UNAUDITED SEMI-ANNUAL ACCOUNTS AS AT 30 JUNE 2024
Will the financial market welcome a "heavy bullish"? The Federal Reserve may end this round of asset reduction by the end of this year.
Since June 2022, the Federal Reserve began implementing quantitative tightening policy, known as shrinking its balance sheet (QT); some Wall Street strategists have said that even though the pace of the balance sheet reduction has slowed recently, it is unlikely that a sudden announcement to end the balance sheet reduction will be made.
Brokerage research: a good opportunity may arise in Hong Kong stocks, it is recommended to wait for the Hang Seng Index to reverse before following on the right side.
Currently, the Hang Seng Index is finding support around 17,000, which may be due to the relative high risk premium at work. However, remain cautious and wait for a reversal before following on the right side of the Hang Seng Index.
Hong Kong Investment Fund Association: suggests further expanding the eligible ETF range for southbound investment.
The Hong Kong Investment Funds Association recommends further expanding the eligible range of Southbound joint venture ETFs.
Morgan Asset Management expects more positive factors for the Hong Kong stock market in the fourth quarter.
The Hong Kong stock market opened steadily last week, with a weekly increase of 81 points or 0.5%, and the market is waiting for the Third Plenum next week.
Hang Seng Index Could Consolidate in Near Term While Awaiting New Catalysts