Investment 29/11/2023

Hong Kong stocks lacked momentum. The Hang Seng Index opened 16 points higher and immediately turned around. In the afternoon, it fell 221 points to a low of 17,303 points. It closed at 17,354 points, down 170 points or 0.97%. The technology index closed at 4,000 points, down 31 points or 0.77%. The main board's total daily turnover was HK$95 billion. 


Amid expectations that interest rates will bottom out, U.S. stocks have performed well recently. However, due to the large number of Chinese listed companies in Hong Kong stocks and the slowdown in mainland economic growth, the upward momentum of Hong Kong stocks has been limited. The trading volume continues to be weak. The Hang Seng Index currently mainly fluctuates between 16,800 and 18,300 points, and there is currently limited room for market entry operations. 


The three major European stock market indexes developed individually, with British and French stocks falling 0.07% and 0.21% respectively, while German stocks closed up 0.16%. 


Looking forward to the end of the interest rate hike cycle, U.S. stocks rose again  on Tuesday. After opening flat, the Dow Jones Industrial Average rose and fell within a narrow range, and then started to rise. It once rose 185 points, reaching a high of 35,518 points; the S&P 500 Index once rebounded by 0.39%; the Nasdaq Index fell first and then rebounded. 0.44%. 


At the close of the U.S. market, the Dow rose 83 points, or 0.24%, to 35,416 points; the S&P 500 rose 4 points, or 0.1%, to 4,554 points; the Nasdaq rose 40 points, or 0.29%, to 14,281 points. 

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Investment 24/4/2026

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