Investment 12/11/2024

Mainland China's stimulus measures did not meet market expectations. The Hang Seng Index opened 470 points lower at 20,258 points. It later fell 576 points to a low of 20,151 points. The decline narrowed in the afternoon and closed down 301 points or 1.45% at 20,426 points; the technology index fell. 16 points or 0.35%, reported at 4,651 points.  Main board transaction volume was HK$204.3 billion.


 The mainland announced last week a 6 trillion RMB incremental plan to resolve local debt, which fell short of market expectations and dragged down the Hong Kong stock market to undergo a significant adjustment on Monday (11th).  However, it is expected that investors will continue to pay attention to whether there will be further fiscal stimulus policies in the mainland. Heavy technology stocks will also announce their results one after another. It is believed that the seesaw situation will continue after the market adjustment is completed. The upper resistance of the Hang Seng Index is at 21,000 points. On September 27 The daily rising gap (19,954 to 20,268) is an important defensive position.


 European stock markets rose across the board, with British, French and German stocks rising by 0.65%, 1.2% and 1.21% respectively.


 U.S. stocks continued their strong rise after the U.S. presidential election last week on Monday, with some "Trump trades" catching up. The three major indexes all reached their peaks during the session. After the Dow opened 68 points higher, the gains immediately expanded to a maximum of 497 points. High views 44,486 points; the S&P 500 index rose for five consecutive days, once rising 0.36% to 6,017 points; the Nasdaq Composite, which is dominated by technology stocks, once rose 0.41% to 19,366 points.  At the close of the U.S. market, the Dow Jones Industrial Average stood above 44,000 points for the first time in history, and the S&P 500 index stood above 6,000 points for the first time in history. Both indexes reached record closing highs.


 At the close, the Dow Jones Industrial Average closed at 44,293 points, soaring 304 points or 0.69%; the S&P Index rose 5 points or 0.1% to 6,001 points; the Nasdaq rose slightly by 12 points or 0.06% to 19,298 points.


 The U.S. dollar's strength was evident, with the U.S. dollar index rising as much as 0.68% to 105.71; a summary of the Bank of Japan's last interest rate meeting showed that officials signaled a cautious attitude toward raising interest rates, and the yen once fell 0.87% to 153.96 per dollar.  The Euro was under heavy selling pressure and once fell 0.85% to a low since June of $1.0629.


 After Bitcoin rose above $80,000 for the first time on Sunday, it rose another 11.4% on Monday, reaching a maximum of nearly $87,500, setting a new historical record.

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Investment 24/4/2026

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