Investment 22/11/2024

Hong Kong stocks repeatedly turned soft.  After opening 58 points lower at 19,646 points, the Hang Seng Index rose 59 points to 19,764 points. Selling pressure increased in the afternoon and once fell 152 points to a low of 19,552 points. It fell 103 points or 0.52% for the whole day to 19,601 points, marking its third consecutive rise. The trend ended; the technology index fell 54 points, or 1.24%, to 4,358 points.  Main board transaction volume was HK$119.2 billion.

 Hong Kong stocks have maintained a narrow range recently, and transactions have also decreased significantly. This is mainly due to three major factors. First, the market is worried that the political and economic situation after Trump's election will affect the performance of the Chinese and Hong Kong stock markets. Second, debt interest rates continue to rise, making the cost of capital high. , coupled with the continued strength of the US dollar, is not conducive to the performance of Chinese stocks; thirdly, the market is waiting to see the mainland's policy measures, and it is difficult to regain an optimistic atmosphere before big moves are launched.  It is expected that the Hang Seng Index will remain in the range of 19,300 to 20,000 points and continue to decline, while various stocks tend to develop individually in the short term.

 European stock markets developed individually, with British and German stocks rising 0.79% and 0.74% respectively. While luxury goods stocks led the decline, French stocks fell back 0.25% before closing up 0.21%.

 U.S. stocks continued to rise repeatedly on Thursday. After opening 130 points higher, the Dow Jones Industrial Average turned slightly lower for a time, then rose sharply and broke through the 44,000-point mark, reaching a maximum of 44,020 points, an increase of 611 points; the S&P 500 index once fell 0.5% to The Nasdaq, which is dominated by technology stocks, once fell 1.33%, and both of them also rose later.

 At the close of the U.S. market, the Dow Jones Industrial Average closed at 43,870 points, up 461 points, or 1.06%; the S&P Index rose 31 points, or 0.53%, to 5,948 points; and the Nasdaq Composite rose 6 points, or 0.03%, to 18,972 points.

 The U.S. dollar index turned from falling to rising, once rising 0.45% to 107.16; the Euro fell 0.79% to $1.0463; the Japanese yen rose as much as 0.98% to 153.91 per dollar.

 Bitcoin hit the $100,000 mark, rising another 5.5% to a high of $99,027.  The origin of Bitcoin is to be "decentralized," and Trump's actions run counter to this.