Investment 18/12/2024

After opening 117 points lower at 19,678 points, the Hang Seng Index once fell 174 points to 19,620 points. It rose 135 points in the afternoon and reached a high of 19,930 points. Afterwards, the selling pressure returned and closed down 95 points or 0.48% at 19,700 points, falling the 20-DMA (19,722)fell for the third consecutive trading day; the technology index fell 25 points or 0.58% to 4,389 points. Main board transaction volume was HK$131.9 billion.

 The Hong Kong stock market is currently at great risk to the downside, with the 20,000 level becoming a resistance. Even if it reaches this level again, the resistance at 20,800 will be greater. With the US President-elect Trump taking office, it is believed that more policies that are unfavorable to China will be introduced, and the market outlook is expected to be at 19,000 points. The level rises and falls, and turns and weakens.

 European stock markets developed individually, with British and German stocks falling 0.81% and 0.33% respectively, while French stocks rose 0.12%.

 U.S. retail sales expanded to 0.7% month-on-month in November, better than expected growth of 0.6%. Investors are worried that the Federal Reserve will suspend interest rate cuts in January next year. U.S. stocks retreated on Tuesday. After the Dow opened 61 points lower, the decline had expanded to 381 points, as low as 43,336 points; the S&P 500 once fell 0.64%, and the Nasdaq, which is dominated by technology stocks, retreated at most 0.84%, and the psychological mark of 20,000 points almost fell.

 U.S. stocks closed, with the Dow Jones Industrial Average down 267 points, or 0.61%, to 43,449 points, falling for nine consecutive trading days, the longest losing streak since 1978; the S&P 500 fell 23 points, or 0.39%, to 6,050 points; the Nasdaq fell. 64 points, 0.32%, reported at 20,109 points.

 The U.S. dollar index rose 0.21% to 107.084; the euro once fell 0.31% to $1.0479; the yen rose as much as 0.64% to 153.16 per dollar.

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