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Hong Kong stocks morning report on November 8: The Federal Reserve cut interest rates by 25 basis points, and guangzhou automobile group's cumulative sales volume in the first ten months decreased by over 17% year-on-year.
1. China Securities Regulatory Commission Vice Chairman Li Ming: The foreign shareholding limit for foreign securities fund futures companies has been lifted. Foreign institutions will receive national treatment in terms of business scope and regulatory requirements. 2. The Federal Reserve cuts interest rates by 25 basis points, marking the second consecutive rate reduction. 3. The People's Bank of China has suspended gold shareholding increases for the sixth consecutive month. 4. Zhong Shanshan has been the richest person in mainland China for four consecutive years.
US stocks closed: S&P, Nasdaq hit new historical highs again, china assets are on the rise and strong.
1. As the Fed cut interest rates as scheduled, US stocks and treasuries rose in coordination; 2. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index up 3.5%; 3. Trump Media Technology Group plunged 22%; 4. After releasing financial reports, Qualcomm opened high and then traded low, while Arm opened low and then traded high.
November 7th US stock turnover top 20: nvidia's market cap exceeds 3.65 trillion US dollars
On Thursday, Tesla, the top trading volume in the US stock market, rose by 2.90%, continuing the strong upward trend from yesterday, with a turnover of $34.051 billion. Due to Musk's strong support for Donald Trump's campaign, Tesla has been seen by many investors as a "donald trump concept stock", and a Trump victory will make this electric auto manufacturer one of the main beneficiaries of Trump's return to the White House. Analysts say Musk may hope the new government will relax regulations on Tesla, especially those concerning autonomous driving technology. Additionally, Mexico's Economy Minister, Ebrard, stated on a local radio station on Thursday that he will soon meet with Tesla CEO Musk.
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