Investment 28/6/2024

Hong Kong stocks came under pressure on the futures settlement day. After the Hang Seng Index opened 143 points lower at 17,946 points, the decline once extended to 412 points, reaching a low of 17,677 points. It fell 373 points or 2.06% for the whole day to 17,716 points, falling back to a two-month low. ; The technology index fell 100 points, or 2.73%, to 3,588 points. Main board transaction volume was HK$104.2 billion. 

The mainland stock market has weakened significantly recently. The market is paying attention to the mainland's economic recovery prospects and policy news. Until the consumer market shows no improvement, investors are more cautious. The external market continues to adjust, and Hong Kong stocks are not immune. The Hang Seng Index may test the 250-DMA (17,544). Whether it can return to the 50-DMA(18,152) next week depends on the direction of the Federal Reserve's interest rate. If the United States announces later The inflation data is higher than expected, which is believed to have a certain impact on bond interest rates and the stock market. Pay attention to whether China will launch aggressive policies after the Third Plenary Session of the Central Committee of the Communist Party of China on the 15th to 18th of next month to make the market believe that the real estate and consumer markets will recover.

 European stock markets developed individually, with British and French stocks falling 0.55% and 1.03% respectively, while German stocks rose 0.3%. 

As investors await the first televised debate between the two U.S. presidential candidates and the release of important inflation data on Friday, the three major U.S. stock indexes repeatedly stabilized on Thursday. The Dow opened 20 points lower and then rose as much as 122 points to a high of 39,250 points. , then fell 101 points to a low of 39,026 points; the S&P 500 rose 0.24%, and the Nasdaq rose 0.49% at most. 

U.S. stocks closed on a mixed note, with the Dow rising only 36 points, or 0.09%, to 39,164 points; the S&P 500 index rising slightly, 5 points, or 0.09%, to 5,482 points; the Nasdaq's gain shrank to 53 points, or 0.3%, to 17,858 points.

 The U.S. dollar index fell as much as 0.32% to 105.708, the Euro rebounded 0.44% to $1.0728, and the Japanese yen rose 0.33% to 160.28 per dollar. 

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