On October 24, 2024, Hong Kong's stock market experienced a significant sell-off, reflecting investors' dwindling expectations of interest rate cuts by the Federal Reserve and the looming uncertainty surrounding the tight US presidential election, which will shape the future of US-China relations.
The Hang Seng Index (HSI) plunged 1.30%, while the Hang Seng Tech Index (HSTECH) suffered an even steeper decline of 2.64%. Several prominent stocks witnessed substantial losses, including Kingdee International (00268), which plummeted 6.75%, and Xinyi Solar (00968), down 5.53% following a cautious report from JPMorgan ahead of its third-quarter earnings release.
The lithium sector also felt the pressure, with Ganfeng Lithium (01772) and Tianqi Lithium (09696) dropping 4.21% each, as the relatively loose supply-demand balance and increased production raised concerns about an immediate price reversal.
Other notable decliners included Meituan-W (03690), which fell 4.1%, BABA-W(09988) down 3.2%, SMIC(00981) shedding 2.2%, TENCENT(00700) declining 1.5%, while HORIZONROBOT-W(09660) bucked the trend with a 2.8% gain.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。