Investment 31/7/2024

Hong Kong stocks performed weakly on the futures settlement day. The Hang Seng Index opened 43 points or 0.26% lower and immediately started to fall. It once fell by more than 260 points and fell below the 17,000 level. It fell 235 points or 1.37% for the whole day to 17,002 points. The technology index fell by 52 points or 1.52% to 3,414 points. The market turnover was HK$90 billion.

 There is no direction in the outside world. Hong Kong stocks continue to be weak. Friends are fighting and moving. The Hang Seng Index will test the 17,000 level in the short term and may even fall below it. It will test the support of 16,670.

 European stock markets generally rose, with French and German stocks closing up 0.42% and 0.49%, while British stocks fell slightly by 0.22%. 

The market is waiting to see the performance of U.S. companies and whether the Federal Reserve will hint at an interest rate cut in September. U.S. stocks developed individually on Tuesday. The Dow Jones Industrial Average rebounded repeatedly. After the index opened 82 points higher, the increase once expanded to a maximum of 326 points and reached a high of 40,866 points. The U.S. market closed still It rose 203 points or 0.5% to 40,743 points; the S&P 500 index fell 1.13% and closed down 27 points or 0.5% to 5,436 points; the Nasdaq once fell 2.04% and closed still down 222 points or 1.28% to 17,147 points.

 The U.S. dollar index rose by up to 0.22% to 104.799; Germany's economy unexpectedly contracted in the second quarter, inflation unexpectedly accelerated in July, and the Euro fell 0.2% to $1.0799. The yen once fell below 155 per dollar, as low as 155.22, down 0.78%.