inkovsky

[inkovsky]

After the Hang Seng Index opened 77 points higher at 19,307 points, it rose 121 points to 19,351 points, and then fell back. It once fell 127 points to 19,102 points. It fell 78 points or 0.41% for the whole day to 19,150 points, recording three consecutive losses; Technology index fell 10 points, or 0.25%, to 4,235 points. The MSCI index adjustment took effect, and the main board turnover increased to HK$183.2 billion.

The investment sentiment in Hong Kong stocks has deteriorated, with the Hang Seng Index falling below the important support of 19,300 points last week. We are currently in a policy vacuum, the market lacks speculation themes, and investment sentiment is cautious. In addition, the exchange rate of the US dollar has strengthened, and non-US currencies such as the renminbi have come under pressure, which has also dragged down the performance of Hong Kong stocks. The trading volume of the market also weakened, and the Hang Seng Index rebounded weakly. After falling below 19,300 points, it may further test 19,000 points. If it falls below again, it may even have a chance to test 18,400 points. Unless there is a significant turnaround in the market and the index stabilizes at 19,800 points, investors still lack confidence in entering the market and should not be too aggressive.

UBS pointed out that the current equity risk premium (ERP) of the Hang Seng Index and MSCI Hong Kong Index is higher than the historical average. The market has not fully reflected the geopolitical challenges of Trump's upcoming return to power. The Hang Seng Index's price-to-earnings ratio is expected to further increase from the current 8.9 times. It will drop to 8.1 times by the end of next year, and it will reach 20,000 points next year. but. China and Hong Kong stocks are less directly affected by the U.S. tariffs, but will be indirectly affected by the weakening of the overall economy.

European stock markets performed well, with British and German stocks closing about 0.4% higher, and French stocks rebounding slightly by 0.03%.

The new U.S. Treasury Secretary Scott Bessent will cautiously implement the "America First" policy, which will help reduce the shock to the market. Investors breathed a sigh of relief, and U.S. stocks rose significantly on Monday. After opening 88 points higher, the Dow climbed up to 519 points, hitting a new record high of 44,815 points, and closed at a record high; the S&P 500 also broke through the top, once rising 0.86% to 6,020 points; the Nasdaq, which is dominated by technology stocks, It had risen 1.08%.

At the close of the U.S. market, the Dow soared 440 points, or 0.99%, to 44,736 points; the S&P 500 rose 18 points, or 0.3%, to 5,987 points; the Nasdaq rose 51 points, or 0.27%, to 19,054 points.

The U.S. dollar index fell as much as 0.9% to 106.583; the euro rebounded 1.08%, reaching a high of $1.053; the yen rose 0.79% to 153.55 per dollar.

[inkovsky]

Last Friday, after opening 12 points higher at 19,613 points, the Hang Seng Index rose 110 points to 19,711 points in the early morning. Selling pressure intensified in the afternoon and fell 466 points to a nearly two-month low of 19,134 points. It closed down 371 points or 1.89% for the whole day. 19,229 points; the technology index fell 111 points or 2.56% to 4,246 points. Main board transaction volume increased to HK$157.9 billion.

For the whole week, the Hang Seng Index fell 196 points or 1.01%.

Last week, the Hang Seng Index fell below the 4-week-long horizontal zone with a big black candlestick, and fell below the May rebound wave peak of 19,706. The trend took a turn for the worse. Last week, it further fell below the previous rising wave of fibo 0.618 at 19,361, and the daily chart If it falls below the rising flag, it is expected to continue to find the bottom. The next support is the 100-DMA (18,756). This Wednesday (27th) is the peak day for spot-month index futures rollover. Thursday and Friday are the settlement day for spot-month index futures and the settlement day for spot-month OTC derivatives respectively. Due to Hang Seng Index still below the current 10-DMA ( 19,674), this month’s futures may be held and settled at a lower level. If there is a short-term rebound in the Hang Seng Index, the 10-DMA is expected to have initial resistance. If the market wants to get rid of the weak state of trying to test the bottom, it must successfully cross it again and hold firmly above this line. Although there have been eye-catching IPOs in the Hong Kong stock market recently, the scale is not large in terms of the amount of funds raised. It is expected that it will be difficult to stimulate the sentiment of the Hong Kong stock market. In addition, the market lacks good news, and the Hong Kong stock market has no upward momentum.

British, French and German stocks closed up 1.38%, 0.58% and 0.92% respectively.

The U.S. Composite Purchasing Managers Index (PMI) rose to 55.3 in November from 54.1 in October, the fastest pace of expansion since April 2022, better than expected, indicating further expansion of U.S. economic activity and positive market sentiment. U.S. stocks performed well last Friday, with the Dow Jones Industrial Average expanding its gains to 453 points after opening flat, reaching a high of 44,323 points, and closing at a record high; the S&P 500 once rose 0.41%; the Nasdaq gave up as much as 0.38% before stabilizing.

