Hong Kong Stocks Stabilize Amid Low Interest Rates

Market Update: Friday, September 13, ⁤2024

Hong Kong stocks have shown signs of stabilization, thanks to a one-year low in one-month interest rates. The ​Hang Seng Index has regained the bull-bear line, led by heavy technology and financial stocks.

Key Market Highlights

• Midea has raised⁢ over 30 billion ⁤using over-allotment rights.
• Hang Seng has launched two U.S. bonds with an ETF ‍admission fee of 780‍ yuan.
• Official media reports suggest a new round of counter-cyclical measures is‍ needed.
• Morgan Stanley is optimistic about Tencent’s new game, reiterating the “overweight” ⁣rating.
• China Mobile Games has fully purchased the “Legend of Sword and ‌Fairy” IP, causing a 7% surge in stock price.

Global Market Updates

Mainland China has reduced housing ⁣stock interest ‌rates,⁢ with Bloomberg reporting a possible reduction of 50 basis points. The ​European Central Bank has cut​ interest rates ⁣by 1/4%, in line with expectations, causing major European stock ‍indexes to rise.

The⁣ US dollar has risen 0.3%, and Nvidia’s stock price has increased again following ⁢the⁣ announcement of new Blackwell chips to be shipped next quarter. ⁣Gold futures have exceeded US$2,583 per ounce, setting a new record‌ high.

Expert Insights

Zhang Zhaocong ‌notes that interest rates⁢ are close to a 10-year low. Baidu value​ Bo Hong Kong dollar fixed deposit high interest rate selection Australian dollar fixed deposit high interest rate selection plant Yaohui: COSCO SHIPPING Energy and CNOOC are waiting for opportunities to ‍redeploy.

Fang Baoqiao discusses the issue of‌ parking lot license plate recognition⁣ systems, while ‍Technology wins: China Unicom is expected to take over ​5.7 yuan. Lu Junkuang notes that​ Hong Kong stocks are falling, and the overall selling pressure has not abated.

Real ‍Estate Updates

Tang ‌Wenliang suggests that it is better to buy ​a house now than apply for further study to support the demand for housing. London property prices continue to rise, and Parkside Avenue will ⁢hold its ⁢first wine event next month to attract people.

Hua has established T-Central, hoping to bring prosperity ‍to ‌Tsim Sha Tsui. Sino‍ 4 shopping mall will celebrate the National⁢ Day with 75 panda decorations to attract customers. Tianxi·Tian 1 phase 1 upstairs study ⁢1 to 2 bedrooms accounted for 75%.

MONTEREY⁢ one bedroom has dropped to 5 million, resulting in an actual ​loss‍ in 3 years. The monthly rent of 4 rooms in YOHO Hub is NT$40,000, a new high in Yuen Long.