Investment 23/11/2023

Hong Kong stocks were capped at 18,000 points and were very weak on Wednesday (22nd). The Hang Seng Index opened 2 points higher and then rose and fell, closing at 17,734 points, up 0.7 points, with a full-day fluctuation of only 146 points. The technology index closed at 4,029 points, down 7 points. The main board's total daily turnover was HK$81.1 billion.


 The minutes of the U.S. Federal Reserve's interest rate meeting at the beginning of this month showed that if the anti-inflation progress is ineffective, the Fed will tighten further and maintain restrictive interest rates for a period of time. The remarks are biased towards the hawkish side. However, the market still generally expects interest rates to peak, and it is believed that the impact of the news on US stocks will be limited. As for the Hong Kong stock market, after rising above the 18,000 mark many times since October, the upward trend has been unsustainable and has turned back. It is expected that the Hang Seng Index will continue to fluctuate between 16,800 and 18,300 points this year. 


European stock markets performed individually, with French and German stocks rising 0.43% and 0.36% respectively. Oil stocks were under pressure, and British stocks closed down 0.17%. 


U.S. stocks performed well on Wednesday on the eve of the Thanksgiving holiday. After the Dow opened 101 points higher, the gain expanded to 226 points, reaching a high of 35,315 points; it still closed up 184 points at 35,273 points; the S&P 500 index rose 18 points, its seventh trading day. It was the sixth day of gains since then, at 4,556 points; the Nasdaq, which is dominated by technology stocks, rose 65 points to 14,265 points. 

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