At the close of the U.S. market, the Dow Jones Industrial Average rose 426 points, or 0.97%, to 44,296 points; the S&P Index rebounded 20 points, or 0.35%, to 5,969 points; the Nasdaq rebounded 31 points, or 0.16%, to 19,003 points. Last week, the Dow Jones Industrial Average rose 2%, the S&P 500 rose 1.7%, and the Nasdaq gained 1.7%.

The U.S. dollar index rose as much as 1.03% to 108.071; the yen once rose 0.37% to 153.97 per dollar, and then fell 0.31% to a low of 155.03. The Euro fell sharply by 1.33% to $1.0335, a new low since November 2022.

Bitcoin once approached the $100,000 mark, rising as much as 2.6% to a high of $99,767. The origin of Bitcoin is to "decentralize", and Trump's policy runs counter to this.

[inkovsky]

Hong Kong stocks repeatedly turned soft. After opening 58 points lower at 19,646 points, the Hang Seng Index rose 59 points to 19,764 points. Selling pressure increased in the afternoon and once fell 152 points to a low of 19,552 points. It fell 103 points or 0.52% for the whole day to 19,601 points, marking its third consecutive rise. The trend ended; the technology index fell 54 points, or 1.24%, to 4,358 points. Main board transaction volume was HK$119.2 billion.

Hong Kong stocks have maintained a narrow range recently, and transactions have also decreased significantly. This is mainly due to three major factors. First, the market is worried that the political and economic situation after Trump's election will affect the performance of the Chinese and Hong Kong stock markets. Second, debt interest rates continue to rise, making the cost of capital high. , coupled with the continued strength of the US dollar, is not conducive to the performance of Chinese stocks; thirdly, the market is waiting to see the mainland's policy measures, and it is difficult to regain an optimistic atmosphere before big moves are launched. It is expected that the Hang Seng Index will remain in the range of 19,300 to 20,000 points and continue to decline, while various stocks tend to develop individually in the short term.

European stock markets developed individually, with British and German stocks rising 0.79% and 0.74% respectively. While luxury goods stocks led the decline, French stocks fell back 0.25% before closing up 0.21%.

U.S. stocks continued to rise repeatedly on Thursday. After opening 130 points higher, the Dow Jones Industrial Average turned slightly lower for a time, then rose sharply and broke through the 44,000-point mark, reaching a maximum of 44,020 points, an increase of 611 points; the S&P 500 index once fell 0.5% to The Nasdaq, which is dominated by technology stocks, once fell 1.33%, and both of them also rose later.

At the close of the U.S. market, the Dow Jones Industrial Average closed at 43,870 points, up 461 points, or 1.06%; the S&P Index rose 31 points, or 0.53%, to 5,948 points; and the Nasdaq Composite rose 6 points, or 0.03%, to 18,972 points.

The U.S. dollar index turned from falling to rising, once rising 0.45% to 107.16; the Euro fell 0.79% to $1.0463; the Japanese yen rose as much as 0.98% to 153.91 per dollar.

Bitcoin hit the $100,000 mark, rising another 5.5% to a high of $99,027. The origin of Bitcoin is to be "decentralized," and Trump's actions run counter to this.

[inkovsky]

The Hang Seng Index opened 40 points lower at 19,623 points and then held within a narrow range. The difference between the high and low points was only 177 points. It rose 41 points or 0.21% to 19,705 points for the whole day, rising for the third consecutive day. The Technology Index rose 18 points or 0.41% to 4,413 points. point. Main board turnover shrank to HK$114.6 billion.

The Hong Kong stock market maintains a sideways pattern, fluctuating between 19,300 and 20,000 points. It is advisable to hold on to last week's low of 19,332 points, otherwise it will test the previous gap level of 19,000 points, or even the 150-DMA (18,525). The market is mainly affected by mainland China's bailout measures and other factors, such as the possibility that US President-elect Trump will trigger a Sino-US trade war. The Hang Seng Index will have a clear direction only when the situation becomes clearer.

European stock markets rose first and then recovered, with British, French and German stocks falling 0.17%, 0.43% and 0.29% respectively.

Investors were waiting to see Nvidia's earnings performance. U.S. stocks performed individually on Wednesday. After opening 27 points higher, the Dow fell as much as 194 points to a low of 43,074 points, and finally rebounded by more than 100 points. The S&P 100 fell 0.95% to The Nasdaq, which is dominated by technology stocks, once fell 1.39%, and both have since stabilized.

U.S. stocks closed at 43,408 points, up 139 points or 0.32%; the S&P 500 was roughly flat at 5,917 points; the Nasdaq fell 21 points or 0.11% to 18,966 points.

