HK stocks morning review: the three major indexes opened slightly higher, bullish policies boosted electric power stocks and U-Presid China fell by 2.8%.
Last week, Hong Kong stocks rebounded after falling, and the Hang Seng Index returned above the 17,000 mark. Today, the three major indexes opened slightly higher, with the Hang Seng Index up 0.07%, the CSI up 0.13%, and the Hang Seng Tech Index up 0.04%.
Strong rebound! Overseas markets are back on track, coupled with the approaching financial report season. Will the second round of the Hong Kong stock market boom start again?
Has the situation eased?
Hong Kong Shares Rise, Tracking Wall Street Gains -- Market Talk
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.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Hong Kong Shares Rise, Tracking Wall Street Rebound -- Market Talk
