Home » Hong Kong’s Hang Seng Index rose more than 2%, real estate, technology stocks led gains

Hong Kong’s Hang Seng Index rose more than 2%, real estate, technology stocks led gains

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Hong Kong’s Hang Seng Index rose more than 2%, and the Hang Seng Technology Index rose more than 4%. Real estate and technology stocks led the gains,Chinese Real EstateThe intraday rose more than 30%,NetEaseThe intraday rose more than 10%. As of press time, the Hang Seng Index has risen 2.56%, and the Hang Seng Technology Index has risen 4.58%.

The following is a summary of important information in the global market:

Overnight news

  Yang Jiechi held a meeting with Sullivan, Assistant to the President for National Security Affairs

On October 6, 2021 local time, Yang Jiechi, member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, met with Sullivan, National Security Affairs Assistant to the President of the United States, in Zurich, Switzerland. The two sides exchanged comprehensive, candid and in-depth views on Sino-US relations and international and regional issues of common concern. The meeting was constructive and conducive to enhancing mutual understanding. The two sides agreed to take action to implement the spirit of the call between the two heads of state on September 10, strengthen strategic communication, properly manage differences, avoid conflict and confrontation, seek mutual benefit and win-win results, and work together to push China-US relations back on the right track of healthy and stable development.

  US White House economist: Treasury debt default will cause devastating blow

On October 6, local time, a White House economist warned in a report that if the United States fails to raise the debt ceiling in time, it will have a long-term negative impact on American households, businesses, and investors, and a national debt default will be devastating. Blow.The White House economist said that the US economy has not fully recovered from the new crown epidemic, and the default of the national debt may trigger a collapse that is more serious than the 2008 financial crisis, which will have an impact on the global financial market and lead to globalCreditThe market freezes and the stock market plummets, and the federal government will not be able to deal with the economic crisis that may be caused by default.

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  McConnell “relaxed” to allow a brief increase in the debt ceiling to avoid the risk of default

US Senate Republican leader McConnell is proposing to the Democrats an agreement to raise the US debt ceiling in the short term, which will last until the end of November to alleviate the imminent risk of default. This proposal allows the two parties to postpone their confrontation over the debt ceiling issue, rather than solving the problem. The increase in the quota will be enough for the Ministry of Finance to cope through December. A spokesman for Senate Majority Leader Chuck Schumer said Schumer has not yet received McConnell’s proposal.

  The U.S. considers releasing emergency oil reserves to curb soaring oil prices

Gas station in the U.S.gasolineWith the average price hovering at $3.19 per gallon (the highest in seven years), the White House is worried that rising fuel costs may harm its political prospects before next year’s midterm elections.American EnergySecretary Granholm said of the release of crude oil supplies from the U.S. National Strategic Petroleum Reserve: “This is a tool under consideration.”AnalystBelieve that the release of crude oil supply may stabilize the oil market and pull downOil price. Granholm also does not rule out a ban on crude oil exports. She said at the “Financial Times” Energy Transition Strategy Summit: “This is a tool we have not used, but it is also a tool”.

  The European Central Bank is reported to study a new bond purchase plan to prevent the expiration of emergency tools from triggering bond market volatility

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According to people familiar with the matter, the European Central Bank is studying a new bond purchase plan to prevent the spread of bond market yields from widening when the emergency bond purchase plan expires next year. Officials who declined to be named said the plan will replace existing crisis response tools as a supplement to the old, open quantitative easing plan. They said that the final decision has not yet been made. An ECB spokesperson declined to comment on this, but pointed out that the various options discussed by the staff may not necessarily be presented to the management committee or the executive committee.

  It is reported that Apple is facing EU antitrust investigation on its NFC chip

The source said,AppleThe company will be subject to EU antitrust charges for its NFC chip technology, which may put it at risk of huge fines or force it to open up its mobile payment system to competitors.The current initial concern isAppleThe fast payment supported by its NFC chip, the terms and conditions of how its mobile payment service Apple Pay should be used on merchant’s applications and websites, and the company’s refusal to allow competitors to access the payment system.

Overview of the outer disk

  U.S. stocks collectively closed up, S&P hits the biggest single-day rebound in the past 7 months

On Wednesday, Eastern Time, the three major US stock indexes closed up. As of the close, the Dow rose 102.32 points, or 0.30%, to 34416.99 points; the Nasdaq rose 68.08 points, or 0.47%, to 14501.91 points; the S&P 500 index rose 17.83 points, or 0.41%, to 4,363.55 points, with an intraday amplitude of 1.73 %, the largest single-day rebound since February this year. On the disk, large technology stocks rose collectively.MicrosoftAmazonGoogle-AIt rose more than 1%, anti-epidemic concept stocks and energy stocks generally fell, Moderna fell nearly 9%, and BioNTech fell more than 5%.SchlumbergerOccidental PetroleumFell more than 2%.

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  European stocks fell across the board, the three major indexes all fell more than 1%

European time on Wednesday, European stocks fell across the board. As of the close, the British FTSE 100 Index closed at 6,995.87 points, down 81.23 points from the previous trading day, or 1.15%; the French CAC40 index closed at 6,493.12 points, compared with the previous transaction. The daily drop was 83.16 points, a drop of 1.26%; the German DAX30 index closed at 14973.33 points, a drop of 221.16 points from the previous trading day, a drop of 1.46%.

  International oil prices have fallen significantly

On Wednesday, Eastern Time, international oil prices fell significantly. As of the close, New York November crude oil futures closed down 1.50 US dollars, or 1.90%, to 77.43 US dollars per barrel; Brent December crude oil futures closed down 1.48 US dollars, or 1.79%, to 81.08 US dollars per barrel.

  International gold prices rose slightly to close at US$1761.8 per ounce

On Wednesday, Eastern Time, international gold prices rose slightly. As of the close, the most active December gold futures price on the New York Mercantile Exchange gold futures market rose 0.9 US dollars over the previous trading day on the 6th to close at 1761.8 US dollars per ounce, an increase of 0.05%.

(Article Source:Oriental wealthResearch center)

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