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About: lishitong

Recent Posts by lishitong

First Republic Bank’s $100B Deposit Withdrawal Spurred Market Concerns

To improve its financial condition, the bank’s management considered selling assets worth between $50 billion to $100 billion In Q1 2023, First Republic Bank experienced a significant decrease in its revenues, net profit, and deposits. Customers withdrew over $100 billion in deposits, causing a 50% drop in FRC shares in just one day. To improveContinue Reading

Wall Street Rally Boosts Asian Equities

Markets now hang in balance with the future of First Republic Bank on contagion concerns Wall Street’s gained at the end of last week as investors waited for news on a bid for First Republic Bank. Japanese and Australian stocks edged higher, while U.S. futures were broadly flat in early Asian trading after the S&PContinue Reading

Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming May holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that in the event of reduced liquidity inContinue Reading

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