This week, Hong Kong stocks experienced significant volatility, with the $HSI(HSI)$ falling 1.12%, dropping below the key 24,000-point mark.US Market Drops Drag Down Hong Kong StocksThe US stock market took a sharp dive this week, with the $NASDAQ(.IXIC)$ down 4.9%. The cause? Trump’s aggressive stance on tariffs, raising fears that the US economy could slide into recession. In response to the market plunge, Trump softened his tone, admitting some economic turbulence ahead but reaffirming his goal to bring wealth back to Americans, which will take time.Later, the US reported a 2.8% year-on-year CPI for February, marking a new low since last November. The number was slightly below expectations, which cause

Last Saturday, the National Bureau of Statistics released the February CPI numbers, up 0.7% year-on-year, reversing the previous consecutive negative growth situation. The month-on-month jump of 1.0%, 0.7 percentage points higher than the previous month, exceeding market expectations.This good news has the market all smiles. Southbound funds have been flowing in for five days straight, with a whopping HK $11.4 billion bought on Wednesday alone. That's a record! And the whole week net purchase hit HK $21.38 billion.Looking at the sectors, the optional consumption and daily consumption sector led the rise, while those high-dividend sectors like finance, energy, and telecom that the market had been embraced up to out of economic fears are seeing some red.With this positive mood, growth stocks

Last week, the Hong Kong stock market held steady with the $HSI(HSI)$ dipping a mere 1.42%.News-wise, it was a busy week! Domestically, the Two Sessions kicked off, and the Government Work Report set a GDP growth target of around 5% for 2024, which was right in line with market expectations. Governor Pan Gongsheng of the People's Bank of China hinted at further reserve requirement ratio cuts during the Two Sessions. On Thursday, the General Administration of Customs announced that China's total import and export value for the first two months of this year hit 6.61 trillion yuan, a year-on-year increase of 8.7%, exceeding market expectations.Overseas, the US Senate Committee on Homeland Security and Governmental Affairs passed a Biosecurity Act with

The Hong Kong stock market was on a roll with bullish news last week, and $HSI(HSI)$ rose 2.36%, marking its third consecutive weekly rebound.During the Spring Festival, domestic consumption data was impressive. A total of 474 million domestic tourists traveled across the country, a 19% increase compared to 2019. Tourism revenue also increased by 7.7% over the same period in 2019. And the box office for Spring Festival films set a new record for the holiday week.On February 20th, the People's Bank of China announced the latest Loan Prime Rate (LPR) quotes. The 1-year LPR remained unchanged at 3.45%, while the 5-year or longer LPR dropped by 25 basis points from 4.20% to 3.95%, marking the largest historical decline.Wu Qing, the new chairman of the