Investment 21/11/2023

The RMB rose to its highest level in more than three months, driving a rebound in Hong Kong stocks. After opening 171 points higher, the Hang Seng Index rose by up to 334 points, reaching a high of 17,788 points; it closed at 17,778 points, up 323 points; the Technology Index returned to the 4,000-point mark, closing at 4,077 points, up 97 points. The main board's full-day turnover was HK$106.3 billion. 


Last week, the heads of state of China and the United States met. The 10-year bond interest rate fell, and the RMB exchange rate surged. The FOB price against the US dollar (CNH) once rose by 575 points, reaching a high of 7.1629 yuan. The news was generally positive, but Hong Kong stocks When it reaches 18,000 Pass, it will be blocked and fall back. This week, the market continues to pay attention to the release of heavyweight blue-chip stocks and the minutes of the U.S. Federal Reserve's interest rate meeting, which will inspire the process of interest rate hikes. Hong Kong stocks are expected to maintain an up and down pattern, with the Hang Seng Index consolidating between the 20-DMA (17,436) and the 100-DMA (18,250). Mainly, wait and see whether the good news will drive the market to rebound further. 


European stock markets performed individually, with British and German stocks falling 0.11%, while French stocks rose 0.18%.


 The U.S. Thanksgiving holiday is approaching, and U.S. stocks turned upward on Monday. The Dow Jones Industrial Average rose steadily, driven by the rise in the share prices of Boeing and Microsoft, rising more than 200 points; the Nasdaq jumped more than 1%, spurred by the record high share price of Nvidia. . After the Dow opened 14 points lower, it rose as much as 280 points in the end, reaching a high of 35,227 points; the S&P 500 once rose 0.95%, and the Nasdaq, dominated by technology stocks, once rose 1.3%. 


At the close of the U.S. stock market, the Dow still rose 203 points to 35,151 points; the S&P 500 rose 33 points to 4,547 points; the Nasdaq rose 159 points to 14,284 points. 

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