Investment 14/11/2024

The Hang Seng Index opened 174 points lower at 19,671 points, and then fell 238 points to 19,608 points. In the afternoon, the decline gradually narrowed due to the rebound of A-shares. It closed at 19,823 points for the whole day, down 23 points or 0.11%, and fell for the fourth consecutive time. On the trading day; the technology index fell 1 point, or 0.02%, to 4,455 points.  Main board transaction volume was HK$184.6 billion.


 The Hong Kong stock market fell below the 20,000 mark again. The market's weakness was mainly due to two major factors.  First, after Trump won the US election, the market was worried that after he took office, Sino-US relations would become tense again, and the Chinese economy may face further pressure.  In addition, as the US dollar strengthens, the RMB exchange rate continues to depreciate, which is also detrimental to the stock market. After the Hang Seng Index fell below the 20,000 level, it was lucky to hold on to the 50-DMA (19,775) yesterday. Otherwise, the market may have to test the 100- (18,650) in the future support.


 European stock markets developed individually, with British stocks rising 0.06%, French and German stocks falling 0.14% and 0.16%.


 The U.S. Department of Labor announced that the Consumer Price Index (CPI) rose to 2.6% in October, in line with expectations. The Federal Reserve is expected to continue cutting interest rates next month. However, U.S. stocks were weak on Wednesday. After opening 30 points lower, the Dow turned around and rose as much as 230 points. point, reaching 44,141 points, and then stabilized repeatedly; the S&P 500 index rose by 0.4%; the Nasdaq, which is dominated by technology stocks, fell by up to 0.47%.


 U.S. stocks closed at 43,958 points, with the Dow Jones Industrial Average up 47 points, or 0.11%; the S&P Index rose 1 point, or 0.02%, to 5,985 points; and the Nasdaq Composite fell 50 points, or 0.26%, to 19,230 points.


 The U.S. dollar index once rose 0.49% to 106.54; the Euro fell 0.63% to $1.0557; the Japanese yen fell as much as 0.65% to 155.63 per dollar.


 Bitcoin repeatedly broke through the top, rising up to 8.3%, reaching a high of $93,445.


 Biden and Trump met in the Oval Office for 2 hours, and the atmosphere was relaxed.

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Investment 24/4/2026

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