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FINANCE Wednesday 6th JULY

The CSX Index is currently at 486.08 Points down 1.77 Points or 0.36%

Bank of Cambodia Daily Exchange Rate is: 4,075 KHR to the USD$

CHINA'S HOG FUTURES HIT ONE-YEAR HIGH.

The price of the dominant contracts of hog futures on the capital market rose to a new high of this year on Monday, topping 22,755 yuan (about 3,399.5 U.S. dollars) per ton.

The hog futures market opened in a bullish mood on the day, and hit a limit-up during intra-day trading, with the dominant 2209 contracts closed at 22,695 yuan (about 3,390 U.S. dollars) per ton, up 7.71 percent over the close on Friday last week.

The pork price in northeast China's Liaoning Province, the country's main producer and consumer of pork, hit 21.8 to 22 yuan (about 3.26 to 3.29 U.S. dollars) per kilogram on Monday, up 1.4 yuan compared with last Friday. On the same day in central China's Henan Province, the pork price was 21.6 to 22 yuan (about 3.23 to 3.29 U.S. dollars) per kilogram, up 1.4 yuan over last Friday.

Cambodian prices have also been on a roller-coaster ride of the last two years. Market prices for Cambodia live pigs have varied across the years. Before 2019, a kilo of live pigs was going for US$5.35 in 2017 and US$5.10 in 2018. In 2019 the export price changed to $5.00 per kilo, by -1.937%.

In 2022, the approximate price range for Cambodia Live Pigs is between US$ 5 and US$ 5.1 per kilogram.

DOLLAR REIGNS AS INVESTORS FEAR RECESSION PAIN.

Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the continent is leading the world into recession, while oil and European equity futures made a wobbly attempt to steady.

Brent crude futures have slid this month on worries that a global slowdown will sap demand. Prices slumped 9.5% to a 2-1/2 month low of $101.10 on Tuesday, before bouncing slightly to $103.86 a barrel in the Asia session on Wednesday.

MSCI's index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 1%, led by a 2% drop for Taiwan's benchmark index (.TWII) - heavy with growth-sensitive computer chip makers - which hit an 18-month low. Japan's Nikkei (.N225) fell 1.1%.

S&P 500 futures fell 0.1% while FTSE futures and EuroSTOXX 50 futures rose 1% after heavy Tuesday selling.

Treasuries were steady in Asia with the 10-year yield at 2.8327% and the two-year yield at 2.8385%. Bitcoin , which has been demolished in the flight from risky assets, sat at $20,115.


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