The Expert's View: Given rising oil prices and U.S. bond yields, although the Hang Seng Index opened slightly higher yesterday (29th), it remained under selling pressure for most of the morning session, preventing any significant upward movement. Although the Shanghai and Shenzhen markets turned upward in the afternoon, briefly narrowing the Hang Seng Index's decline to just dozens of points toward the close, the losses widened again near the end. Ultimately, the Hang Seng Index closed at 24,523, down 118 points or 0.5%, with main board turnover exceeding HK$184.6 billion. The Hang Seng China Enterprises Index closed at 8,178, down 38 points or 0.5%. The Hang Seng Tech Index closed at 4,249, down 46 points or 1.1%.
*Investors should closely monitor this week's economic data and statements from Federal Reserve officials*
Against a backdrop of strong U.S. economic data, high oil prices, and rising interest rate expectations, bond yields are unlikely to fall significantly in the short term. The 10-year yield briefly rose above 5.2%, the highest level since 2007; the 30-year yield even climbed to 5.48%, a 22-year high since 2004. Persistently high U.S. bond yields have dampened global stock market sentiment, leading to a generally weak performance in Asian markets. I suggest investors closely monitor this week's economic data and statements from Federal Reserve officials. On the other hand, due to sluggish Chinese economic conditions and weak consumer confidence, the Hong Kong stock market has performed weakly in recent months. Without significant changes in fundamentals, the market is expected to remain in a volatile pattern in the short term. Senior Independent Stock Analyst, PhD Candidate, Ho Chi-ming
*Articles published in ETNet, whether signed or unsigned, represent the personal opinions of the authors and do not necessarily reflect ETNet's position. ETNet's role is to provide a free platform for expression of views.
*Investors should closely monitor this week's economic data and statements from Federal Reserve officials*
Against a backdrop of strong U.S. economic data, high oil prices, and rising interest rate expectations, bond yields are unlikely to fall significantly in the short term. The 10-year yield briefly rose above 5.2%, the highest level since 2007; the 30-year yield even climbed to 5.48%, a 22-year high since 2004. Persistently high U.S. bond yields have dampened global stock market sentiment, leading to a generally weak performance in Asian markets. I suggest investors closely monitor this week's economic data and statements from Federal Reserve officials. On the other hand, due to sluggish Chinese economic conditions and weak consumer confidence, the Hong Kong stock market has performed weakly in recent months. Without significant changes in fundamentals, the market is expected to remain in a volatile pattern in the short term. Senior Independent Stock Analyst, PhD Candidate, Ho Chi-ming
*Articles published in ETNet, whether signed or unsigned, represent the personal opinions of the authors and do not necessarily reflect ETNet's position. ETNet's role is to provide a free platform for expression of views.
