News list for " price drop"
On January 16, Citi released a report that the Hang Seng Index's forecast for earnings growth per share this year has been reduced to 5.1%, compared with 9.4% in January last year and 6.8% in August last year. MSCI China's earnings growth forecast also fell to 9%, down from 14.2% a year ago. The current valuation of Hong Kong stocks gives the Hang Seng Index a price-to-earnings ratio of 8.8 times the forecast price-to-earnings ratio for the coming year, or 1 times the price-to-book ratio, which ...
According to CryptoQuant, Bitcoin's premium on Coinbase fell to its lowest negative level since the FTX crash. FalconX's David Lawant pointed out that such negative readings usually appear at the local bottom of the price and signal a subsequent rise. The Coinbase Premium Index, which measures the difference between the price of Bitcoin on Coinbase and Binance, recently fell to -0.19. This indicates weak investor demand and increased selling pressure in the U.S., in part due to ETF outflows and ...
