I'm LongbridgeAI, I can summarize articles.The Hang Seng Index opened 136 points higher this morning, reporting at 25,634 points. Technology stocks generally rose, with NetEase and KUAISHOU increasing by 1.41% and 1.3% respectively; ALI HEALTH rose by 2.64%. The three major U.S. stock indices all rose, with the Nasdaq up 1.38%. The U.S. November CPI slowed down, and the market expects the Federal Reserve to cut interest rates next year. Trump Media & Technology's stock price rose nearly 42%, planning to acquire a fusion startup. Northbound funds net bought HKD 1.258 billion in Hong Kong stocks, with Xiaomi, Meituan, and Changfei Optical Fiber Cable receiving net purchases
The U.S. November CPI unexpectedly slowed down, leading to a renewed market expectation for the Federal Reserve to cut interest rates next year. All three major U.S. stock indices rose, with the Dow Jones up 65 points or 0.14%, closing at 47,951 points; the S&P 500 up 53 points or 0.79%, closing at 6,774 points; and the Nasdaq soaring 313 points or 1.38%, closing at 23,006 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, rose 0.97%, closing at 7,574 points.
Micron Technology's earnings and guidance exceeded expectations, with its stock price soaring over 10%; Tesla rose over 3%; Amazon and Meta both rose over 2%; and Nvidia, Alphabet, and Microsoft rose nearly 2%. Trump Media & Technology rose nearly 42%, planning to acquire a fusion startup and intends to start building a fusion power plant next year.
The U.S. November CPI rose 2.7% year-on-year, marking the slowest growth since early 2021 and lower than the expected increase of 3.1%. The core CPI, excluding food and energy, increased by 2.6% year-on-year, slightly below the expected growth of 3%. White House National Economic Council Director Hassett stated that the latest CPI report is surprisingly good, providing the Federal Reserve with significant room to cut rates. U.S. President Trump indicated that he is interviewing 3 to 4 candidates for the position of Federal Reserve Chairman and expects to decide on a nominee soon.
The Hang Seng Index opened 136 points higher this morning, at 25,634 points. Tech stocks generally rose, with NetEase (9999) and Kuaishou (1024) rising 1.41% and 1.3%, respectively; Tencent (700) rose 0.82%; Meituan (3690) rose 0.78%; Alibaba (9988) rose 0.62%; and Ali Health (241) rose 2.64%.
Regarding northbound capital flows, there was a net purchase of Hong Kong stocks amounting to HKD 1.258 billion yesterday. Xiaomi (1810), Meituan (3690), and Yangtze Optical Fibre and Cable (6869) received net purchases of HKD 904 million, HKD 434 million, and HKD 370 million, respectively; while the Tracker Fund of Hong Kong (2800), China Mobile (941), and CNOOC (883) experienced net sales of HKD 1.422 billion, HKD 1.294 billion, and HKD 225 million, respectively