<p>The United States announced the non-farm employment report yesterday, which showed that non-farm employment increased by 64,000 in November, exceeding the expected 50,000, while October saw a decrease of 105,000. However, the unemployment rate in November rose to 4.6%, higher than the expected 4.5%, reaching a new high since 2021. Due to the government shutdown preventing the retrospective collection of data, the U.S. Bureau of Labor Statistics was unable to release the unemployment rate for October, while the unemployment rate for September was 4.4%.</p>
<h2>U.S. Stocks Mixed, Oil Prices Drop Nearly 3%</h2>
<p>On the other hand, U.S. retail sales in October were flat compared to September, falling short of the expected 0.1% growth. Sales at automobile and parts dealers decreased by 1.6%; excluding automobiles and parts, retail sales in October grew by 0.4%. Year-on-year, retail sales in October increased by 3.5%, lower than the previous 4.2%.</p>
<p>This news has raised expectations for a rate cut by the Federal Reserve in January next year. The three major U.S. stock indices showed mixed results on Tuesday, with the Dow Jones closing down 302 points or 0.62% at 48,114 points; the S&amp;P 500 fell 16 points or 0.24% to 6,800 points; while the Nasdaq rose 54 points or 0.23% to 23,111 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 0.34% to 7,556 points on Tuesday.</p>
<p>Additionally, due to oversupply and the potential for a peace agreement between Russia and Ukraine, international oil prices dropped nearly 3% on Tuesday, with New York crude oil closing at $55.27 per barrel, marking a nearly five-year low; London Brent crude oil closed at $58.92 per barrel.</p>
<p>In Hong Kong stocks, the Hang Seng Index opened slightly higher by 8 points this morning, reporting X points. Tech stocks were generally stable, with Alibaba (9988) unchanged; Tencent (700) rose 0.08%; Meituan (3690) increased by 0.1%; JD.com (9618) and Xiaomi (1810) rose by 0.5% and 0.9%, respectively; however, Baidu (9888) fell by 0.5%.</p>
<p>With the sharp drop in international oil prices, oil stocks fell, with CNOOC (883) down 1.2%, PetroChina (857) down 0.4%, and Sinopec (386) down 0.23%.</p>
<h2>MStrategy Further Purchases Solana</h2>
<p>In individual stock news, MStrategy (2440) announced yesterday (16th) that it further purchased 2,440 units of Solana on the public market cryptocurrency trading platform, with a total cash consideration of approximately 2.4 million. As of yesterday, the group had acquired a total of 12,290 units of Solana for a total consideration of approximately 14.9 million. The stock opened at 2.04 HKD, unchanged.</p>
<h2>HashKey Public Offering Oversubscribed by Over 392 Times</h2>
<p>In the new stock sector, HashKey (3887) officially listed today, with its public offering portion oversubscribed by over 392 times, with a 10% chance of winning a lot. The international offering was oversubscribed by over 4 times. The stock opened at 6.7 HKD, up 0.3%, barely maintaining the offering price
In terms of Northbound capital flows, yesterday saw a net purchase of HKD 82.1 million in Hong Kong stocks, with Xiaomi (1810), XPeng (9868), and Tencent (700) receiving net purchases of HKD 633 million, HKD 345 million, and HKD 198 million respectively; while Alibaba (9988), China Mobile (941), and SMIC (981) experienced net sales of HKD 632 million, HKD 460 million, and HKD 460 million respectively</p>

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<p>The Hang Seng Index opened slightly higher by 8 points this morning, with technology stocks generally stable, while oil stocks fell sharply due to a sudden drop in international oil prices. CNOOC fell by 1.2%, PetroChina fell by 0.4%, and Sinopec fell by 0.23%. HashKey's first day of listing barely held its IPO price</p>

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The Hang Seng Index opened slightly higher, oil stocks declined, CNOOC fell by 1%, and HashKey's debut is at risk of falling below the offering price | Hong Kong stock market opens