The U.S. dollar index reversed two days of decline and once rose 0.67% to 106.92; the yen fell by up to 0.8% to 155.89 per dollar. Euro fell 0.84% ​​to $1.0508.

The Indonesian Congress officially canceled Jakarta's capital status on November 19 and changed it to a special zone. The new capital was established in Nusantara.

[inkovsky]

The Hang Seng Index opened 123 points higher at 19,699 points. The high had risen 181 points to 19,758 points. In the afternoon, it fell 54 points to a low of 19,522 points. It closed up 87 points or 0.44% at 19,663 points for the whole day; the technology index rose 53 points or 1.23%, reported at 4,395 points. Main board turnover was HK$121.9 billion, the lowest since the week and the fifth consecutive trading day of reduced turnover.

The recent trend of Hong Kong stocks has been dominated by mainland policies. The market was not too convinced by the pace and actual amount of earlier rescue measures, dragging Hong Kong stocks down to the range of 20,000 to 21,500 points last month. The market still needs time to wait and see the actual effectiveness of the rescue measures. It is difficult for Hong Kong stocks to make a breakthrough in the short term. The short-term resistance of the Hang Seng Index is expected to be at 20,000 points, and the current value probability is not high. Although some foreign brokerages have been bearish on Hong Kong stocks recently, HSBC Global Research raised its target for the Hang Seng Index by the end of next year by 7% to 23,420 points.

Geopolitical instability has plagued European stocks, with British, French and German stocks falling 0.13%, 0.67% and 0.67% respectively.

Ukraine reportedly used missiles made by Western countries to attack targets in Russia for the first time. At the same time, Russian President Vladimir Putin agreed to update the code for the use of nuclear weapons. Any country's conventional attack against Russia and Belarus may face a nuclear response. The market is worried that the Russia-Ukraine war has entered a dangerous new stage. U.S. stocks developed individually on Tuesday. After the Dow opened 146 points lower, the decline once expanded to 450 points and hit a low of 42,938 points. The Nasdaq once fell 0.54%, but quickly climbed from its lows, rising as much as 1.07%. In fact, the impact of geopolitics on the market will only be short-lived. I believe that US President-elect Trump will take office soon and Russia will have no incentive to escalate the situation.

At the close of the U.S. market, the Dow Jones Industrial Average closed at 43,268 points, down 120 points, or 0.28%; the S&P Index rose 23 points, or 0.4%, to 5,916 points; the Nasdaq rose 195 points, or 1.04%, to 18,987 points.

The U.S. dollar index once fell 0.16% to 106.11; the euro once fell 0.7% to $1.0524, and the yen rose as much as 0.89% to 153.29 per dollar, before turning slightly lower. The euro fell 0.58% against the Swiss franc to a two-month low of 0.9305, before recovering most of its losses.

Bitcoin rose as much as 4.1% to about $94,000.

[inkovsky]

Hong Kong stocks rebounded after six consecutive losses. The Hang Seng Index opened 169 points higher at 19,595 points and later rose 354 points to 19,781 points. It rose 150 points or 0.77% for the whole day to 19,576 points. The Technology Index rose 13 points or 0.31% to 4,341 points. Main board transaction volume was HK$141 billion.

Hong Kong stocks will fluctuate between 19,300 and 20,000 points this week. It is advisable to hold on to last week's low of 19,332 points, otherwise it will test the previous gap level of 19,000 points, or even the 150-DMA (18,488). Last week, the China Securities Regulatory Commission issued the "Supervisory Guidelines for Listed Companies No. 10 - Market Value Management", which aims to further guide listed companies to pay attention to their own investment value and effectively improve investor returns. The guidelines hope to raise market expectations for investment in Chinese stocks. There is room for value in stocks with low price-to-book ratios, such as domestic banking stocks and infrastructure stocks, which are expected to increase dividends and buybacks.

European stock markets developed individually, with German stocks falling 0.11%, while British and French stocks rose 0.57% and 0.12% respectively. ​

The U.S. 10-year bond interest rate rose to close to 4.5%, and the market was waiting to see who would be the U.S. Treasury Secretary. U.S. stocks lacked a clear direction in the early hours of Monday. After opening 13 points lower, the Dow fell back as much as 147 points and as low as 43,297 points. It fell after rising 0.1%, while the Nasdaq, which is dominated by technology stocks, rebounded 0.88%.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 55 points, or 0.1%, to 43,389 points; the S&P Index rose 23 points, or 0.39%, to 5,893 points; and the Nasdaq Composite rose 111 points, or 0.6%, to 18,791 points.

The U.S. dollar index retreated 0.17% to 106.502, the euro rose 0.32% to $1.0574, and the yen fell 0.69% to 155.36 per dollar.

