Investment Daily

U.S. Dollar maintains at around 99, leading to decline in various Asia stockmarkets. Yet NIKKEI 225 gains support because of continual falling Yen. HangSeng Index decreases 308 points to close at 22,222 points on Monday. HSCEIcloses at 9,342 points, dropping 90 points. Turnover is $80.7 billion. The U.S.

    10-year bond yield surpasses 2.2% in Asia trading session, constituting to a fallamong utility stocks. In addition, the new yuan loans in October was RMB$65.1billion, missing the market estimates. This leads to a fall in mainland bankingstocks.

    Since investors continued to buy industrial stocks and banking stocks, US stockmarket opened higher on Monday, the Dow once rose near 90 points. However,investors concerned that rate hike pressure, profit taking emerged, the Downarrowed its gain to close 21 points higher only (to 18,869). On the other hand,hi-tech stocks continued to suffer selling pressure, the Nasdaq fell 19 points (to5,218). Besides, increasing inflation expectation continue to hit US treasurymarket, 10 Year US Treasury yield rose 8 basis point to 2.23%.

    US dollar index rose above the 100 level, RMB depreciation pressure accelerated.

    Besides, US treasury yield also rose sharply, funds flow away from emergingmarket, it is not favorable to HK stock. On the other hand, Shenzhen-HK connectwill soon commence, will provide some support to the HK stock market. 22,000 isstill the initial support for Hang Seng Index.