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Hong Kong Shares Fall 0.5%, Weighed by Health, Consumer Stocks -- Market Talk
Hong Kong stock market review: Hang Seng tech index fell by 0.99%, wind power, film and television entertainment showed significant weakness, while pork stocks rose against the trend.
Today, Hong Kong's three major stock indices opened high and fell low, showing a weak trend all day, and trading in the market continued to shrink. At the close, the Hang Seng Index and the National Index fell by 0.35% and 0.4% respectively. The Hang Seng Technology Index performed the weakest, falling 1.3% in the afternoon and finally closing down 0.99%. On the market, large technology stocks performed weakly overall, with Netease falling nearly 4% and Kuaishou, Meituan, and Tencent falling more than 1%. The "price war" has reached the heavy truck market, with some models reducing prices by more than 0.3 million yuan. Heavy truck stocks fell in the afternoon, with Zoomlion and Sinotruk leading the downturn; wind power stocks fell significantly, and Dongfang Electric Corporation plummeted more than 13% on high volume; film and television entertainment stocks were also down.
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.