Investment 30/11/2023

Hong Kong stocks fell below the 17,000-point mark on the futures settlement day. The Hang Seng Index opened 4 points higher and fell immediately. It fell 472 points in the afternoon and reached a low of 16,881 points, close to the low of 16,879 points a month ago. It closed at 16,993 points, down 360 points or 2.07%. It fell 917 points or 5.1% in four consecutive days.  The technology index closed at 3,910 points, down 90 points or 2.25%. The main board's total daily turnover was HK$130.1 billion. 

The proportion of CBBCs on the street shows that the heavy holdings of CBBCs have moved down to 17,000 points. Large investors may take advantage of this situation to further push the index lower, and the Hang Seng Index may try to cross 17,000 points again. In fact, after the Hong Kong stock market rose above the 18,000 mark many times in recent months, the upward trend was unsustainable and turned back. It is believed that this trend will continue to repeat this year, and the Hang Seng Index will continue to fluctuate between 16,800 and 18,300 points. 

European stock markets developed individually, with financial stocks under pressure, dragging down British stocks by 0.43%, while French and German stocks rose by 0.24% and 1.09% respectively.

 The U.S. economy in the third quarter was revised upwards and inflation indicators were lowered, which enhanced the market's confidence in a soft landing for the economy. U.S. stocks showed individual trends on Wednesday. After the Dow opened 19 points higher, the increase expanded to 162 points at most, reaching a high of 35,579 points. It closed slightly upward. Good; the S&P 500 once rose 0.72%, and the Nasdaq once rose 0.99%, with both indexes closing on the soft side. 

At the close of the U.S. market, the Dow rose 13 points to 35,430 points; the S&P 500 fell 4 points, or 0.09%, to 4,550 points; the Nasdaq also fell 23 points, or 0.16%, to 14,258 points.