Investment Daily

The technology stocks stayed weak in US market, but Hong Kong equitiesbounced on Tuesday. Hang Seng Index increased 144 points and closed at 25,852points. HSCEI closed at 10,525 points, rising 39 point. Turnover for the whole was$79.9 billion. Some brokerages were optimistic about the gambling revenue inJune, the sector rose in general. Capital inflow to the auto dealers, individual stockjumped approximately 10%.

    The US market closed at records Tuesday as technology share reboundedfollowing a two-day decline. The Dow and Nasdaq added 92 points and 44 points,to 21,328 and 6,220, respectively. Gold prices notch a fifth-straight declineTuesday with the Federal Reserve widely expected to wrap up its meetingWednesday with an increase to interest rate, gold price fell US3.3 to 1265.6.Besides, markets are waiting for oil data, NewYork oil increased to 46.46. Investors want to understand the Fed’s perception of the U.S. economy.

    The blue chips performed mixed in US ADR market, investors will be cautionbefore the Federal meeting. Hong Kong stocks should consolidate at current level.Besides, the southbound inflow decrease, given the strong RMB, may slowdownthe mainland fund outflow, which becomes the market focus.