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US Shrs Jumble, Nasdaq Brisk; HSI Stays in Rattling Trend

AAStocks ·  Jun 17, 2021 22:53
US bourses jumbled overnight (17th), mentioned Stanley Chik, a research head at Bright Smart. Financial shares were dented by US note rate decline, exerting pressure on DJIA. The index closed down 210 pts or 0.62% to 33,823 on tech rally. S&P 500 dipped 1 pt to 4,221. Nasdaq climbed 121 pts or 0.87% to 14,161.

Slipping over 200 pts once yesterday, HSI eventually surged 121 pts to 28,558 with turnover of $140.2 billion.

While HSI appeared to be bouncing back, Chik suggested foreign markets were still full of uncertainties. In particular, the US note yield trend would be a matter of huge concern going ahead. Hong Kong bourses were bound to be affected by the near-term volatility among US stocks, he added.

(The author is the licensee of SFC, who does not hold the related shares)
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