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)
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)