[inkovsky]

Last Friday, the Hang Seng Index opened 67 points higher at 19,503 points and then struggled. The high rose by 172 points to 19,608 points, and the low fell by 103 points to 19,332 points. It fell 9 points or 0.04% throughout the day to 19,426 points; the technology index rose 9 points or 0.22%, quoted at 4,327 points. Main board transaction volume was HK$155.4 billion.

Hong Kong stocks fell for 6 days in a row. The Hang Seng Index fell from a low of 19,332 to a high of 20,517 last week, with a total loss of 1,301 points in a week. However, last Friday it fell below the horizontal zone with a big black candlestick, fully covering the rising gap on September 27 (19,954 to 20,268), and fell below the May rebound wave top of 19,706 points, and the trend took a turn for the worse; if 19,361 points were confirmed to have fallen , the initial support should fall back to 100-DMA (18,675), the next support is 150-DMA (18,471), and the weakest situation may see 250-DMA (17,691).

Fortunately, last week's HSI drop to 19,361 points of fibo 0.618 of the last rising wave , temporarily stabilized, and there may be a short-term rebound. If the market wants to get rid of the weak state of continuing to find a bottom, the Hang Seng Index must first successfully cross the 50-DMA (19,840) and hold firmly above the 20,000 level. However, judging from the current performance of the market, the market may have more than stabilized, but its rise is weak.

The Federal Reserve still has a chance to cut interest rates next month, but after the new U.S. president takes office next year, policy changes will make the direction of interest rates difficult to predict. The strengthening of the U.S. dollar will cause the RMB to continue to depreciate, which is unfavorable to the trend of Hong Kong stocks. In addition, the mainland's latest economic data has been mixed, and the recently launched economic stimulus measures are also lagging behind the market. Investors are still waiting to see whether more supportive policies will be introduced.

European stocks were soft, with British, French and German stocks falling 0.09%, 0.58% and 0.27% respectively.

U.S. Federal Reserve Chairman Powell reiterated that he was in no rush to cut interest rates, cooling market expectations for a U.S. interest rate cut in December and dragging down U.S. stocks early on Friday. After the Dow opened 162 points lower, the decline expanded to a maximum of 344 points and a low of 43,406 points; the S&P 500 dropped 1.05%, while the Nasdaq Composite, dominated by technology stocks, fell 1.69%.

U.S. stocks closed at 43,444 points, down 305 points; the S&P 500 dropped 78 points, or 1.32%, to 5,870 points; the Nasdaq dropped 427 points, or 2.24%, to 18,680 points.

The U.S. dollar index was once close to a one-year high of 107.07, and was last at 106.68, down 0.19%. The Euro rose 0.6% to $1.0593, and the Japanese yen rose 0.72% to 155.13 per dollar. Bitcoin rose 2.8% to nearly $90,700.

[inkovsky]

On the first "turbulent" trading day for the Hong Kong stock market, the Hang Seng Index opened 197 points lower at 19,626 points and once rose 35 points to 19,859 points. Afterwards, selling pressure reappeared and fell 430 points in the afternoon, reaching a low of 19,392 points. It closed down 387 points or 1.95% for the whole day to 19,435 points, falling for the fifth consecutive trading day and falling below the 50-DMA (19,805). The technology index fell 137 points or 3.08% to 4,318 points and fell 20 points from its October high. 20%, falling into a technical bear market. Main board transaction volume was HK$173.2 billion.

U.S. inflation data last month were generally in line with expectations. After the data was released, market expectations for an interest rate cut in December increased. In fact, the market is waiting to see whether Trump will stick to the many policies and actions proposed during the campaign after he takes office as President of the United States next year, and its impact on inflation and even the direction of interest rates. Although the U.S. dollar is weak in the medium and long term, it still has upward momentum in the short term, and non-U.S. currencies, including the RMB, are under depreciation pressure. Hong Kong stocks are not affected much by the external environment for the time being, but the economic stimulus measures announced by the Mainland last week disappointed the market, and investors are worried that Sino-US trade relations may become tense again. The Hang Seng Index may be further pressured in the short term, but I believe the 100-DMA (18,661) There is support.

European stock markets performed well, with British, French and German stocks rising 0.51%, 1.32% and 1.37% respectively.

The U.S. producer price index (PPI) accelerated to 2.4% year-on-year in October from 1.9% in September, exceeding expectations of a 2.3% rise. Federal Reserve Chairman Powell stated that he believed the authorities should not rush to raise interest rates. U.S. stocks rose first and then recovered on Thursday. After the Dow opened 74 points higher, the increase expanded to 122 points, reaching a high of 44,080 points, and then fell. It had fallen back more than 200 points before Powell's speech. After Powell's speech, the Dow's decline once expanded to 253 points. , hitting an intraday low of 43,704 points; the S&P 500 had fallen 0.72%, and the Nasdaq, which is dominated by technology stocks, fell at most 0.82%.

