Weekly Outlook | The Fed minutes are coming! Can expectations of rate hikes be reversed? The World Artificial Intelligence Summit has opened, with executives from OpenAI, NVIDIA, and others set to participate.
Earnings season is kicking off, with PepsiCo, Delta Air Lines, and others set to report first; a concentrated auction of over $61 billion in long-term U.S. Treasury bonds is underway, putting yields under supply-side pressure.
Chen Yiting: HKEX has been continuously exploring ways to boost fundraising in the primary market and trading volume in the secondary market.
Hong Kong Exchanges and Clearing CEO Laura Cha stated on a radio program that the exchange has been exploring ways to boost primary‑market fundraising and increase daily trading volume in the secondary market.
Hong Kong Market Quick Look | All three major indices rose, with the Hang Seng Index up 0.37%; pharmaceutical stocks delivered strong performance, with CanSino Biologics surging 17% and Hengrui Pharma gaining over 10%; newly listed Huanchuang Technology soared nearly 266% on its debut day.
Tech stocks rallied, with Kuaishou-W up 2.31% and Meituan-W up 1.77%; biotech shares surged across the board, with CanSino Biologics rising 17.49% and Jite Technology-P gaining 11.63%; photovoltaic and solar stocks also strengthened, as Xinxin Technology climbed 4.93% and Junda Shares advanced 4.53%.
Express News | The People's Bank of China has adjusted and refined several monetary policy tools, lowering the interest rate on pledged supplementary lending (PSL) by 0.25 percentage points.
The People's Bank of China: The interest rate on Pledged Supplementary Lending (PSL) has been lowered by 0.25 percentage points. The one-year PSL rate has been reduced from 1.75% to 1.5%, providing stronger incentives for policy banks to support the real economy and serve national strategic objectives.
Hong Kong Market Brief | All three major indices declined, with the tech index falling more than 1%; tech stocks weakened, with Xiaomi and Meituan both down over 2%; biotech and Chinese property stocks advanced, with CanSino Biologics rising more than 15% and Vanke Co., Ltd. gaining over 11%; Yangtze Optical Fibre and Cable surged more than 7%.
Tech stocks declined, with Xiaomi Group-W down 2.55% and Meituan-W down 2.02%; biotech stocks rose, with Conba Pharmaceutical up 15.54% and CanMab-B up 8.82%; semiconductor stocks all advanced, with TianShu Zhixin up 7.61% and Changguang Chenxin up 7.10%;
October Hong Kong Stock Market "Dividend Ex‑Date List": A Comprehensive Review of 10 High‑Yield Stocks, with the Highest Yield Offering HK$995 per Lot.
With the October dividend season approaching, Futu Information has compiled a list of 10 high-yield stocks, with the highest yielding stock offering up to HK$995 per lot!