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Hong Kong stocks fluctuate | XD INC (02400) rises over 5%, expected net profit last year to reach a maximum of 0.94 billion yuan, new games and TapTap are expected to continue driving growth.
XD INC (02400) rose over 5%, as of the time of writing, it increased by 4.97%, trading at 39.1 Hong Kong dollars, with a turnover of 0.155 billion Hong Kong dollars.
XD (HKG:2400) Shareholder Returns Have Been Solid, Earning 172% in 1 Year
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
XD Forecasts Turnaround to Profit in 2024; Shares Up 13%
Zhitong Hong Kong Stock Early Knowledge | Traders raise bets on a rate cut by the Federal Reserve as Europe announces an implementation of the 800 billion euro "Rearm Europe" plan.
Traders bet that the Federal Reserve will cut interest rates by 75 basis points this year, marking the first time since mid-December last year. The USA's 2-year yield, sensitive to policy, briefly fell by 6 basis points to 3.89%, the lowest level since October last year.
Hong Kong stock morning report | The USA fires the first shot in a comprehensive trade war, the three major US stock indices fall while Chinese concept stocks rise against the trend.
① The USA's tariff measures against Mexico and Canada officially took effect on Tuesday, after which both Canada and Mexico launched a comprehensive counterattack. The US Secretary of Commerce stated that Trump is considering reducing some tariffs on Mexico and Canada. ② China has continuously introduced countermeasures against the USA. ③ Zelensky stated he is ready to sign agreements with the USA regarding minerals and security at any time. ④ The three major US stock indexes fell on Tuesday, while most China Concept Stocks rose against the trend.