U.S. stocks closed at 43,750 points, down 207 points or 0.47%; the S&P 500 fell 36 points or 0.6% to 5,949 points; the Nasdaq fell 123 points or 0.64% to 19,107 points.

The U.S. exchange rate index once rose 0.55% to 107.064; the currency market is betting that the European Central Bank has a 25% chance of cutting interest rates by 0.5% next month. The Euro once fell to $1.05, a drop of 0.62% to as low as $1.0499; the yen also fell 0.6 %, to 156.42 per dollar.

Bitcoin continued to fluctuate sharply, reaching a record high of US$93,462 on Wednesday (13th), and then retreated below US$90,000. On Thursday, it rose another 3.44% to nearly US$91,700, and then fell by more than 1%, falling to below $88,000.

[inkovsky]

The Hang Seng Index opened 174 points lower at 19,671 points, and then fell 238 points to 19,608 points. In the afternoon, the decline gradually narrowed due to the rebound of A-shares. It closed at 19,823 points for the whole day, down 23 points or 0.11%, and fell for the fourth consecutive time. On the trading day; the technology index fell 1 point, or 0.02%, to 4,455 points. Main board transaction volume was HK$184.6 billion.

The Hong Kong stock market fell below the 20,000 mark again. The market's weakness was mainly due to two major factors. First, after Trump won the US election, the market was worried that after he took office, Sino-US relations would become tense again, and the Chinese economy may face further pressure. In addition, as the US dollar strengthens, the RMB exchange rate continues to depreciate, which is also detrimental to the stock market. After the Hang Seng Index fell below the 20,000 level, it was lucky to hold on to the 50-DMA (19,775) yesterday. Otherwise, the market may have to test the 100- (18,650) in the future support.

European stock markets developed individually, with British stocks rising 0.06%, French and German stocks falling 0.14% and 0.16%.

The U.S. Department of Labor announced that the Consumer Price Index (CPI) rose to 2.6% in October, in line with expectations. The Federal Reserve is expected to continue cutting interest rates next month. However, U.S. stocks were weak on Wednesday. After opening 30 points lower, the Dow turned around and rose as much as 230 points. point, reaching 44,141 points, and then stabilized repeatedly; the S&P 500 index rose by 0.4%; the Nasdaq, which is dominated by technology stocks, fell by up to 0.47%.

U.S. stocks closed at 43,958 points, with the Dow Jones Industrial Average up 47 points, or 0.11%; the S&P Index rose 1 point, or 0.02%, to 5,985 points; and the Nasdaq Composite fell 50 points, or 0.26%, to 19,230 points.

The U.S. dollar index once rose 0.49% to 106.54; the Euro fell 0.63% to $1.0557; the Japanese yen fell as much as 0.65% to 155.63 per dollar.

Bitcoin repeatedly broke through the top, rising up to 8.3%, reaching a high of $93,445.

Biden and Trump met in the Oval Office for 2 hours, and the atmosphere was relaxed.

[inkovsky]

After the Hang Seng Index opened 92 points lower at 20,334 points, it once rose 90 points to 20,517 points, and then came under pressure again. It fell below the 20,000-point mark in the afternoon and once fell 665 points to 19,761 points. It fell 580 points or 2.84% for the whole day. 19,846 points; the technology index fell 194 points or 4.18% to 4,456 points. Main board transaction volume was HK$234.2 billion.

Hong Kong stocks fell for the third consecutive trading day. Yesterday, the decline intensified after fully covering the upward gap on September 27 (19,954 to 20,268). In the short term, it depends on whether the 50-DMA (19,735) can provide support. The scale and details of the mainland's bailout plan disappointed the market. The Hang Seng Index fell below the 20,000 mark. The market outlook is expected to fluctuate between 19,735 and 20,000 points.

European stock markets were soft, with British, French and German stocks closing down 1.22%, 2.69% and 2.13% respectively.

Before the U.S. released October inflation data on Wednesday, bond interest rates continued to rise, and U.S. stocks, which had been rising for several days, consolidated. After the Dow opened 66 points higher on Tuesday, the gain expanded to 112 points, reaching a high of 44,405 points, but then turned around and fell 405 points. , as low as 43,887 points; the S&P 500 index once fell by 0.69%; the Nasdaq, which is dominated by technology stocks, fell by 0.67%.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 382 points, or 0.86%, to 43,910 points; the S&P 500 dropped 17 points, or 0.29%, its first fall after the election, to 5,983 points; and the Nasdaq Composite fell 17 points, or 0.09%, to 19,281 points.

The U.S. dollar index continued to rise by 0.6% to 106.18; the euro fell by up to 0.57% to a low since April of $1.0595; the yen also fell by 0.78% to 154.92 per dollar.

