Investment 15/12/2023

Looking forward to the U.S. interest rate cut next year, the U.S. stock market Dow Jones hit a new high. Hong Kong stocks followed the outside world and opened 190 points higher, rising up to 349 points. The Hang Seng Index reached a high of 16,577 points and was unable to go higher. It closed at 16,402 points, up 173 points or 1%. The technology index closed at 3,698 points, up 12 points or 0.34%. The main board's total trading volume for the whole day was HK$102.2 billion. 

Although Hong Kong stocks rebounded following US stocks, the Hang Seng Index was obviously affected by the decline in A-shares yesterday and rebounded and return immediately, proving that market confidence and atmosphere are not good. However, I believe there is not much room for further declines. Recently, the market has dropped to around 16,000 points, with investors seeking bottom. At this stage, this level is the recent bottom, and it is expected to challenge 17,000 points in the short term.

 The Federal Reserve may cut interest rates by 3/4% next year, and non-US currencies and gold prices will rebound immediately; the Japanese yen hit 140.97 per dollar; the offshore RMB hit 7.1229, a two-week high; the Australian dollar hit a high of 0.67 against the US dollar. 

European stocks developed individually, with British and French stocks closing 1.33% and 0.59% higher respectively, while German stocks fell 0.08%. 

The Federal Reserve's "dove" warning of interest rate cuts sent the Dow Jones Industrial Average soaring 512 points to a new high on Wednesday. The U.S. 10-year bond interest rate fell below 4%. Coupled with the newly released economic data, U.S. stocks continued to rise repeatedly on Thursday, with the Dow Jones Industrial Average rising to a record high. The index once rose to nearly 200 points and set a new record. After opening 25 points higher, the Dow Jones Industrial Average rose 197 points repeatedly, reaching a high of 37,287 points; the S&P 500 once rose 0.67%; the Nasdaq rose as much as 0.83%. 

At the close of the U.S. market, the Dow rose 158 points, or 0.43%, to 37,248 points; the S&P 500 rose 12 points, or 0.26%, to 4,719 points; the Nasdaq rose 27 points, or 0.19%, to 14,761 points.