According to a report by Caixin on December 23 (Editor: Tong Gu), the key news for Hong Kong stocks today includes:

Hot News

[Biden signs emergency funding bill to prevent US government "shutdown"]

On December 21 local time, US President Biden signed an emergency funding bill to prevent a "shutdown" of the government. This latest bill will continue to provide operational funds for the US government until March of next year, thereby avoiding a "shutdown" of certain federal agencies after 12:00 AM Eastern Time on the 21st.

[US Core PCE Price Index Rose 2.8% Year-On-Year in November, Below Expectations]

The US core PCE price index rose 2.8% year-on-year in November, with an estimate of 2.9% and a previous value of 2.8%; the US core PCE price index rose 0.1% month-on-month in November, with an estimate of 0.2% and a previous value of 0.3%.

[International Crude Oil Futures Settlement Price Slightly Increased, NYMEX Natural Gas Futures Rose Over 14% Last Week]

The international Crude Oil Product futures settlement price saw a slight increase last Friday, with a cumulative decline of about 2% for the week. Among them, the WTI February Crude Oil Product futures settlement price was reported at $69.46 per barrel. NYMEX January Henry Hub Natural Gas futures increased by 4.57% last Friday, reported at $3.748 per million British thermal units, with a cumulative increase of 14.27% for the week.

[Federal Reserve's Goolsbee: The Federal Reserve's interest rates may decrease within 12-18 months.]

Goolsbee of the Federal Reserve stated that the current policy interest rate is restrictive, and the policy is much less restrictive than before; interest rates will decrease slightly further, and the policy interest rate is still far from the neutral rate. It is expected that the Federal Reserve's interest rates will be "moderately lowered" by 2025, and the path of interest rates will be determined by employment and price conditions. He also mentioned that the Federal Reserve's interest rates may decrease within 12-18 months.

Global market.

The three major US stock indexes opened lower but recovered last Friday. By the close, the Dow Jones Industrial Average rose by 1.18%, closing at 42,840.26 points; the S&P 500 Index rose by 1.09%, closing at 5,930.85 points; the Nasdaq rose by 1.03%, closing at 19,572.60 points.

Most major Technology stocks rose, with Apple up by 1.88%, Microsoft down by 0.10%, NVIDIA up by 3.08%, Google up by 1.54%, Amazon up by 0.73%, Meta down by 1.73%, Tesla down by 3.46%, and Broadcom up by 1.13%.

The popular China Concept Stocks showed mixed results, with the Nasdaq Golden Dragon China Index rising by 0.53%. Alibaba fell by 2.41%, JD.com fell by 0.75%, PDD Holdings fell by 1.48%, NIO rose by 3.18%, Xpeng Motors fell by 0.55%, Li Auto rose by 0.90%, Bilibili fell by 0.71%, Baidu rose by 0.26%, NetEase rose by 0.30%, Tencent Music rose by 1.36%, and iQIYI rose by 0.99%.

The three major Hong Kong stock indexes fell last Friday. The Hang Seng Index dropped by 0.16%, closing at 19,720.7 points; the Hang Seng China Enterprises Index fell by 0.12%, closing at 7,143.88 points; the Hang Seng China Affiliated Corporations Index decreased by 0.42%, closing at 3,673.14 points.

From the market performance, Coal, Gold, and Shipping stocks led the decline, while Semiconductor stocks strengthened.

Southbound Funds

According to Wind data, southbound capital traded 85.603 billion Hong Kong dollars last Friday, with a net inflow of approximately 1.632 billion Hong Kong dollars, among which the net inflow of the Shanghai-Hong Kong Stock Connect was about 1.26 billion Hong Kong dollars and the Shenzhen-Hong Kong Stock Connect had a net inflow of 0.411 billion Hong Kong dollars.

Company news

Novo-Nordisk A/S: The newly developed weight loss drug CagriSema performed below expectations in clinical trials, resulting in a more than 17% drop in the company's stock price. CagriSema helped patients lose an average of 22.7%, which is lower than the company's expected 25%.

Samsung: Finally signed a funding agreement for the chip bill with the USA government, receiving up to 4.745 billion USD. Samsung's attempt to build a factory in Texas has received support.

Volkswagen Group: On the 20th local time, an agreement was reached with union representatives, which avoids factory closure and layoffs due to operational reasons. Volkswagen Group also stated that it hopes to lay off more than 35,000 people by 2030.

CATHAY PAC AIR (00293): In November, 2.0106 million passengers were carried, an increase of 23.1% year-on-year. The passenger kilometers revenue for the month rose by 25.8% compared to the previous year. The passenger load factor increased by 3 percentage points to 83.5%.

TIMES CHINA HOLDINGS (01233): According to currently available information, as of the announcement date, approximately 81.04% of the creditors within the scope of held debt have joined the restructuring support agreement. This proportion of 81.04% of the creditor group signing the restructuring support agreement has seen significant progress compared to 26.77% on November 22.

MAANSHAN IRON (00323): Plans to establish a wholly-owned subsidiary, MAANSHAN IRON Co., Ltd.

CANSINOBIO (06185): Initiated phase I/II clinical trials of the restructured polio vaccine in Indonesia and completed the enrollment of the first subject in the phase I clinical trial.

IH RETAIL (01373): Released interim results, with a profit attributable to shareholders of 32.959 million Hong Kong dollars, a decrease of 35.1% year-on-year.

ETS GROUP (08031): Plans to sell all equity of JIYE Credit for 11 million Hong Kong dollars.

ASIA ALLIED INF (00711): Completed the acquisition of 51% equity of WANBANG SUPPLY CHAIN (HONG KONG) LIMITED.

Important Data

23:00 USA December Conference Board Consumer Confidence Index