Investment 9/10/2023

The Hong Kong stock market will be closed this morning due to the typhoon. The Hong Kong Observatory will issue a strong wind signal No. 3 at 11:40 a.m. 

The stock market is expected to resume in the afternoon. Beishui returned this week. Investors sneaked into the market last Friday, but the overall transaction volume continued to be quiet, with less than HK$50 billion for two consecutive days. After HSI opening 156 points higher, It rose as much as 389 points, with the  reaching a high of 17,603 points; it closed at 17,485 points, up 272 points. The HS technology index closed at 3,816 points, up 58 points. The main board's total daily turnover was. HK$ 47.9 billion . 

The Hang Seng Index fell first and then rebounded last week, falling 323 points, or 1.81%, for the whole week; the Stock Exchange Index fell 104 points for the whole week. The Hang Seng Index has been in a downward trend for 33 weeks. It fell from a high of 22,700 on January 27 to a low of 17,094 points on October 4. The decline was 5,606 points, which was seriously oversold. There should be a short-term rebound. If the Hang Seng Index can return to above the 10-DMA (17,528) and maintain it for at least more than 3 trading days, it can be said that the market has initially stabilized and returned to above the 20-DMA  (17,765), which can be confirmed. 

It is expected that the return of North Water this week may boost market transactions, but it is difficult to say that the trend will stabilize. The market outlook still depends on the trend of the RMB, the real estate market and the performance of the mainland economy. On the contrary, it is easier for Bomei stocks to rebound. The U.S. stock market fluctuates, mainly affected by fluctuations in labor data. Sometimes it is stronger, sometimes it is weaker. Strong U.S. non-farm payrolls data released on Friday night is not necessarily a bad thing. Instead, we should pay attention to whether the labor participation rate can rise. If the labor force population rises, it will Salaries relieve stress. 

European stock markets remained stable, with British, French and German stocks rising 0.58%, 0.88% and 1.06% respectively. 

The number of non-agricultural jobs in the United States increased by 336,000 in September, the largest increase since January, significantly more than the expected 170,000 jobs, and far more than expected. The market estimates that the chance of the Federal Reserve raising interest rates again before the end of the year is more than half. Long-term debt yields Hitting another multi-year high, U.S. stocks fell first and then recovered on Friday. The Dow opened 78 points lower, and the decline expanded to 272 points, reaching a low of 32,846. However, the low was sustained. It once soared 438 points, reaching a high of 33,557, and the closing rally narrowed; the S&P 100 had rebounded by 1.55%, and the Nasdaq had rebounded by 1.91% at most. 

At the close of the U.S. stock market, the Dow Jones Industrial Average slowed its gains to 288 points to 33,407; the S&P 500 rose 50 points to 4,308; the Nasdaq jumped 211 points to 13,431.