Bright Smart's research head Stanley Chik said US bourses had lost compass overnight, citing the ceaseless inflationary pressure alongside a mild US economic expansion in April and May. Tech and energy players were in shape, whereas raw material and discretionary stocks were lackluster. The three key US indices saw little change, with DJIA closing up 25 pts to 34,600. S&P 500 added 6 pts to 4,208, while Nasdaq gained 19 pts or 0.14% to 13,756.
(The author is the licensee of SFC, who holds Tencent shares)
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As for HSI trends, the index successfully toppled its April 29th high at 29,405 yesterday, mentioned Bright Smart's research team. It may stay firmly aloft 29,000 supposing no significant decline in the after-market, being poised to drift higher and attempt 30,000 in early June.
(The author is the licensee of SFC)
(The author is the licensee of SFC, who holds Tencent shares)
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As for HSI trends, the index successfully toppled its April 29th high at 29,405 yesterday, mentioned Bright Smart's research team. It may stay firmly aloft 29,000 supposing no significant decline in the after-market, being poised to drift higher and attempt 30,000 in early June.
(The author is the licensee of SFC)