crashteamracingps1| Hong Kong stocks open: The Hang Seng Index opened 0.02% higher and the index rose 0.18%! Auto stocks rebounded, Xiaopeng rose more than 9%, while Netease, JD, and Tencent fell more than 1%

2024-05-22

According to news on May 22, U.S. stocks performed well on Tuesday. Markets competed in a narrow range. The market continued to pay attention to the direction of interest rates. The three major indices all recorded increases and closed, with the S & P 500 and Nasdaq hitting new closing highs. The U.S. dollar is moving better, and the U.S. ten-year bond yield falls back to 4.5 percent.crashteamracingps1At the.41% level, gold prices fell back from high levels, and oil prices showed softer. Today, the three major Hong Kong stock indexes collectively opened higher. The Hang Seng Index rose slightly by 0.02% to 19,225.26 points, the Hang Seng Index rose 0.18%, and the State-owned Enterprise Index rose 0.19%. On the market, gold stocks were mixed, with Lenovo rising more than 3%, Meituan and Xiaomi rising, with Netease, Jingdong, Tencent, and Baidu falling more than 1%; auto stocks collectively recovered, with Xiaopeng rising more than 9%, and fell more than 19% yesterday. The ideal rose more than 1%; property stocks generally rose, with Shimao Group rising more than 3%.

expert opinioncrashteamracingps1

Zhi Yaohui, director of research at Yaocai Securities, said that the three major U.S. stock indexes continued to perform well, with the S & P 500 and Nasdaq index reaching new highs in revenue generating markets, while the Dow rose slightly by 0.17%. Nvidia continued to rise on the eve of its results announcement, and its double venture with Microsoft closed at a new high.

In terms of A-shares, the Shanghai and Shenzhen stock markets failed to reverse their decline after opening lower without showing a rebound. The Shanghai Composite Index fell 0.42% to close at 3,157 points, and the Shenzhen Component Index also fell 0.71% to close at 9,681 points. The full-day transaction volume was less than RMB 800 billion.

As for Hong Kong stocks, the Hang Seng Index is finally undergoing adjustments after several days of improvement. After the Hang Seng Index opened 163 points lower, its momentum continued to expand. It fell by 461 points at most, and reached as low as 19,175 points. In the end, the Hang Seng Index closed at 19,220 points, down 415 points or 2.12%. The index fell by 3.7%, closing at 3,980 points. The full-day transaction volume still exceeded 150.58 billion yuan. Among the constituent stocks, Ideal Automobile (02015) performed the worst, falling 19.3%. In addition, pharmaceutical-related stocks also fell sharply. Jingdong Health (09618), Alibaba Health (00241), WuMing Biotech (02269) and Zhongsheng Pharmaceutical (01177) fell 8.4%, 6.9%, 6.1% and 5.8% respectively; There were only 6 constituent stocks that rose, among which Shenhua (01088) performed the best, rising 1.7% and setting a new high on the market. As for domestic housing stocks, they developed individually. Longhu (00960) rose slightly by 0.3%, but China Overseas (00688) fell by 1.6%.

Although the Hang Seng Index fell yesterday, the upward trend remains for the time being. In the short term, we should pay attention to whether the 19,000-point level can be stabilized. In addition, the trend of A-shares is also worthy of attention. It is expected that the Hang Seng Index will continue to consolidate around the 19,000 level for the time being.

crashteamracingps1| Hong Kong stocks open: The Hang Seng Index opened 0.02% higher and the index rose 0.18%! Auto stocks rebounded, Xiaopeng rose more than 9%, while Netease, JD, and Tencent fell more than 1%

The author holds shares in Nvidia