Major U.S. stock market indexes closed higher on Wednesday, 23rd November 2022 after the Federal Reserve released minutes from its November meeting indicating that it may soon slow the pace of interest rate hikes.
The minutes show that at a meeting earlier this month, an “overwhelming majority” of policymakers agreed that it “may soon be appropriate” to slow the pace of interest rate increases.
Initial jobless claims rose more than expected last week, and U.S. business activity contracted for the fifth straight month in November.
Consumer confidence rose and new home sales were higher than expected.
Tesla Inc. jumped 7.82% as Citigroup upgraded the electric car maker’s stock to “neutral” from “sell.
Shares of farm equipment maker Deere soared 5.03% after the company reported higher-than-expected quarterly profit.
(Dow 30, 1-hour chart)
The Dow today pays attention to the 33949-line. If the Dow runs stably above the 33949-line, then pay attention to the suppression strength of the 34221 and 34477 positions.
Hong Kong Stocks
The three major indices of Hong Kong stocks closed up collectively at noon. The Hang Seng Index (HSI) was up 0.52%, the Hang Seng TECH Index (HSTECH)was up 0.67% and the Hang Seng China Enterprises Index (HSCEI) was up 0.52%.
The half-day net southbound capital inflow was 1.669 billion Hong Kong dollars, the market turnover was 50 billion Hong Kong dollars.
On the market, the weighted technology stocks rose generally. Kuaishou Technology (1024.HK), Baidu, Inc. (9888.HK), Bilibili Inc. (9626.HK), NetEase, Inc. (9999.HK) rose about 2%. Alibaba Group Holding Limited (9988.HK), and Tencent Holdings Limited (0700.HK) are up, while Meituan (3690.HK) fell slightly before the results.
16 financial initiatives officially released, property management stocks and domestic housing stocks again led the rise, Country Garden Holdings Company Limited (2007.HK) rose 11%, Country Garden Services Holdings Company Limited (6098.HK) rose 6%.
Tobacco stocks, Hong Kong banking stocks, anti-epidemic concept stocks, biotechnology stocks, photovoltaic solar stocks and other stocks were active.
In addition, aviation stocks, catering stocks, tourism stocks and other stocks weakened.
Yesterday’s surge in heavy infrastructure stocks retraced; Xiaomi Corporation (1810.HK) fell nearly 4% after the results.
(HK50, 1-hour chart)
HK50 pays attention to the 17535-line today. If HK50 can run stably above the 17535-line, then pay attention to the suppression strength of the two positions of 18606 and 19517.
FTSE China A50 Index
(FTSE China A50, 1-hour chart)
FTSE China A50 pays attention to the 12273-line today. If A50 runs stably below the 12273-line, then pay attention to the support strength of the two positions of 11955 and 11665. If A50 runs above the 12273-line, it will open up further upside space.
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