Investment 25/6/2024

After the Hong Kong stock market opened 122 points or 0.68% lower, its performance was repeatedly weak. It once fell more than 200 points during the session, and then rose at the end of the session, regaining the lost level of 10,000 points. The Hang Seng Index once fell to 17,789 points, and ended the day down less than 1 point, closing at 18,027 points; the Technology Index fell 23 points, or 0.65%, to 3,677 points. The main market transaction volume exceeded HKD$96.4 billion.


 This week refers to the settlement day and half-year end. With the window dressing effect, coupled with the market's expectation of "gifts" to the mainland on July 1st and the Third Plenary Session of the Central Committee of the Communist Party of China next month, the trend of Hong Kong stocks is expected to improve in the mid-to-late period. In terms of trend, the Hang Seng Index has good short-term support from 17,600 points to 17,800 points, while the upper resistance is at 18,500 points. The market is expected to make further breakthroughs when more policy news is implemented in the mainland. 


On Monday (June 24), the three major A-share indexes all fell by more than 1.1%, with nearly 5,000 stocks falling. In the short term, the downward trend of China's stock market may continue, and the index may continue to decline to seek technical support.


 European stock markets performed well, with British, French and German stocks rising 0.53%, 1.03% and 0.89% respectively.


 There is only one week left to enter the second half of 2024. Some Federal Reserve officials mentioned starting to study interest rate cuts. U.S. stocks showed individual trends on Monday. The Dow opened 34 points higher and then continued to rise. It once rose 420 points to a high of 39,571 points; the S&P 500 index had the most It rose 0.48% repeatedly; the Nasdaq, which is dominated by technology stocks, fell more than 1%, and both the S&P 500 and the S&P 500 closed close to the day's low repeatedly. 


At the close of the U.S. market, the Dow still rose 260 points, or 0.67%, to 39,411 points; the S&P 500 fell 16 points, or 0.31%, to 5,447 points; the Nasdaq fell 192 points, or 1.09%, to 17,496 points.


 The U.S. dollar index fell at most 0.41% to 105.37; the euro rose 0.5% to $1.0749; the yen was once close to 160 per dollar, as low as 159.92, and then rose 0.61% to 158.82.

 

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