bingo75| News: Hong Kong stocks and Hang Seng Index opened 0.89% lower and the index fell 0.5% and gold stocks continued their decline

On May 23, U.S. stocks fell on Wednesday. The latest minutes of the Federal Reserve meeting showed that officials were worried about high inflation and were not confident to cut interest rates, dragging down all three major indexes to close down. The U.S. dollar is moving better, and the U.S. ten-year bond yield rises to 4.5 percent.bingo75At the.42% level, gold prices and oil prices were soft. Today, the three major indices of Hong Kong stocks collectively opened lower. The Hang Seng Index fell 0.89% to 19,024.41 points, the Hang Seng Index fell 0.5%, and the State-owned Enterprise Index fell 0.65%. On the market, science and technology stocks fell generally, with Alibaba falling more than 2%, Netease, Lenovo, and JD falling more than 1%, and rising more than 4% after fast performancebingo75; Gold stocks continued their decline, with Zhaojin Mining falling nearly 4%; most auto stocks corrected back, with Xiaopeng Automobile falling more than 2%; coal, oil, gas and other sectors fell one after another.

Expert opinion:

Zhi Yaohui, director of research at Yaocai Securities, said that the three major U.S. stock indexes fell before Nvidia announced results. Minutes of the Federal Reserve's interest-rate meeting show that the Federal Reserve's stance is hawkish, which has weakened market sentiment. The Dow fell 201 points or 0.5%, while the S & P 500 and Nasdaq fell 0.27% and 0.19% respectively. After the close of trading, Nvidia announced its quarterly results that once again surprised the market. Its quarterly performance and second-quarter outlook both exceeded market expectations, and its share price rose more than 6% in after-hours trading.

The performance of A-shares repeatedly stabilized yesterday. The Shanghai and Shenzhen stock markets showed a narrow range of ups and downs. Finally, the Shanghai Composite Index closed flat at 3,158 points, while the Shenzhen Component Index edged up slightly by 0.12%, closing at 9,693 points. The transaction volume of the two markets was approximately RMB 830 billion.

The trend of Hong Kong stocks also lacked direction. The Hang Seng Index fell at most 71 points in the early session, and then rebounded to above 19,300 points, reaching a high of 19,359 points. However, technology stocks and AIA (01299) were soft, and the Hang Seng Index fell again in the afternoon. Finally, the Hang Seng Index closed at 19,195 points, down 25 points or 0.13%, while the KAI rose 0.3%, closing at 3,992 points. The full day's turnover was significantly reduced to 126.7 billion yuan.

Due to the lack of further good news and the weakening of A-shares, it is expected that Hong Kong stocks will continue to adjust. If they fall below the 19,000-point mark, support will move downward to around 18,500 points.

The author holds shares in Nvidia