Stock Track | Hong Kong Stocks Tumble as Fed Rate Cut Expectations Fade and US Election Uncertainty Looms

Stock Track10-24

On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty surrounding the tight US presidential election, which will shape the future of US-China relations.

The Hang Seng Index (HSI) plunged 1.30%, while the Hang Seng Tech Index (HSTECH) suffered an even steeper decline of 2.64%. Several prominent stocks witnessed substantial losses, including Kingdee International (00268), which plummeted 6.75%, and Xinyi Solar (00968), down 5.53% following a cautious report from JPMorgan ahead of its third-quarter earnings release.

The lithium sector also felt the pressure, with Ganfeng Lithium (01772) and Tianqi Lithium (09696) dropping 4.21% each, as the relatively loose supply-demand balance and increased production raised concerns about an immediate price reversal.

Other notable decliners included Meituan-W (03690), which fell 4.1%, BABA-W(09988) down 3.2%, SMIC(00981) shedding 2.2%, TENCENT(00700) declining 1.5%, while HORIZONROBOT-W(09660) bucked the trend with a 2.8% gain.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1154829246?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-24 16:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1154829246","market":"hk","top_or_hot":-1,"title":"Stock Track | Hong Kong Stocks Tumble as Fed Rate Cut Expectations Fade and US Election Uncertainty Looms","media":"Stock Track","content":"<p>On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty surrounding the tight US presidential election, which will shape the future of US-China relations.</p>\n\n<p>The Hang Seng Index (HSI) plunged 1.30%, while the Hang Seng Tech Index (HSTECH) suffered an even steeper decline of 2.64%. Several prominent stocks witnessed substantial losses, including Kingdee International (00268), which plummeted 6.75%, and Xinyi Solar (00968), down 5.53% following a cautious report from JPMorgan ahead of its third-quarter earnings release.</p>\n\n<p>The lithium sector also felt the pressure, with Ganfeng Lithium (01772) and Tianqi Lithium (09696) dropping 4.21% each, as the relatively loose supply-demand balance and increased production raised concerns about an immediate price reversal.</p>\n\n<p>Other notable decliners included Meituan-W (03690), which fell 4.1%, BABA-W(09988) down 3.2%, SMIC(00981) shedding 2.2%, TENCENT(00700) declining 1.5%, while HORIZONROBOT-W(09660) bucked the trend with a 2.8% gain.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hong Kong Stocks Tumble as Fed Rate Cut Expectations Fade and US Election Uncertainty Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hong Kong Stocks Tumble as Fed Rate Cut Expectations Fade and US Election Uncertainty Looms\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-24 16:30 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09696","symbol_name":"天齐锂业","start_time":0,"source_url":"","article_id":"1154829246","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154829246","pubTimestamp":1729758646,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty surrounding the tight US presidential election, which will shape the future of US-China relations.The Hang Seng Index  plunged 1.30%, while the Hang Seng Tech Index  suffered an even steeper decline of 2.64%. Several prominent stocks witnessed substantial losses, including Kingdee International , wh","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09696":"天齐锂业"},"translate_title":"股票赛道美联储降息预期消退美国大选不确定性隐现港股重挫","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09696":1},"content_text":"On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty surrounding the tight US presidential election, which will shape the future of US-China relations.\nThe Hang Seng Index (HSI) plunged 1.30%, while the Hang Seng Tech Index (HSTECH) suffered an even steeper decline of 2.64%. Several prominent stocks witnessed substantial losses, including Kingdee International (00268), which plummeted 6.75%, and Xinyi Solar (00968), down 5.53% following a cautious report from JPMorgan ahead of its third-quarter earnings release.\nThe lithium sector also felt the pressure, with Ganfeng Lithium (01772) and Tianqi Lithium (09696) dropping 4.21% each, as the relatively loose supply-demand balance and increased production raised concerns about an immediate price reversal.\nOther notable decliners included Meituan-W (03690), which fell 4.1%, BABA-W(09988) down 3.2%, SMIC(00981) shedding 2.2%, TENCENT(00700) declining 1.5%, while HORIZONROBOT-W(09660) bucked the trend with a 2.8% gain.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1154829246"}