Investment 17/4/2024

The external stock market fell. The Hang Seng Index opened 232 points lower at 16,367 points and then continued its decline. It once fell 391 points to 16,208 points, and fell 351 points or 2.11% for the whole day to 16,248 points, falling for the fourth consecutive day; the technology index underperformed the major indexes. On the market, it fell 104 points or 3% to 3,337 points. Main board transaction volume increased to HK$114.5 billion. 

With the lack of positive factors and the lack of obvious capital inflows into Hong Kong stocks, it is believed that the short-term upward momentum of the market is limited, and the current market capitalization rate is limited. The Hang Seng Index has the opportunity to test the support at about 16,000 points at the bottom of the horizontal range. If it falls below this level, then This means that the rising pattern has been destroyed again, and the index has the opportunity to test the 14,700-point level, but it is expected that there is little chance of this happening in the short term. 

European stock markets came under pressure, with British, French and German stocks falling 1.82%, 1.4% and 1.44% respectively; Japanese stocks closed down 1.94%. 

Federal Reserve Chairman Jerome Powel said that recent data showed that there was a lack of progress on the path of inflation back to the 2% target and that the Federal Reserve's high interest rate policy should be maintained for longer. The 2-year bond interest rate took advantage of the situation to rise above the 5% mark. U.S. stocks fluctuated within a narrow range on Tuesday. The Dow opened 257 points higher and hit a high of 37,992 points. Then it fell 21 points to a low of 37,713 points. The rally slowed down at the close, halting its losing streak in the past six trading days. The S&P 500 and Nasdaq Composite Index have repeatedly been weak, with the S&P 500 falling 0.43% and the Nasdaq Composite falling as much as 0.4%. 

The U.S. stock market closed at 37,798 points, with the Dow Jones Industrial Average up 63 points, or 0.17%; the S&P Index retreated 10 points, or 0.21%, to 5,051 points; and the Nasdaq Composite fell 19 points, or 0.12%, to 15,865 pointsI.

 The U.S. dollar index rose for 6 consecutive days, rising as much as 0.29% to 106.52; the Euro once rose 0.29% to $1.0656. The yen continued to hover at a 34-year low, falling 0.34% to 154.79 per dollar.