Investment 5/6/2024

The Hang Seng Index opened 67 points lower at 18,335 points and reached a day low. It then generally maintained an upward trend, rising by up to 137 points to 18,541 points. It closed up 41 points or 0.22% at 18,444 points; the technology index rose 12 points or 0.32%. It was quoted at 3,796 points. Main board transaction volume was HK$116.2 billion. 

It is expected that the Hong Kong stock market will continue to fluctuate throughout June and will still fluctuate between 18,000 and 18,800 points at this stage. However, the rebound will not be sustainable and will not be large. There will be great resistance to 19,300 points further. 

European stock markets were under pressure across the board, with British, French and German shares falling 0.37%, 0.75% and 1.09% respectively.

 A sharp drop in job vacancies in the United States led to a fall in bond interest rates, and U.S. stocks stabilized repeatedly on Tuesday. After the Dow opened 52 points lower, the decline extended to as much as 173 points, reaching a low of 38,397 points, and then turned around and rebounded by 215 points, reaching a high of 38,786 points; the S&P 500 fell 0.49%, and the Nasdaq, which is dominated by technology stocks, fell as much as 0.47%.

 At the close of the U.S. stock market, the Dow Jones Industrial Average rebounded 140 points, or 0.36%, to 38,711 points; the S&P Index rose 7 points, or 0.15%, to 5,291 points; and the Nasdaq Index rebounded 28 points, or 0.17%, to 16,857 points. 

The U.S. dollar index rose 0.19% to 104.333; the Euro fell 0.41% to $1.0859. It is rumored that the Bank of Japan will soon reduce the scale of bond purchases, and the yen broke through the 155 mark against the dollar, reaching a high of 154.57, up 0.97%.