MI5 alerts on Chinese woman spy infiltrating UK Parliament

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New Delhi, Jan 14 | MI5, the UK’s domestic intelligence agency, has warned British lawmakers that a woman connected to the Chinese Communist Party (CCP) has been working to interfere in the political process, CNN reported.

MI5 alleges in an alert that Christine Ching Kui Lee has “acted covertly in coordination” with the United Front Work Department (UFWD), of the CCP and is “judged to be involved in political interference activities in the UK”, the report said.

The MI5 “interference alert” said: “We judge that the UFWD is seeking to covertly interfere in UK politics through establishing links with established and aspiring Parliamentarians across the political spectrum.”

The alert also added that Lee has been facilitating “financial donations to political parties, Parliamentarians, aspiring Parliamentarians and individuals seeking political office in the UK, including facilitating donations to political entities on behalf of foreign nationals”, CNN reported.

The UK Company Register lists Lee as a British citizen.

MI5 said that while Lee has said her UK-based activities are “to represent the UK Chinese community and increase diversity”, that those activities have “been undertaken in covert coordination with the UFWD, with funding provided by foreign nationals located in China and Hong Kong”.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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