US Shutdown & Rising Risks, Silver Strengthens

Silver prices (XAG/USD) rose to around $49.70/oz during the Asian session, holding in positive territory after hitting a four-decade high. The rise was driven by inflows into safe-haven assets amid uncertainty—from the ten-day US government shutdown, tariff concerns, and geopolitical risks. Solid industrial demand (including renewable energy and electronics) also contributed to the rally. Similarly,…

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Morgan Stanley targets 24,000 for Hang Seng as optimism grows for Chinese stocks

Feb 20 2025, 14:25 (Hong Kong) Morgan Stanley strategists have shifted their stance on Chinese equities, moving from long-standing scepticism to cautious optimism. This notable pivot aligns with Wall Street peers, as expectations grow for a sustainable rally driven by advancements in artificial intelligence and regulatory reforms. The firm’s strategists, led by Laura Wang, now…

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