China stocks ended lower on Friday, weighed down by concerns over hawkish comments from top Federal Reserve officials, and U.S. delisting risks for Chinese companies.To get more shanghai stock market news, you can visit shine news official website.
The blue-chip CSI300 index fell 1.8%, to 4,174.57, while the Shanghai Composite Index lost 1.2%, to 3,212.24.
The U.S. public company accounting regulator said on Thursday that it continued to engage with Chinese regulators about getting access to their auditors' records, but it remained unclear if the Chinese government would grant the access required by a new U.S. listing law.
China's securities regulator had said earlier this month that it was confident it would reach an agreement with U.S. counterparts on securities supervision, after U.S.-listed Chinese stocks tumbled as the first Chinese firms to be potentially de-listed were named.
Last week, Chinese Vice Premier Liu He said Beijing would roll out support for the domestic economy and financial market, sending Chinese and Hong Kong stocks higher initially.
Following the speech, "some actions have been taken by different agencies but the market is still waiting for more concrete actions in monetary, ADRs, real estate, big tech, etc.," Citi analysts said in a note.
Chicago Fed President said on Thursday the Fed needed to raise interest rates "in a timely fashion" this year and in 2023 to curb high inflation before it was embedded in U.S. psychology and became even harder to get rid of.
Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are cross-border investment channels that connect the Hong Kong Stock Exchange with the mainland market. Under the program, investors in each market are able to trade shares on the other market using their local brokers and clearinghouses. The Shanghai-Hong Kong Stock Connect was officially launched on November 17, 2014, and the Shenzhen-Hong Kong Stock Connect was officially launched on December 5, 2016. Both channels use the RMB for transactions.
After the smooth implementation of the Shanghai-Hong Kong stock connect and Shenzhen-Hong Kong stock connect, the internationalization level of the mainland stock market has been greatly improved, and nearly RMB 2 trillion (US$308 billion) of mainland capital has been brought to the Hong Kong market, according to Cai’s speech at the Boao Forum this year. Hypothetically, if we regarded the Shanghai/Shenzhen/Hong Kong Stock Connect as a single independent exchange, its trading volume in the first quarter of 2021 would rank seventh among the global exchanges.
Shanghai-London Stock Connect
The Shanghai-London Stock Connect was launched on June 17, 2019, at the London Stock Exchange (LSE) to facilitate a new level of capital cooperation between China and the UK, two of the world’s largest economies. Under the Shanghai-London Stock Connect, qualified companies satisfying the listing qualifications in both markets may issue depositary receipts and list and trade on the other markets.
Political tension between the two countries came to a head in 2019 due to the British government’s response to anti-government protests in Hong Kong, leading to rumors that the Stock Connect program had been halted. However, despite rumors that the Shanghai-London Stock Connect was suspended, the China Securities Regulatory Commission affirmed that the Connect was in fact operating normally since its inception.
Shanghai reportedly aims to have zero COVID-19 cases outside of its quarantine centers by Wednesday, in what could be a turning point for the city’s strict “no tolerance” lockdowns that’ve left residents increasingly frustrated.To get more news about shanghai covid cases, you can visit shine news official website.
The target will allow the city to further ease its lockdown and start returning to normal life, two sources familiar with the matter told Reuters.
In order to meet the goal Wednesday, officials will accelerate COVID testing and the transfer of infected residents to quarantine centers, according to a speech by a local Communist Party official.Shanghai imposed strict lockdowns in response to an outbreak driven by the Omicron variant. Since the surge began in early March, the city has counted 320,000 cases.
Under the “no tolerance” policy, only healthcare workers, volunteers, delivery personnel and those with special permission are able to move freely.
The strict rules mean that quarantined residents have to order in food or wait for government drop-offs of vegetables, meat and eggs, BBC reported.Frustrated Shanghai residents, however, have expressed anger on social media over what they say are shortages of food and other items.
Footage posted to Twitter showed people in the locked-down city banging pots on their balconies and chanting, “We want supplies,” France24 reported.Shanghai reported the first fatalities from the city’s current wave of Covid-19, just as local authorities embarked on a plan to gradually restore production and business activity in China’s commercial centre after more than two weeks of lockdown.
