Hong Kong Stock Market Update | Tech stocks continue to decline in early trading, with the Hang Seng Tech Index falling more than 1.5%. Market bets on interest rate cuts are lowered due to the release of the Federal Reserve meeting minutes.
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The tech stocks on the Kewang Stock Exchange opened lower, with the Hengke Index falling more than 1.5%. The stock prices of Alibaba, Tencent, and CHINA LIT all declined. The minutes of the Federal Reserve meeting showed that the rate hike cycle may have ended, but the timing of rate cuts is uncertain. It is expected that the US economy will enter a recession, and the Federal Reserve may cut rates around the middle of this year. Short-term US bond rates may experience wide fluctuations, and bond rates may decline before the rate cut.
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