Investment 16/4/2024

The situation in the Middle East heated up. After the Hang Seng Index opened 234 points lower at 16,487 points, the decline once expanded to 256 points, reaching a low of 16,465 points. Later, the decline narrowed due to the rise of mainland A shares, closing down 121 points or 0.72%, at 16,600 points. points; the technology index fell 31 points, or 0.92%, to 3,442 points. Main board turnover was HK$95.1 billion. 


The State Council issued the new "Nine National Regulations" last Friday (12th) to promote the development of the capital market towards high quality. Some market participants believe that the news is positive, such as regulatory reduction of holdings and promotion of dividend payments, which is particularly positive for Zhongte Estimates and can temporarily offset the impact of external tensions in the Middle East. The Hang Seng Index is expected to remain between 16,300 and 17,000 points for the time being. 


European stock markets developed individually, with British stocks falling 0.38%, French and German stocks rising 0.43% and 0.54% respectively. 


Tensions in the Middle East have temporarily eased, and U.S. stocks rebounded significantly early on Monday. The Dow opened 92 points higher. The increase once expanded to 403 points, reaching 38,386 points. However, under the haze of debt interest rates hitting a new high this year, the market situation turned around in a single day. The decline in the late period increased to 325 points at most and reached a low of 37,657 points. The S&P 500 also rebounded by 0.88%, and the Nasdaq, which is dominated by technology stocks, rose 0.74%. Later, both the S&P 500 and the Nasdaq fell more than 1%. The three major indexes eventually closed closer to the day's lows.


 At the close of the U.S. stock market, the Dow Jones Industrial Average fell 248 points, or 0.65%, to 37,735 points; the S&P Index fell 61 points, or 1.2%, to 5,061 points; and the Nasdaq Composite fell 290 points, or 1.79%, to 15,885 points. 


The foreign exchange index rose 0.2% to 106.25 repeatedly; the Japanese yen crossed 154 per dollar, reaching a low of 154.45 per dollar, down 0.8%, setting another 34-year low; the euro also fell 0.2% to $1.0621.

 

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