New cases in Shanghai fell 10.4 per cent to 22,248, according to data released on Monday, while those showing symptoms declined by 25 per cent to 2,417 cases. The three deaths were among 16 “severe cases” of Covid-19 infections, all of them unvaccinated elderly residents with underlying ailments.
Declining daily cases for the second time in six successive days undergird the government’s push to restore transport links between provinces to ease the pressure on supply chains in the world’s second-largest economy.
Shanghai is on track to resume production at key manufacturing sites after a 16-day citywide lockdown, succumbing to pressure from foreign diplomats, business groups and multinational firms calling for an easing of anti-coronavirus control measures.
Major companies in the fields of automobiles, semiconductors and biomedicines are to submit detailed plans about guarding against the spread of Covid-19 for the local health authorities to review before they are given the go-ahead to resume operations in the so-called closed-loop conditions, the Shanghai Commission of Economy and Information Technology said on Saturday evening.
Saturday’s statement is the first step taken by mainland China’s commercial and financial capital to relax controls on manufacturers, most of which have idled facilities since the beginning of April.
“Shanghai’s anti-coronavirus control and prevention measures have dealt a huge blow to the automotive industry alone,” said David Zhang, a researcher at the North China University of Technology. “The lockdown brought nearly all the thousands of automotive supply-chain firms based in Shanghai to a standstill. This is a serious problem that needs to be tackled as soon as possible.”
The decision to ease the lockdown comes despite the continued spread of the highly transmissible Omicron variant of Covid-19. Shanghai added 24,820 new Covid-19 cases, 3,238 of them symptomatic, on Sunday. The city’s total number of infections has now topped 350,000 since the outbreak began on March 1.
Wu Jinglei, director of the Shanghai health commission, told a press briefing on Sunday that another round of mass testing would be conducted in the coming days to detect infections and cut transmission chains, as the city remained adamant about achieving its zero-Covid goal. The city has conducted at least nine rounds of citywide mass testing on all of its 25 million residents since April 3.
The city’s government has vowed to detect all Covid-19 cases outside “lockdown areas” and quarantine them to cut transmission chains in a five-day campaign that started on Saturday, said two local government officials who did not want to be identified. The lockdown areas comprise hospitals, quarantine sites and high-risk residential compounds sealed off because at least one infection was found there in the previous seven days.
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Best barbecue: It doesn’t exist. I love barbecue. Last year I went to the annual barbecue festival in Memphis, and I saw how it’s really done. This week, in response to news that Debat faked not only his credentials but entire interviews, ABC has opened a second, more extensive investigation into all the stories he touched. But unlike The New York Times after Jayson Blair or USA Today after Jack Kelly, ABC is working internally and has no plans for an outside investigation. Jeffrey Schneider is senior vice president and spokesman for ABC News.To get more news about nfl custom, you can visit custom-nfljersey.com official website.
Cheap Jerseys china Perhaps the wrong woman found your bag today. I spend my days campaigning for cleaner seas, I run an organisation here in Bristol called City to Sea, coming up with campaigns and ideas that inspire people to change the way we use and dispose of single use plastics. Plastics that might get left behind in a park, get blown on to the streets and harbour, wash down storm drains and end up in the sea, where, I’m sad to say, it’s looking likely that there’ll be more plastic than fish in it by the time you’re around 50. Cheap Jerseys china
Cheap Jerseys free shipping Once he struck her, then the pursuit continued.”HOW IT ENDEDPolice say the chase led to an area near Cottage Hill Road and Pesnell Court.They say Perry ran into a guard rail and surrendered.But, why did police continue a chase along a busy street?Young said, “ this pursuit because the victim life was in immediate danger. We could not have discontinued that pursuit because, obviously, the suspect intended to harm that victim, and I don think there a Mobilian out there that would cheap jerseys want us to allow a man trying to harm a woman.”He had a traffic warrant out for a suspended drivers license.All content 2015, WALA; Mobile, AL. (A Meredith Corporation Station).
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Cheap Jerseys china Door knock your local communityThis works best in small towns and suburbs. We designed a sign advertising our event and then visited all the local business in the nearby area asking them to display it in their windows. While we were there we asked if they would like to contribute to the event in return for the opportunity to place some advertising at the event and appear in our next newsletter Cheap Jerseys china.
