Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Gold Sharply Up, Hits 2-Year High !

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Post by Marine2on Jun 16, 2016 9:08am

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Gold Sharply Up, Hits 2-Year High !

Gold Sharply Up, Hits 2-Year High, On Easy-Money Fed, Safe-Haven Demand

Thursday June 16, 2016 08:35

(Kitco News) - A feature in the entire world marketplace Thursday is the rally in the gold market that has pushed prices to a two-year high of $1,316.80 an ounce, basis August Comex futures. Gold is being supported by the perceived dovish FOMC statement on Wednesday and on safe-haven demand amid wobbly world stock markets and falling world government bond yields. August Comex gold was last up $22.10 an ounce at $1,310.30. July Comex silver was last up $0.267 at $17.775 an ounce.

World stock markets were mostly weaker overnight, amid some keener risk aversion in the marketplace on Thursday. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

Market watchers are still digesting Wednesday afternoon’s FOMC statement and press conference from Fed Chair Janet Yellen. The FOMC statement and Yellen’s remarks were deemed to favor the monetary policy doves.

The Bank of England and the Bank of Japan left their interest rates unchanged, as expected, at their latest monetary policy meetings Thursday. Asian stock markets were lower partly on disappointment the BOJ did not announce further economic stimulus measures at Thursday’s meeting.

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Asia300 - News and Analysis On Listed South Korean Companies Nikkei Asian Review

There are growing concerns about next week’s U.K. vote on whether that country stays in the European Union. Recent U.K. polls show the “leave” camp is leading the “stay” camp, which has created much uncertainty and anxiety in the marketplace—and is helping push safe-haven gold higher and world government bond market yields lower. The survivability of the European Union in its present form could depend on a “no” Brexit vote next week.

U.S. economic data due for release Thursday includes the weekly jobless claims report, real earnings, the consumer price index, the Philadelphia Fed business survey, and the NAHB housing market index.

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