Investment 28/3/2024

On the Hong Kong stock index futures settlement day, the Hang Seng Index opened 87 points lower at 16,530 points and then maintained its decline. The decline once expanded to 263 points, reaching a low of 16,354 points. It closed down 225 points or 1.35% at 16,392 points for the whole day. The technology index fell 78 points, or 2.24%, to 3,393 points, with main board turnover of HK$115.6 billion.


 At the beginning of the year, the market was worried about the crisis in the mainland real estate sector. However, since then, the mainland has frequently launched measures to rescue the market. In addition, the recently announced corporate performance has been impressive, allowing the Hang Seng Index to rebound from its earlier lows and stabilize at the 16,000-point level. It is expected that the Hang Seng Index will generally maintain the current pattern of "volatility but no increase" in the second quarter. However, under the influence of external factors such as the US election, there is a chance of greater turmoil in the third quarter. 


European stock markets performed well, with British, French and German stock markets rising 0.01%, 0.25% and 0.5% respectively.


 Led by a number of blue-chip stocks, U.S. stocks broke the recent slump on Wednesday. The Dow opened significantly higher by 179 points, and the gains quickly expanded. It rose further at the end, climbing up to 486 points, reaching a high of 39,769 points; the S&P 100 also closed close to the day's high. , and hit a record high; the Nasdaq once fell 0.22%, and its performance throughout the day was quite volatile. It eventually made a good performance but lagged behind in its upward trend. 


At the close of the U.S. stock market, the Dow rose 477 points, or 1.22%, to 39,760 points; the S&P 500 rose 44 points, or 0.86%, to 5,248 points; and the Nasdaq rose 83 points, or 0.51%, to 16,399 points. The yen exchange rate fell to a 33-year and eight-month low of nearly 152 yen per dollar. 


The U.S. dollar index once rose 0.15% to 104.46; under the "export tactics" of Japanese officials, the yen stabilized from a 34-year low and once rose 0.35% to a high of 151.03 per dollar. The Euro fell as much as 0.18%, as low as $1.0811.

 

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