Watching the Fed's interest rate decision, the Hang Seng Index fluctuated within a narrow range throughout the day, with a turnover of less than HKD 200 billion | Hong Kong stocks closing
On the eve of the announcement of the Federal Reserve's interest rate decision, the market was filled with a cautious atmosphere. The Hang Seng Index fluctuated within a narrow range throughout the day, closing up 106 points at 25,540 points, with a trading volume dropping to HKD 193.4 billion. JD.com confirmed the acquisition of half of the equity in the Central Construction Bank Building, with its stock price slightly down by HKD 0.1; Alibaba's stock price rose by 1.5%, and its AI application Qianwen's monthly active users surpassed 30 million. Meituan's stock price increased by 2.7%, and HSBC Holdings' stock price rose by 2%. Country Garden's stock price rebounded by 6.5%. Analysts pointed out that if the Hang Seng Index fails to break through the 100-day moving average, the subsequent trend may be bearish
