Hong Kong stock market outlook: China Hongqiao's net income for the first half of the year increased by 273% to 9.155 billion yuan; Hang Seng Index announced the quarterly results, involving multiple companies including New Oriental.
S&P, NASDAQ have risen for 7 consecutive days, and the three major indexes have achieved the largest weekly increase this year; important adjustments to the information disclosure mechanism for Shanghai-Hong Kong Stock Connect trading will be made on August 19; the expectation of a rate cut by the Federal Reserve has pushed gold up to $2,500, setting a new record high.
Futu Morning News | Fed policymakers "soften" their stance: it's time to consider interest rate cuts; during the sharp drop in US stocks in August, hedge funds and individual investors aggressively bought tech giants at a low price.
The Jackson Hole Central Bank Annual Meeting will be held from August 22nd to 24th in 2024; Harris announced the economic agenda: building houses and subsidizing down payments; urged to buy, and the Alibaba's stock price has risen.
The Inside Story of the separation of Dong Yuhui and Yu Minhong: Loss of Trust and Delicate Relations.
Once the trigger of distrust is pulled, the outcome of many things is no longer under anyone's control.
Mid-day review: the ChiNext Index rose nearly 2.7%, with gains in tech and internet companies, mainland real estate, Baidu up more than 4%, and Shimao Group up more than 12%.
Auto stocks collectively rose, with Li Auto Inc up over 5% and BYD Company up over 4%; Semiconductor Manufacturing International Corporation rose over 6%, with Q2 revenue and net income both exceeding market expectations.
A quick view during trading hours: The three major Hong Kong stock indices have turned upward, with Kuaishou and Tencent rising by more than 2%, and Netease and Alibaba rising by more than 1%.
Auto stocks fell, with NIO down 3%, BYD Company down over 2%; Golden industrial concept performed weakly, with Zhaojin Mining down over 6%; mainland education stocks fell today, with New Oriental down over 6%.
At midday review, Hong Kong stocks collectively rose, with the three major indices up more than 1%; Japan ETF strengthened, and ChinaAMC MSCI Japan Hedged to USD ETF rose nearly 7%.
The components of the Science and Technology Index rose across the board, with Weibo up nearly 7%, Eastbuy up more than 5%, Ctrip Group up nearly 4%, and Tongcheng Travel up more than 3%.