Investment 21/1/2025
The market is looking forward to the improvement of Sino-US relations. The Hang Seng Index opened 220 points higher at 19,804 points, and the increase once expanded to 509 points, reaching a high of 20,093 points. The whole day rose by 341 points or 1.74% to 19,925 points; the Technology Index rose by 116 points or 2.59%. Reported at 4,595 points. The Main Board's turnover was HK$161.3 billion.
Trump's inauguration and his comments on tariffs, virtual monetary policy, and even interest rate policy will affect the performance of global assets. Rumor has it that Trump plans to visit China within 100 days of taking office, and market concerns about Sino-US relations have eased. Hong Kong stocks have risen for 5 consecutive days, with a cumulative increase of more than 1,000 points. We cannot rule out a short-term adjustment. However, if the Hang Seng Index continues to stabilize at the 50-DMA (19,727) level during the adjustment, it may up to 21,000 before the Lunar New Year holiday.
Monday's swearing-in coincided with Martin Luther King Day, marking the third time in U.S. history that the two were celebrated simultaneously. The previous two times were in 1997 when then-President Clinton was sworn in for re-election and in 2013 when then-President Obama was sworn in for re-election.
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