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Hong Kong real estate stocks rose during the session, as Powell stated that he does not rule out the possibility of an early rate cut, and Institutions have raised the Target Price for Hong Kong real estate stocks.
On the news front, during the first day of the "special" congressional hearing on the Federal Reserve's monetary policy, Fed Chairman Powell did not comment on the possibility of a rate cut at the next Federal Reserve meeting in July. A research report from Bank of America Securities indicates an increase in the target price of Hong Kong real estate stocks, with an average increase of 12%.
Hong Kong Stock Midday Review | The three major Indexes opened low and rose, with the technology Index closing flat; semiconductor stocks rose, HUA HONG SEMI increased by over 7%; new consumption Concept stocks warmed up, with Lao Pu Gold rising by over 7
Network Technology stocks generally declined, with Alibaba-W down 1.61% and JD-SW down 1.43%; restaurant stocks rose across the board, with Little Garden up 10.73% and DPC DASH up 4.87%; shipping and port stocks rose as well, with PACIFIC BASIN up 20.30% and Dexion Ocean up 5.78%.
This week's Hong Kong stock bull | Seven consecutive weeks of gains! SF Express has increased by over 120% since May, reaching a historical high; Zhengxing Shipping surged over 35% on Friday, receiving significant market attention regarding changes in the
This week, the Hang Seng Index fell by 1.52%, closing at 23,530.48 points; during the same period, the Hang Seng TECH Index dropped by 2.03%, closing at 5,133.14 points; the Hang Seng China Enterprises Index also decreased by 1.48%, ending at 8,527.07 points.
The Real Estate market expectations for stabilizing after the decline are sufficient, and domestic Real Estate stocks have generally risen, with SEAZEN (01030) increasing by 4.07%.
Jinwu Financial News | Domestic property stocks generally rose, SEAZEN (01030) increased by 4.07%, RONSHINECHINA (03301) rose by 3.41%, CHINA OVERSEAS (00688) went up by 1.52%, SUNAC (01918) climbed by 1.43%, SHIMAO GROUP (00813) rose by 1.37%, RADIANCE HLDGS (09993) increased by 1.32%, COUNTRY GARDEN (02007) rose by 1.32%, and R&F PROPERTIES (02777) went up by 1.10%. Cathay HAITONG SEC stated that the real estate industry showed a relatively stable trend in May, continuing the previous trend, combined with the State Council meeting on further.
Hong Kong stock market afternoon review | All three major indexes fell, with the Technology Index down 1.58%; Network Technology stocks weakened, with Meituan nearly down 4%, while energy stocks rose against the market, and SINOPEC SSC increased by over 1
Network Technology stocks declined overall, with MEITUAN-W down by 3.69% and Bilibili-W down by 2.91%; most Apple Concept stocks fell, with SUNNY OPTICAL down by 3.19% and BYD Electronics down by 3.03%; Digital Health stocks weakened, with ZA ONLINE down by 3.15% and ALI HEALTH down by 2.76%.
[Brokerage Focus] Goldman Sachs: The demand for new homes in mainland China will decrease by 75% compared to the peak period in 2017 over the next few years.
Jinwu Finance | On June 17, Goldman Sachs released a report predicting that over the next few years, demand for new homes in mainland China will decline by 75% compared to the peak in 2017. The report指出 that due to population decline and the anticipated drop in housing prices affecting the investment atmosphere, demand for new homes in mainland China is expected to be 75% lower than the peak in 2017.