Bitcoin once broke through the US$90,000 mark and reached a new high of US$90,036, an increase of more than 5%.

[inkovsky]

Mainland China's stimulus measures did not meet market expectations. The Hang Seng Index opened 470 points lower at 20,258 points. It later fell 576 points to a low of 20,151 points. The decline narrowed in the afternoon and closed down 301 points or 1.45% at 20,426 points; the technology index fell. 16 points or 0.35%, reported at 4,651 points. Main board transaction volume was HK$204.3 billion.

The mainland announced last week a 6 trillion RMB incremental plan to resolve local debt, which fell short of market expectations and dragged down the Hong Kong stock market to undergo a significant adjustment on Monday (11th). However, it is expected that investors will continue to pay attention to whether there will be further fiscal stimulus policies in the mainland. Heavy technology stocks will also announce their results one after another. It is believed that the seesaw situation will continue after the market adjustment is completed. The upper resistance of the Hang Seng Index is at 21,000 points. On September 27 The daily rising gap (19,954 to 20,268) is an important defensive position.

European stock markets rose across the board, with British, French and German stocks rising by 0.65%, 1.2% and 1.21% respectively.

U.S. stocks continued their strong rise after the U.S. presidential election last week on Monday, with some "Trump trades" catching up. The three major indexes all reached their peaks during the session. After the Dow opened 68 points higher, the gains immediately expanded to a maximum of 497 points. High views 44,486 points; the S&P 500 index rose for five consecutive days, once rising 0.36% to 6,017 points; the Nasdaq Composite, which is dominated by technology stocks, once rose 0.41% to 19,366 points. At the close of the U.S. market, the Dow Jones Industrial Average stood above 44,000 points for the first time in history, and the S&P 500 index stood above 6,000 points for the first time in history. Both indexes reached record closing highs.

At the close, the Dow Jones Industrial Average closed at 44,293 points, soaring 304 points or 0.69%; the S&P Index rose 5 points or 0.1% to 6,001 points; the Nasdaq rose slightly by 12 points or 0.06% to 19,298 points.

The U.S. dollar's strength was evident, with the U.S. dollar index rising as much as 0.68% to 105.71; a summary of the Bank of Japan's last interest rate meeting showed that officials signaled a cautious attitude toward raising interest rates, and the yen once fell 0.87% to 153.96 per dollar. The Euro was under heavy selling pressure and once fell 0.85% to a low since June of $1.0629.

After Bitcoin rose above $80,000 for the first time on Sunday, it rose another 11.4% on Monday, reaching a maximum of nearly $87,500, setting a new historical record.

[inkovsky]

The National People's Congress Standing Committee meeting concluded last Friday. The market is looking forward to the introduction of a new round of stimulus measures. Hong Kong stocks opened higher and then fell. The Hang Seng Index opened 246 points higher, and once soared more than 400 points, hitting a high of 21,355 points. It then fell as much as 248 points, reaching a low of 20,705 points. It finally closed down 225 points, or 1.07%, at 20,728 points. The market turnover exceeded 2,330 billion Hong Kong dollars.

The decline of the Hang Seng Index has slowed down in the past four weeks, and the volatility has narrowed, forming a horizontal zone. Last Friday, it once broke through the narrow horizontal range, but then recovered sharply as it approached the top of the larger range. It is expected that today the Hang Seng Index will cover the rising gap on September 27 (19,954 to 20,268), after finding support, will still fluctuate between 19,700 and 21,600 in the short term, waiting for a breakthrough.

On November 8, the National People's Congress of China approved an increase in the debt limit of local governments by 6 trillion RMB to replace existing implicit debts, hoping to make room for local governments to better develop the economy and protect people's livelihood. This may not be enough for local government debt with more than 100 trillion RMB. Such weak stimulation disappointed the market. FTSE China A50 Index futures plummeted 3%, and A-shares are still likely to fall sharply.

European stock markets came under pressure, with British, French and German stocks falling 0.84%, 1.17% and 0.76% respectively.

The rally in U.S. stocks triggered after the U.S. presidential election continued, and investors digested the Federal Reserve's outlook for future interest rate cuts. After the Dow opened 39 points higher on Friday, its gains expanded to 427 points, reaching a peak of 44,157 points. It broke through the 44,000-point mark for the first time; the S&P 500 hit its peak again and broke through the 6,000-point mark, once rising 0.66% to 6,012 points. The Dow hit a new market high for the third consecutive day, and the S&P 500 also closed at a new high; the Nasdaq fell at most. rose 0.25%.

At the close of U.S. stocks, the Dow rose 259 points, or 0.59%, to 43,988 points; the S&P 500 rose 22 points, or 0.38%, to 5,995 points; the Nasdaq rose 17 points, or 0.09%, to 19,286 points.

The U.S. 10-year bond yield fell by up to 7.7 basis points to 4.265%.

The US dollar index once rose 0.67% to 105.21, and the Euro retreated 1.07% to $1.0688. The yen rose as much as 0.52% to 152.14 per dollar.

Bitcoin once rose 2.3% to nearly $77,300, continuing to hit a record high.

[inkovsky]

Investors assessed the prospects of Sino-U.S. relations and hoped that the mainland would step up efforts to rescue the market. The Hang Seng Index opened 152 points lower at 20,386 points, and then turned upward. It once rose 447 points to 20,986 points, rising 414 points or 2.02% for the whole day. 20,953 points; the technology index rose 103 points or 2.25% to 4,677 points. Main board transaction volume was HK$219.7 billion.

Hong Kong stocks rebounded yesterday, breaking through the rising wave and retreating at 20,900 points of fibo 0.382, with a chance to test the resistance of 21,300 points. The market is also looking forward to further interest rate cuts by the Federal Reserve and whether stimulus economic policies will be implemented at the important mainland meeting. The Hang Seng Index is expected to maintain a range of 20,000 to 21,500 points.

European stock markets developed individually, with British stocks falling 0.32% and French stocks rising 0.76%. The market is looking forward to the upcoming general election in Germany, which will help revitalize the economy, and German stocks surged by about 1.7%.

The U.S. Federal Reserve announced an interest rate cut of 0.25% after the meeting. The statement after the meeting stated that the risks to achieving the inflation and employment goals are roughly balanced. After the interest rate cut decision was released, the market generally expected the Federal Reserve to cut interest rates by another 0.25% in December. U.S. bond interest rates have fallen, and U.S. stocks have repeatedly performed well. The three major indexes have reached their peaks in consecutive days. The Dow rose as much as 93 points to 43,823 points. The S&P 500 once rose 0.92% to 5,983 points. The Nasdaq, which is dominated by technology stocks, continued to rise by 1.68 points. %, reaching a high of 19,301 points. The Nasdaq and S&P 500 also closed at record highs.

At the close of U.S. stocks, the Dow Jones Industrial Average fell slightly by less than 1 point, to 43,729 points; the S&P Index rose 44 points, or 0.74%, to 5,973 points; and the Nasdaq Composite Index rose 285 points, or 1.51%, to 19,269 points.

The U.S. dollar index retreated at most 0.86%, reaching a low of 104.19; the euro rose 0.9% to $1.0828; the yen rose 1.25% to 152.7 per dollar. The Bank of England cut interest rates by 0.25% as expected, but gave no hint of accelerating the pace of easing and warned that the latest Budget would push up inflation. The pound rose 1.02% to US$1.301; the Australian dollar rebounded 1.81%, reaching a high of 66.89 US cents. Bitcoin fell back 3.2% to nearly $74,500 before stabilizing.

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Investors assessed the prospects of Sino-U.S. relations and hoped that the mainland would step up efforts to rescue the market. The Hang Seng Index opened 152 points lower at 20,386 points, and then turned upward. It once rose 447 points to 20,986 points, rising 414 points or 2.02% for the whole day. 20,953 points; the technology index rose 103 points or 2.25% to 4,677 points. Main board transaction volume was HK$219.7 billion.

Hong Kong stocks rebounded yesterday, breaking through the rising wave and retreating at 20,900 points of fibo 0.382, with a chance to test the resistance of 21,300 points. The market is also looking forward to further interest rate cuts by the Federal Reserve and whether stimulus economic policies will be implemented at the important mainland meeting. The Hang Seng Index is expected to maintain a range of 20,000 to 21,500 points.

European stock markets developed individually, with British stocks falling 0.32% and French stocks rising 0.76%. The market is looking forward to the upcoming general election in Germany, which will help revitalize the economy, and German stocks surged by about 1.7%.

The U.S. Federal Reserve announced an interest rate cut of 0.25% after the meeting. The statement after the meeting stated that the risks to achieving the inflation and employment goals are roughly balanced. After the interest rate cut decision was released, the market generally expected the Federal Reserve to cut interest rates by another 0.25% in December. U.S. bond interest rates have fallen, and U.S. stocks have repeatedly performed well. The three major indexes have reached their peaks in consecutive days. The Dow rose as much as 93 points to 43,823 points. The S&P 500 once rose 0.92% to 5,983 points. The Nasdaq, which is dominated by technology stocks, continued to rise by 1.68 points. %, reaching a high of 19,301 points. The Nasdaq and S&P 500 also closed at record highs.

At the close of U.S. stocks, the Dow Jones Industrial Average fell slightly by less than 1 point, to 43,729 points; the S&P Index rose 44 points, or 0.74%, to 5,973 points; and the Nasdaq Composite Index rose 285 points, or 1.51%, to 19,269 points.

