Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
CICC: Fed rate cut could bring greater resilience to HK stocks in stages

CICC: Fed rate cut could bring greater resilience to HK stocks in stages

Bitget2024/09/22 13:50

CICC believes that, by the Fed's “unconventional” interest rate cut 50bp boost, Hong Kong stocks rose sharply last week, Hong Kong stocks because of the external liquidity is more sensitive, as well as the linked exchange rate system in Hong Kong to follow the interest rate cuts and so on, short-term compared to the A-shares reflect greater flexibility. Fed rate cuts can bring greater resilience in the phase, but long-term sustained gains still come from domestic growth and policy. Assuming that the U.S. bond rates 3.7-3.8%, the risk premium back to the recent annual average of 7%, corresponding to the HSI 19,500-20,500 points. More space is needed to follow the policy force to promote the repair of fundamentals.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Jupiter announces the launch of end-to-end trading engine Ultra V3
2
Bitcoin market sentiment turns defensive as options market reflects rising demand for hedging

Crypto prices

More
Bitcoin
Bitcoin
BTC
$106,781.07
-1.05%
Ethereum
Ethereum
ETH
$3,806.09
-1.63%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,083.48
-4.70%
XRP
XRP
XRP
$2.3
-2.46%
Solana
Solana
SOL
$183.5
-2.09%
USDC
USDC
USDC
$0.9997
-0.02%
TRON
TRON
TRX
$0.3096
-2.79%
Dogecoin
Dogecoin
DOGE
$0.1851
-2.36%
Cardano
Cardano
ADA
$0.6267
-3.65%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter