Hong Kong Shares Rise, Tracking Wall Street Rebound -- Market Talk
The 'Black Monday of 1987' is happening again: Reversal of group trading, liquidity shock, what happened next?
The Federal Reserve emergency lowered interest rates by 50 basis points and implemented quantitative easing to inject liquidity to "rescue the market". In the end, the 1987 major crash gradually subsided, and the risk did not spread to a larger range, but the danger lies in the possibility that the crash may self-reinforce and evolve into a tightening of crediting.
Due to external concerns and technological pressure, the Hang Seng Index once again fell below the 17,000 point threshold.
Written by / ATFX. Hong Kong stocks opened low this morning and fell more than 300 points, once breaking the 17,000 point mark. It plummeted 354 points or 2.05% in half a day, fell below the morning low in the afternoon, and fell as much as 439 points, reaching a low of 16865, hitting a new low since April 23. The national index fell 116 points or 1.9% to 5,969 points; the Hang Seng Tech Index fell 80 points or 2.3% to 3,396 points. Overall, blue chips were sold off, with Tencent (00700) falling 2.4%; Meituan (03690) once fell 7.8%, the worst-performing blue chip during the session; Alibaba (09988) fell 3%; and Construction Bank
Hong Kong Shares Fall, Weighed by Risk-Off Sentiment -- Market Talk
Hong Kong Shares Fall 1.9%, Tracking Wall Street's Declines -- Market Talk
Japan's Nikkei Set For Near 4% Plunge With Asia Markets Poised To Open Lower After Wall Street Sell-off