New Jersey Devils’ Lunar New Year jerseys raise Nazi flag comparisons
The New Jersey Devils raised more than a few eyebrows Tuesday after revealing a new set of warm-up jerseys ahead of their game against the Toronto Maple Leafs.To get more news about jerseys cheap, you can visit custom-nfljersey.com official website.
To commemorate the Chinese Lunar New Year holiday, the team wore the bright red jerseys, which featured a stylized “fu” character — a symbol of good fortune — as well as a black Devils logo, crafted in the style of Chinese calligraphy.
And while there’s no doubt that the jerseys were created with good intention, some people couldn’t help but notice the logo bears a resemblance to that of Nazi Germany.
The jerseys were designed by local New Jersey artist Caren King Choi, who shared some of her thought process behind the designs and clearly put a lot of effort into making sure they were a full celebration of Chinese culture.
Choi said she drew inspiration for the jersey from her “experience growing up in America as a person of colour.”
“It took me a long time to feel as though I had permission to be myself and not a version of Asian-American that I saw in books and movies,” she’s quoted as saying on a post on the Devil’s Twitter account.
Plenty of people also applauded Choi for her design, however, and some asked the team to make them available for purchase.
And, to be fair, the jerseys look a lot less ominous when they’re not hanging all in a row, resembling the Brandenburg Gate during the Second World War.
Daily Market Lookup
The U.S. dollar weakened in early European trade Thursday, retreating from a two-year high as the rally in U.S. bond yields paused for breath, ahead of a highly-anticipated European Central Bank meeting. The benchmark 10-year Treasury yield traded at 2.684% early Thursday, retreating from Tuesday's high of 2.836% as weaker than expected U.S. core consumer inflation reined in some expectations of more aggressive Federal Reserve tightening to combat inflation later in the year. Still, most attention Thursday will be on the European Central Bank meeting later in the day, to see whether the policymakers feel the need to combat record inflation levels even in the face of a potential war-induced recession. As it stands the ECB plans to end its emergency bond buying at some point in the third quarter, with interest rates going up "some time" after that. This would be the fourth meeting in a row that the central bank has decided against raising interest rates after, under pressure from President Recep Tayyip Erdogan, it halted a series of rate cuts at the end of last year.To get more news about kot4x, you can visit wikifx.com official website.
The dollar lost ground against most major peers on Thursday, falling from two year peak hit overnight, as U.S. yields paused their march higher after U.S data released earlier in the week showed inflation lower than some analysts had feared. Even the battered yen had some respite, making a small recovery from a 20-year low hit overnight, though analysts reckoned the yen's tone remained weak. Otherwise, investors were awaiting a European Central Bank meeting later in the day, to see whether it was as hawkish as some of its global peers, after a spate of rate increases in recent days. However, while high, these were not quite as bad as some had feared, which observers said caused yields to pause. Other central banks reinforced the hawkish global mood ahead of the ECB meeting. Earlier in the day, the Bank of Korea, surprised markets with a rate hike, and the Monetary Authority of Singapore also tightened policy. The pause in yields meant the Japanese yen managed a small recovery in U.S. trade which continued into early Asia. It was last at 125.37 per dollar, having fallen to a 20 year low of 126.31 on Wednesday. More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.
Gold was down on Thursday morning in Asia. However, the yellow metal was set for a second consecutive weekly gain as the war in Ukraine and broadening inflationary pressures give the safe-haven metal a boost. The benchmark 10-year Treasury yield fell on Wednesday, following steady gains earlier in the month as investors bet that the U.S. Federal Reserve would aggressively tighten monetary policy to curb high inflation. In Asia Pacific, the People's Bank of China (PBOC) is expected to cut the one-year policy loans interest rate on Friday, its second time doing so in 2022 to date. PBOC is also expected to lower the reserve requirement ratio soon The Bank of Korea hiked its interest rate to 1.5% as it handed down its latest policy decision. Investors now await the European Central Bank's policy decision, due later in the day. Meanwhile, the war in Ukraine, ongoing since the Russian invasion on Feb. 24, continues. The U.S. on Wednesday said that it would send an additional $800 million in military assistance to Ukraine, ahead of the widely expected Russian attack on the eastern part of the country.
Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Both contracts on Wednesday had shrugged off a large build in U.S. crude inventories to end the trading session roughly 4% higher The International Energy Agency on Wednesday warned that from May onwards roughly 3 million barrels per day of Russian oil could be shut-in due to sanctions or voluntary embargoes At the same time, major global trading houses are also planning to curtail crude and fuel purchases from Russia's state-controlled oil companies in May, Reuters reported on Wednesday. The probability of a EU ban on Russian oil being agreed may be almost zero, but no one will be able or wanting to say that clearly, Vandana Hari, founder of oil market analysis provider Vanda (NASDAQ:VNDA) Insights said. Despite signals that global supply disruption will persist, oil stocks in the U.S. rose by more than 9 million barrels last week, the U.S. Energy Information Administration said on Wednesday, driven in part by releases from the nation's strategic reserves. Analysts in a Reuters poll had anticipated just an 863,000-barrel build. U.S. gasoline stocks fell 3.6 million barrels last week, far above anticipated levels, and distillate inventories also declined.
Videforex is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.To get more news about my forex funds, you can visit wikifx.com official website.
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This week so far has definitely been about the USD. Price has seen solid gains so far, with the index adding 0.98% and hitting a new weekly high of 99.65.To get more news about fusion markets, you can visit wikifx.com official website.
Inflation worries in the US, followed by aggressive comments from the Fed regarding rate increases to combat soaring inflation, have been the key driver. US inflation hit40-yearadjustment to try and get it under control. Inflation is now a widespread issue, with Europe, Britain and Australia feeling the pinch.
Today we are focusing on the USDCAD as a higher USD, and weaker oil prices continue to support buying. The price broke out of its mini range yesterday, and buyers have followed up on the break with new weekly highs today. Today's move also confirms the breakout. Price started its move from a solid-looking foundation after forming a range off a well-established support area.
Looking forward, if this is a true move higher, we would like to see if buyers can get the price back up to 1.2626. This area is a previous low and could develop into resistance. What we don't want to see is a new move by sellers pushing price back into the range or back down to support. This could become a failure break and set up new downward pressure.
The information provided here has been prepared by Eightcap's team of analysts. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and do not reflect the opinions of Eightcap.
Today we're looking at AUDUSD after the price failed once again to hold above .75 cents. The newest rejection also lines up with key resistance that also continues to hold buyers at bay.
Price failed at 75 cents for a fifth time today, reinforcing the current supply area. Above this area, we also have key resistance at 7540-7540. This level has been in play since July 2021, and for now, it is proving to be a significant sticking point blocking buyer's momentum. Today, sellers so far hold control, and the AUD has led the losses out of the three primary risk majors, dropping 0.50% to today's low.
Price, for now, is setting up a new consolidation pattern with support seen at 7465. This is the area sellers need to break to get a new leg going. A move through this level could set up a new pushback into areas between support and the main trend line retracement point of view, with the idea buyers will look at regaining control. It's the next move that matters as if they can't reach/break supply and resistance. This could be early signs a more significant shift in momentum is developing.
Traders will be watching tomorrow's US employment data as this could impact the USD and, in turn, impact the AUDUSD. The data is due Friday at 11:30 pm AEDT.
Today we are looking at the AUDUSD as sellers look to be pushing at a new extension lower. After yesterday's rally stalled at resistance so far today, we have seen momentum squarely back with sellers.To get more news about beurax, you can visit wikifx.com official website.
Overall price remains in a long-term uptrend, but since the last April high was put in, buyers have struggled to get momentum going with a charging USD continuing to pressure the AUD. Despite Australian inflation pressure and talk of rates increasing in June, this is overshadowed by 40-year high inflation in the States and Fed members vowing to act.
Since that high, we have watched a new downtrend develop with price making its first leg lower, returning to 0.74. Yesterday we did see a fightback, but that was stopped by resistance and supply that remains around the .7450-.7480 area.
Today's rally was also stopped by this supply level and has started to develop into a trigger bar. If sellers can break minor support, we will continue to look for a continuation lower, maintaining the current downtrend. The big test if the price makes a new push lower is the long-term uptrend. Will it stop sellers and start a new continuation point for buyers?
