Investment 17/1/2025
Hong Kong stocks followed the rise of overseas stock markets. The Hang Seng Index opened 168 points higher at 19,454 points, and then expanded its gain to 378 points, reaching 19,664 points. The upward trend then slowed down, and the index rose 236 points or 1.22% to 19,522 points throughout the day, rising for three consecutive trading days. It rose 53 points or 1.22% to 4,417 points. The Main Board's turnover was HK$142.3 billion.
The latest core inflation in the United States was lower than expected, which raised market expectations for future interest rate cuts. U.S. bond yields fell in response, and the three major U.S. stock indexes all soared overnight. The warming external atmosphere also helped the Hong Kong stock market, and the Hang Seng Index once again reached the 19,600 point level. However, as the Lunar New Year approaches, the mainland is currently in a policy window period, and it will be difficult for the Hong Kong stock market to break through the 20,000 mark. The Hang Seng Index is expected to fluctuate between 19,000 and 20,000 points. It will have to wait for more positive news before a breakthrough can be expected.
European stocks performed well, with luxury stocks leading the gains. French stocks rose 2.14%, while British and German stocks rose 1.09% and 0.39% respectively.
The latest U.S. corporate earnings performance was mixed. Among the heavyweight stocks, Tesla and Meta's closing share prices fell 3.4% and 0.9% respectively; Apple plummeted 4%. US stocks retreated on Thursday. After opening 68 points higher, the Dow Jones Industrial Average fell back 139 points to a low of 43,081. The S&P 500 fell 0.32% and the Nasdaq fell as much as 0.9%.
At the close of U.S. stocks, the Dow Jones Industrial Average was at 43,153, down 68 points, or 0.16%; the S&P 500 fell 12 points, or 0.21%, to 5,937; and the Nasdaq fell 172 points, or 0.89%, to 19,338.
The U.S. dollar index rose as much as 0.27% to 109.384, and then fell slightly. The Bank of Japan is reportedly likely to raise interest rates next week. The yen once rose by 0.87% to a high of 155.11 per dollar. The ECB's interest rate record showed that officials believed that if price trends were in line with expectations, the bank would further cut interest rates. The euro fell 0.27% to $1.0261 before stabilizing.
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