Investment 17/9/2024

After opening 116 points lower at 17,252 points, the Hang Seng Index once fell 192 points to 17,177 points. It recovered its losses in the afternoon and ended the day up 53 points, or 0.3%, at 17,422 points. The Technology Index rose 17 points, or 0.5%, to 3,497 points.  North Water was suspended, and the main board transaction dropped to HK$47.9 billion.


 The United States, Japan and the United Kingdom will discuss interest rates this week. There is a high chance that the Federal Reserve will cut interest rates by 0.25% this time, while the Bank of Japan is not expected to raise interest rates. The market should wait and see what happens.  As for Hong Kong stocks, due to the Mid-Autumn Festival holiday, the North Water was suspended at the beginning of the week. It is believed that the market will be quiet in the short term. The Hang Seng Index is expected to trade mainly between 17,000 and 17,500 points. After the dust of the US interest rate cut settles and the return of the North Water, Hong Kong stocks Only then can there be hope for a breakthrough.


 European stocks lacked a clear direction, with British stocks rising 0.06%, French and German stocks falling 0.21% and 0.35% respectively.


 The U.S. Federal Reserve held an interest rate meeting for two consecutive days starting from Tuesday. U.S. stocks developed individually on Monday, with funds flowing from large technology companies to other stocks. After the Dow opened 41 points higher, the increase expanded to a maximum of 340 points, reaching a peak of 41,733 points before closing. It also hit a new high; the S&P 500 index fell 0.38%, and the Nasdaq, which is dominated by technology stocks, once fell back 1.15%.


 At the close of the U.S. stock market, the Dow rose 228 points, or 0.55%, to 41,622 points; the S&P Index rebounded 7 points, or 0.13%, to 5,633 points; the Nasdaq fell 91 points, or 0.52%, to 17,592 points.


 The U.S. exchange rate index once fell 0.52% to 100.587; the yen rose above 140 per dollar for the first time since July last year, rising up to 0.9% to 139.58; the euro rose 0.57% to $1.1139.


 Photo: The ancient Roman Appian Way in Italy is listed on the UNESCO World Heritage List

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Investment 24/4/2026

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