This could be a critical crossroads for the longer-term picture, and we feel a lot will come down to the current situation with US inflation, their rates policy and demand for commodities. Covid continues to run rife in China, and if the situation continues, this could also have a knock-on effect on demand.
The information provided here has been prepared by Eightcap's team of analysts. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and do not reflect the opinions of Eightcap.
In addition to the disclaimer on our website, the material on this page does not contain a record of our trading prices, or represent an offer or solicitation for a transaction in any financial instrument. Eightcap accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
Please note that past performance is not a guarantee or prediction of future performance. This communication must not be reproduced or further distributed without prior permission.
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Today we're looking at the GBPUSD as buyers continue to hold firm and now only face one level of resistance both they can get the new uptrend back on track.
We've seen recently that fair ups support the USD, and any new escalations could drive the USD higher, which would hurt the GBPUSD. T-note yields are another constant factor, but yields have settled for now. However, new highs could once again break risk pairs, including the GBPUSD.
US inflation and UK inflation
US inflation and rate rises could be factored in unless we see a new spike. The minutes didn't do much to drive the USD this week, while a recent increase in UK inflation supported the GBP yesterday, giving the GBPUSD a nice boost in Wednesday's session.
Let's look at some of the technicals we're watching on the GBPUSD chart with that in mind. For now, we see the price stuck in consolidation with support and resistance currently holding the price. Overall we can see two new uptrends in play in short and medium times. Price also sits above all three moving averages, and the short term MAs are trading above the 86 MA.
While support remains firm, we will continue to look for buyers to push at a new continuation. The key to this is a break above the two resistance points. This could confirm a new breakout and suggest that the medium-term trend could continue. A break below support and a move back to the new Med-trend would be a small warning sign, and further evidence would be required before thinking that the trend will continue.
The city's skyline is set to become more glamorous in the years ahead with builders adding crowns to their developments. A commercial building along EM Bypass is set to get a 20m crown, the tallest in the city. Another 30-storey mix-use building being developed in New Town's Fintech Hub will sport a spire.To get more news about traders domain, you can visit wikifx.com official website.
A purely aesthetic element, the concrete and steel crown atop Ideal Unique Centre near Science City will resemble a real crown, with the base measuring 36.3m and the top 45.7m. "The crown will make the building an architectural landmark and add to the city's skyline," said Ideal group director Nakul Himatsingka. KMC's buildings department has recently sanctioned the increase in the building's elevation from 28th floor to the 31st floor.
The Vertical City in New Town, whose construction is set to begin later this year, will have a spiral crown on top with a viewing deck just below it. "The 100ft crown that will adorn the building will celebrate the verticality, reaching skyward," said architect Dikshu Kukreja.
Several other buildings in the city also sport the design element, including various Mani group projects, like Tirumani in Ballygunge Phanri and Vivara next to JW Marriott on EM Bypass, as well as Ideal group project Ideal Heights in Sealdah that was also designed by Hafeez Contractor, the same architect who designed the elevation for Ideal Unique Centre.
Developers of The 42 on Chowringhee, the city's tallest skyscraper, had also aspired for a crown, but aviation nod proved a hurdle.
Pushyamitra Londhe, associate architect of Hafeez Contractor, said the crown was a decor element designed to ensure that a tall building did not end abruptly. "A crown adds to the beauty of the building," he said. The Imperial Towers building in Mumbai, also designed by Hafeez Contractor, sports a crown as well.
Mani Group managing director Sanjay Jhunjhunwala said the crown atop a building served to break the monotony of a monolithic concrete structure that stops the viewer's eyes from wandering up into the sky. "When people look up at high-rises, a crown halts the movement upwards and then one looks down again at the building," he said.
Architect Abin Chaudhuri felt the crown on a building also pampered the architect and the developer's ego by pushing the height barrier up. "These are non-functional high-rise elements that can be a standout feature. In skyscrapers, spires are added to make them the tallest buildings. In others, a viewing deck is added from where people can get a panoramic view of the city," he said.
To architect J P Agarwal, the crowns also lend character to the city skyline, like in New York. "The concept started over 90 years ago with the Chrysler Building and Empire State Building in Manhattan, New York. Now, it is popular all over the world," he said.