.31万英镑回购53.6万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年10月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫 ...