U.S. stock market morning session | September non-farm payroll data far exceeded expectations, with the three major indices opening higher before falling back slightly; most technology stocks rose, with AMD, tesla, and amazon up more than 2%.
As of press time, the Dow rose by 0.63%, the Nasdaq rose by 1.03%, and the s&p 500 index rose by 0.68%.
Express News | The three major U.S. stock indexes collectively opened higher, with the Dow rising 0.58%, the Nasdaq rising 1.18%, and the S&P 500 index rising 0.78%. China concept stocks continue to strengthen, with Trip.com up over 7%, JD.com up nearly 4%, Alibaba and
Shares of US-listed Chinese Stocks Are Trading Higher as the Sector Rebounds Following Thursday's Selloff. Strength May Be Due to the Recent Stimulus Package and the Golden Week Holidays.
US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
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China Stocks Rally Reignites as Alibaba, JD.com, Tencent Shares Rise. What's Driving It. -- Barrons.com
Hong Kong stocks continue to celebrate during the National Day holiday, with the Hang Seng Index soaring 17% in a single week! Bullish sentiment before the opening of A-shares.
Since the temporary low point in September, the Hang Seng Index has risen sharply by over 35%; traders are anxiously awaiting the release of holiday data and fiscal stimulus details.
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Hong Kong stocks become the "hottest" stock market in the world! The Hang Seng Index has risen nearly 40% so far this year, with brokerage stocks surging sixfold in five days. How will the future market evolve?
It is noteworthy that brokerage stocks, as the vanguards of the bull market, play the role of "front-runners" in this current uptrend. Moreover, Chinese-affiliated brokerage stocks in the Hong Kong market have shown astonishing increases, indicated by the gains over the past five trading days.
Japan's new Prime Minister Shigeru Ishiba emphasizes: the top economic priority is to overcome deflation.
Shigeru Ishiba emphasized in his speech that his primary economic task is to overcome deflation and put the country on a stable growth track.
Hong Kong Stocks End Week Higher as Tech Counters Rally
Express News | Ishares MSCI China ETF up 4.6%, Ishares China Large Cap ETF up 4.1%, Kraneshares CSI China Internet ETF up 4.8%
Express News | JD.com up 5.8%, Li Auto up 5.4%, NIO up 3.7%, Xpeng up 4%
Express News | Alibaba up 4%, PDD Holdings up 3.8%, NetEase up 2.5%, Baidu up 4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Hong Kong Stocks Close up Nearly 3%
[Brokerage Focus] Citic Securities is firmly bullish on the entire technology sector as a direction for future additional positions.
Jingu Financial News | Citic Securities stated that the preferred sectors for technology industry investment are internet plus-related, software, and smart automobile. Since September 24, a combination of policies has significantly improved market sentiment. The firm believes that the technology sector is a dual-currency investment sector: 1) with policy expectations improving, the technology sector has strong valuation elasticity; 2) as policies related to data industry gradually take effect, they are expected to boost the performance elasticity and revenue expectations of AI-related companies in the future; 3) the technology sector will benefit in the long term from the productivity improvement driven by AI, and the successful experience of the USA's data intelligence industry chain is worth learning from by China, opening up the TAM space; 4) in anticipation of Fed rate cuts.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
HK stocks surged | Network technology stocks opened low but continued to rise, driving the Hengke Index up by over 4% again. The 'China Dragon' ETF debuted on the US stock market on Thursday.
Network technology stocks opened lower in the morning but continued to rise, driving the Hang Seng Tech Index up by over 4%. As of the time of publication, Meituan-W (03690) rose by 3.8% to 212.8 Hong Kong dollars; Alibaba-W (09988) rose by 3.45% to 113.8 Hong Kong dollars; Tencent (00700) rose by 2.53% to 478 Hong Kong dollars; Baidu Group-SW (09888) rose by 1.01% to 109.9 Hong Kong dollars.
Latest data exposed! Foreign investment accelerates building positions in Chinese assets, with multiple stocks ratings upgraded.
More and more data confirms that during this round of A-shares and Hong Kong stock market rallies, foreign capital has been actively buying Chinese assets.
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