Hong Kong Shares Fall After Fed Signals Slower Rate Cuts -- Market Talk

WSJ20:30 ET

Announcement Highlights | In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; GCL TECH plans to allot up to 1.56 billion shares, net raising approximately 1.53 billion Hong Kong dollars.

In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; the major Shareholder of CHENGDU EXPWAY won a highway project worth over 10 billion yuan.

cls.cn19:23 ET

Hong Kong stock early report on December 19: The hawkish Federal Reserve caused U.S. stocks to fall. IDREAMSKY has reached a cooperation with the Game Platform under Saudi Telecom Company (STC).

① Shenzhen established an AI industry Fund. ② The Federal Reserve lowered interest rates by 25 basis points as expected, with only two rate cuts anticipated in 2025. ③ The Hong Kong Securities and Futures Commission granted licenses to virtual Asset Trade platforms under an expedited licensing process. ④ The USA Biodefense Act was not included in the CR bill.

cls.cn18:08 ET

Hong Kong stock market closing comments: The Hang Seng TECH Index rose by 1.82%, with strong gains in the Autos and Semiconductors Sectors.

On December 18, the three major indices of Hong Kong stocks rose collectively, ending the continuous decline, and the market sentiment improved. The Hang Seng TECH Index surged by 2.3% at one point in the afternoon, and finally closed up 1.82%, while the Hang Seng Index and the National Index rose by 0.83% and 1.06% respectively. On the market, large technology stocks all rose, with Xiaomi up nearly 3%, Baidu up nearly 2%, and JD.com rising over 1%; driven by AI, the Industry will see a recovery in prosperity, and semiconductor chip stocks were strong all day, with HG SEMI rising over 7%; the effects of the November car trade-in policy continued to emerge, leading to a significant increase in Autos stocks, with LEAPMOTOR and BRILLIANCE CHI showing the largest gains; Beginning with Middle Letter high-speed rail Infrastructure stocks are on the rise.

Gelonghui FinanceDec 18 03:39 ET

Hong Kong Shares Gain, Led by Auto and Tech Stocks -- Market Talk

WSJDec 17 20:30 ET

Selected announcements | CHINAHONGQIAO expects annual Net income to nearly double year-on-year; GOLDLION HOLD receives a premium for privatization, resuming trading today.

CHINAHONGQIAO expects that the Net income for the year ending December 31, 2024, may increase by around 95% year-on-year; China Coal Energy's Commodity coal sales for the first 11 months were 0.256 billion tons, showing a decrease of 1.9% year-on-year; November sales were 25.8 million tons, representing a year-on-year increase of 11.4%.

cls.cnDec 17 19:20 ET