The prospects for Sino-US trade negotiations are uncertain
US President Trump warned on Tuesday that failure to reach a trade agreement with China would prompt the US to impose higher tariffs. He told reporters at the White House: “If we can’t reach an agreement with China, I will only raise tariffs and higher tariffs.” US stocks rose slightly in the early session. The Dow rose slightly by 14 points in the early session, but it still reached a new high. The S&P index was also close to the same level, while the Nasdaq index rose 0.3%.
The US heavyweights developed individually. Boeing rose more than 1% after the market opened due to new orders
As for Home Depot, the stock price fell more than 2% due to poor quarterly sales data.
In terms of economic data, the number of new housing starts in the United States increased by 3.8% in October, with an annual rate of 1.314 million, which was lower than the market expectations of 1.32 million. As for the building permit in October, it increased by 5%, increasing to 1.461 million at an annual rate, more than the market expectation of 1.385 million.
Oil prices fell significantly, and New York oil futures fell below $56 a barrel, a drop of nearly 2%
The Dow Jones Industrial Average fell 98 points at 4,937 points at 4 am and the Nasdaq index rose 29 points at 8579 points.
The price of HSBC (005) American Depositary Receipts was HK$58.72, which was HK$0.13 lower than the closing price of Hong Kong. The price of Tencent (700) American Depositary Receipts was HK$335.49, which was HK$1.11 lower than the closing price in Hong Kong.
The market ignored the unfavorable news of the first-stage trade agreement negotiations between China and the United States, and the three major US stock indexes hit a new high overnight. Affected by the mainland’s people’s bank for the first time in four years, the reverse repurchase rate will be introduced. The market will have a loose monetary policy in the mainland, and the Shanghai-Shenzhen-Hong Kong-Hong Kong Stock Exchange will be active in the south. The A-shares will be good, and the Hong Kong stocks will also rise yesterday. It means that yesterday it weighed more than 27,000 points and closed at a high level for the whole day. It was reported at 27,094 points, up 413 points, with a turnover of 79.9 billion yuan.
The Hang Seng Index opened 9 points lower yesterday and fell 75 points. It fell to a full-day low of 26605 points and then rose. After that, it rose above 50 antennas. The increase continued to expand in the afternoon. It regained the 27,000 mark and regained 10 antennas and 20 antennas. And 100 antennas, closing at 27094, up 413 points. The H-Share Index rose 140 points to 10,697 points. The A-share rally continued, with the Shanghai index rising 0.85% to 2933 and the Shenzhen Component Index rising 1.8% to 9889.
Blue-chip stocks generally rose, Tencent (700) 2%, reported 336.6 yuan, a high in January; HKEx (388) closed at 251.8 yuan, up 2.78%; HSBC (005) rose 1.12%, reported 58385 yuan; 1299) reported 79.5 yuan, also rose 1.27%.
Pharmaceutical stocks rose
The pharmaceutical stocks warmed up. Shijiazhuang (1093) earned nearly 30% in the first three quarters. It was rated by Credit Suisse as “Outperform” and its stock price hit a new high of over one year, closing at 21.3 yuan, up 3.65%; Zhongsheng Pharmaceutical (1177)4.85 %, reported 11.68 yuan, is the highest since the 5th; Hansen Pharmaceutical (3692) rose 2.56%, reported 26.05 yuan, a record high on the 10th; China Resources Pharmaceutical (3320) closed at 7.06 yuan, up 3.22%.