Investment 12/7/2024

After the Hang Seng Index opened 157 points higher at 17,629 points, the gain expanded to 392 points in the afternoon, reaching a high of 17,864 points. It rose 360 points or 2.06% to 17,832 points for the whole day, ending four consecutive losses; the technology index rose 96 points or 2.66% to 17,832 points. 3,696 points. Main board transaction volume was HK$100.3 billion. 


Hong Kong stocks fell repeatedly last day, mainly because mainland CPI was lower than expected, which caused market concerns about the impact of deflation on investment and consumption. The weakening of the renminbi also put pressure on Chinese stocks. However, the US Federal Reserve's "dove-like" remarks helped the outside world and supported the rebound of Hong Kong stocks from lows, and even regained the 250-DMA (17,496) that divides bulls and bears. However, before the big hand policy is introduced, there is not much room for the market to rebound. It is expected to remain in an ups and downs pattern in the short term, with resistance at 18,000 points.


 European stock markets performed well, with British, French and German stocks rising by 0.36%, 0.71% and 0.69% respectively. Japanese stocks were so bullish, with the Nikkei rising above 42,000 points for the first time and closing 0.94% higher at 42,224 points. 


Inflation in the United States generally cooled in June, strengthening the case for the Federal Reserve to start cutting interest rates in September. However, investors took advantage of the good news to sell, and heavy technology stocks became the hardest hit. U.S. stocks developed individually on Thursday, with the Nasdaq retreating 2.19% from its historical high. , the S&P 500 index fell by up to 1.02%; the Dow Jones Industrial Average had a volatile trend. After opening 26 points lower, it extended its decline to 98 points, reaching a low of 39,623 points, and then turned around and rebounded by 154 points, reaching a high of 39,875 points.


 At the close of the U.S. market, the Dow rose 32 points, or 0.08%, to 39,753 points; the S&P Index retreated 49 points, or 0.88%, to 5,584 points; the Nasdaq fell 364 points, or 1.95%, to 18,283 points. 


The exchange rate of the US dollar has been significantly under pressure, and the yen has surged by more than 2.6%. Japanese government officials privately revealed that the authorities had intervened in the yen.

 

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Investment 24/4/2026

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