The U.S. dollar index retreated at most 0.86%, reaching a low of 104.19; the euro rose 0.9% to $1.0828; the yen rose 1.25% to 152.7 per dollar. The Bank of England cut interest rates by 0.25% as expected, but gave no hint of accelerating the pace of easing and warned that the latest Budget would push up inflation. The pound rose 1.02% to US$1.301; the Australian dollar rebounded 1.81%, reaching a high of 66.89 US cents. Bitcoin fell back 3.2% to nearly $74,500 before stabilizing.

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Investors are worried that Sino-US relations will become tense after Republican presidential candidate Trump returns to the White House, putting Hong Kong stocks under pressure. The Hang Seng Index opened 215 points lower at 20,791 points and later fell 645 points to 20,361 points. It fell 468 points or 2.23% for the whole day to 20,538 points. The Technology Index fell 119 points or 2.54% to 4,574 points. Main board transaction volume increased to HK$216.8 billion.

It is expected that after Trump takes office, the United States will begin to invest heavily in infrastructure, vigorously develop cryptocurrency, reconstruct the financial system, close bloated government departments, reduce the power of the Federal Reserve, restore manufacturing, strengthen agricultural production, build high-speed rail, highways, and old cities. Transform, support Musk’s Mars plan, restore conservative national values, close borders, expel illegal immigrants, start to increase taxes on other countries, and charge additional service fees for those who need protection. The rivalry between China and the United States will intensify in the short term, and related sectors should be avoided temporarily, including automobile stocks, chip stocks, biopharmaceutical stocks and export stocks. In addition, Trump had earlier stated that he was confident of resolving the Russia-Ukraine war as quickly as possible, which may put pressure on oil prices. The short-term fluctuations of the Hang Seng Index may increase, with support at 19,700 to 20,100 points at the bottom and resistance at 21,000 points at the top.

In European stock markets, British, French and German stocks fell 0.07%, 0.51% and 1.13% respectively. Asia-Pacific stock markets were led by exports and banks, and Japanese stocks were strong. The Nikkei Stock Average soared 2.61%, but the South Korean stock market fell 0.52%.

Pro-business Republican candidate Trump returned to the White House, spurring the three major U.S. stock indexes to peak on Wednesday and hit record highs. After the Dow opened 628 points higher, the gain expanded to a maximum of 1,556 points, reaching a high of 43,778 points. The S&P 500 once rose 2.65% to 5,936 points. The Nasdaq, which is dominated by technology stocks, once rose 3.04% to 19,000 points.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 1,508 points, or 3.57%, to 43,729 points; the S&P Index rose 146 points, or 2.53%, to 5,929 points; and the Nasdaq Composite rose 544 points, or 2.95%, to 18,983 points.

The market expects that Trump's re-election may affect the pace of interest rate cuts by the US Federal Reserve, and the US dollar will show strength. The U.S. dollar index rose 1.5% to 105.04; the Japanese yen fell 1.6%, and the offshore RMB fell below the 7.15 level.

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The Hang Seng Index opened 157 points lower at 20,409 points, which was already the day's low. It then recovered its losses and rose more and more, and finally closed at the day's highest point of 21,006 points, up 439 points or 2.13%, rising for the third consecutive trading day; Technology Index It rose 161 points or 3.56% to 4,693 points. Main board transaction volume was HK$169.9 billion.

The market focused on the results of the U.S. presidential election. U.S. stocks came under pressure overnight, but the decline was limited. Hong Kong stocks are not greatly affected by external factors. Investors are still waiting to see whether further economic stimulus measures will be introduced at the important mainland meeting. The Hang Seng Index is expected to have support at 20,000 points, while the upper resistance is at 21,500 points.

European stock markets developed individually, with British stocks falling 0.14%, French and German stocks rising 0.48% and 0.57% respectively.

As the market awaits the results of the U.S. presidential election, the latest service industry data is satisfactory. The ISM service industry index rose to 56 in October from 54.9 in September, which is the fastest expansion since mid-2022 and is better than the expected 53.8, driving the U.S. stocks rose significantly on Tuesday. After the Dow opened 40 points higher, the gain expanded to a maximum of 464 points, reaching a high of 42,258 points. The S&P 500 and the Nasdaq Composite, which is dominated by technology stocks, also closed close to the day's high, with all three major indexes rising by more than 1%.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 427 points, or 1.02%, to 42,221 points, the S&P 500 rose 70 points, or 1.23%, to 5,782 points; the Nasdaq rose 259 points, or 1.43%, to 18,439 points.

The U.S. dollar index fell by up to 0.5% to 103.37, the Euro rose by 0.55% to $1.0939, and the Japanese yen rose by 0.52% to 151.34 per dollar.