Investment 21/11/2024

The Hang Seng Index opened 40 points lower at 19,623 points and then held within a narrow range. The difference between the high and low points was only 177 points. It rose 41 points or 0.21% to 19,705 points for the whole day, rising for the third consecutive day. The Technology Index rose 18 points or 0.41% to 4,413 points. point. Main board turnover shrank to HK$114.6 billion.

 The Hong Kong stock market maintains a sideways pattern, fluctuating between 19,300 and 20,000 points. It is advisable to hold on to last week's low of 19,332 points, otherwise it will test the previous gap level of 19,000 points, or even the 150-DMA (18,525). The market is mainly affected by mainland China's bailout measures and other factors, such as the possibility that US President-elect Trump will trigger a Sino-US trade war. The Hang Seng Index will have a clear direction only when the situation becomes clearer.

 European stock markets rose first and then recovered, with British, French and German stocks falling 0.17%, 0.43% and 0.29% respectively.

 Investors were waiting to see Nvidia's earnings performance. U.S. stocks performed individually on Wednesday. After opening 27 points higher, the Dow fell as much as 194 points to a low of 43,074 points, and finally rebounded by more than 100 points. The S&P 100 fell 0.95% to The Nasdaq, which is dominated by technology stocks, once fell 1.39%, and both have since stabilized.

 U.S. stocks closed at 43,408 points, up 139 points or 0.32%; the S&P 500 was roughly flat at 5,917 points; the Nasdaq fell 21 points or 0.11% to 18,966 points.

 The U.S. dollar index reversed two days of decline and once rose 0.67% to 106.92; the yen fell by up to 0.8% to 155.89 per dollar. Euro fell 0.84% ​​to $1.0508.

 The Indonesian Congress officially canceled Jakarta's capital status on November 19 and changed it to a special zone. The new capital was established in Nusantara.