HSI falls 284 points

Due to the U.S. Fed’s decision to increase the number of interest rate hikes this year from 3 times to 4 times, the Asia-Pacific region’s stock market was under pressure. Hong Kong stocks fell by up to 375 points and closed at 30440 points, down by 284 points, losing 50 antennas, and the motherboard turnover was approximately 96 billion yuan. Yuan, less than 100 billion yuan for five consecutive trading days. Mainland retail sales were lower than expected, and consumer stocks were sold off. Mengniu Dairy (02319)’s stock price was more than half.

The Hang Seng Index closed at 30485 points, rose 71 points, high water 45 points. As of 1:30 this morning, the ADR Hong Kong stock index has been reported at 30,568 points, 128 points higher than the city’s closing price.

Mengniu fell to three barrels

After the Hang Seng Index opened 41 points lower yesterday, the decline continued to widen to a point near 30,500 points. However, it fell further in the afternoon, dropping by a maximum of 375 points to a low of 30349 points. The downtrend narrowed slightly and closed down 284 points. Lost 50 antennas (30,629 points). HSCEI closed at 11950 points, down 84 points. For the mainland A shares, the Shanghai Composite Index closed at 3044 points, a slight drop of 5 points; the Shenzhen Component Index closed at 10084 points, or 0.76%.

Mainland retail sales data was lower than expected. Consumer stocks plucked Mengniu Dairy into more than half of the stock market. The market still fell 4.8%, and Wanzhou International (00288) fell 3.2%. Saudi Arabia reportedly proposed a plan for increasing production of oil group members. PetroChina (00857), Sinopec (00386) and CNOOC (00883) all fell more than 2%.

Feng Shiyu, vice president of Western Securities International, said that after the Fed announced the outcome of the interest rate, the external reaction was not fierce, reflecting that the market had not seen much panic. However, the United States today announced a list of tariffs on China, which will have a certain impact on China and Hong Kong stocks. However, it is believed that the Hang Seng Index has support from 29,800 to 3,0000.

John Bellows, western asset management fund manager of Legg Mason Global Asset Management, believes that the Fed explained its intention to maintain its neutral policy. Since the inflation environment has not changed excessively, he does not think that the Fed has the urgency to tighten policy.