Investment 12/1/2024

Hong Kong stocks finally rebounded after falling for seven days in a row. The Hang Seng Index opened 56 points higher and then expanded its gains, rising up to 362 points to a high of 16,459 points. It closed at 16,302 points, up 204 points or 1.27%. The technology index closed at 3,503 points, up 74 points or 2.18%. The main board's total daily turnover was HK$93.7 billion. 

The market's expectations for a U.S. interest rate cut have cooled, and U.S. bond interest rates have regained strength, bringing adjustment pressure to the stock market. However, the overall correction is not large. It is believed that U.S. stocks will maintain a pattern of large gains and small retreats. As for the Hong Kong stock market, which has been languishing recently, the market is still worried about the mainland's economic prospects and corporate profits. Therefore, it is difficult for the market to rebound significantly in the short term following the external market. The Hang Seng Index is expected to mainly fall in the range of 16,000 to 17,000 points. To break through, it will be necessary More good policy news is released.

 European stock markets fell across the board, with British, French and German stocks falling 0.98%, 0.52% and 0.86% respectively. 

Inflation in the United States in December last year exceeded expectations, which may delay interest rate cuts. U.S. stocks performed repeatedly on Thursday. The Dow opened 51 points higher and immediately jumped 106 points. It once reached a new market high of 37,801 points, but soon turned downward and turned downward. It fell as much as 271 points and as low as 37,424 points; the S&P Index once climbed to 4,798 points, higher than the historical high of 4,796 points closed on January 3, 2022. It has since fallen back by 0.92%; the Nasdaq has fallen by as much as 1.13%. 

At the close of the U.S. market, the Dow Jones Industrial Average edged up 15 points, or 0.04%, to 37,711 points; the S&P Index fell 3 points, or 0.07%, to 4,780 points; the Nasdaq rose less than 1 point, to 14,970 points. 

The U.S. dollar index once fell 0.2% to 102.16, and then stabilized repeatedly; the Euro once fell 0.39% to $1.093; the Japanese yen fell as much as 0.45% to 146.41 per dollar.