Investment 19/12/2024

The Hang Seng Index opened 184 points higher at 19,884 points, and rose 253 points to 19,953 points in the afternoon. It rose 164 points, or 0.83%, to 19,864 points throughout the day; the Technology Index rose 79 points, or 1.81%, to 4,468 points.  Main board transaction volume was HK$107.5 billion.

 The performance of Hong Kong stocks was mixed. The Hang Seng Index rebounded after falling for three days in a row and recovered the 20-DMA (19,730).  In the short term, it is expected to fluctuate around 19,800 points.  Towards the end of the year, fund managers are winding down their operations one after another, and investors' desire to enter the market is also weak. In the absence of funds, it is difficult for the stock market to perform well.  U.S. stocks weakened, with the Dow Jones Industrial Average falling for ten consecutive days.  The market is waiting to see the outcome of the U.S. Federal Reserve's interest rate meeting.  US President-elect Trump will officially enter the White House next month. The market is paying attention to whether he will take any unexpected policy measures after taking office. The game between China and the United States is also worthy of attention. There will still be many uncertainties next year, and investors should increase their investment. vigilance.

 European stock markets developed individually, with British and French stocks closing slightly higher by 0.05% and 0.26%, while German stocks fell by 0.02%.

 The U.S. Federal Reserve announced the results of its interest rate meeting and cut interest rates by 0.25%, as the market expected. Chairman Powell later made "hawkish" remarks at the press conference, saying that the decision statement means that the Fed is at or near slowing down the pace of interest rate cuts, or suspending them. The pace of interest rate cuts, but a rate hike in 2025 seems unlikely.

 U.S. stocks rose first and then fell on Wednesday. After opening slightly higher by 9 points, the Dow Jones Industrial Average rebounded as much as 239 points, reaching a high of 43,688 points. After the interest rate meeting results were announced, it fell by more than 200 points. After Powell's speech, it once fell sharply by 1,149 points, reaching a low of 43,688 points. 42,300 points, still down more than 1,100 points at the close; the S&P 500 index fell nearly 3%, and the Nasdaq Composite Index, which is dominated by technology stocks, fell more than 3.5%.

 At the close of the U.S. market, the Dow Jones Industrial Average fell 1,123 points, or 2.58%, to 42,326 points, marking its 10th consecutive day of decline and the longest losing streak since 1974; the S&P Index fell 178 points, or 2.95%, to 5,872 points; the Nasdaq It fell 716 points or 3.56% to 19,392 points.

 The US dollar index once rose 1.22% to 108.26; the Euro once fell 1.41% to $1.0345.  The pound fell as much as 1.18% to $1.2562.  The yen fell as much as 0.83% to 154.78 per dollar.