Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
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Hong Kong stock movement | MINISO (09896) rose more than 5% in the morning. The company will launch self-developed millet-related products next year, and the Yonghui Trade is expected to be implemented in the first half of next year.
MINISO (09896) rose over 5% in early trading, as of the time of writing, up 5.24%, at 49.25 Hong Kong dollars, with a transaction amount of 0.113 billion Hong Kong dollars.
Huachuang Securities: raised the Target Price for MINISO (09896) to 64-70.4 Hong Kong dollars and upgraded the rating to 'Strong Buy'.
Huachuang Securities predicts MINISO's net income for 2024-2026 will be 2.734 billion/3.745 billion/4.82 billion.
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Mr Careful : it is not likely that Chinese companies will be keen to invest in US. see what happens to tic tok first.