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[Special guest V] Guo Jiayao: Market is waiting for the US election and mainland policy news, expecting the index to be difficult to break through in the short term.
Kingwu Finance News | US stocks fluctuated under pressure on Wednesday, supported by technology stock performance early in the session. The market opened high in the morning, then gradually fell back, with all three major indexes closing with moderate declines. The US dollar trended downwards, while the yield on the US ten-year bond rose to 4.3%, and gold prices continued to rise while oil prices slightly rebounded from their lows. Individual developments in Hong Kong stocks are anticipated, with a lack of direction expected in the market in the morning. Mainland Chinese stocks fell yesterday, with the Shanghai Composite Index opening high but closing down by 0.6%. Trading volume in both Shanghai and Shenzhen also decreased slightly. Hong Kong stocks fell on the futures settlement day, breaking below the ten-day moving average level, dropping to around 20,200 points, and the market saw a slight narrowing of losses towards the end of the session.
John Lee Ka-chiu: will conduct phased testing of various venues in Kai Tak Sports Park, with the Youth Sports Ground expected to hold test matches again as early as mid-November.
Chief Executive John Lee Ka-chiu attended a press conference before the executive meeting today (29th), stating that the Kai Tak Sports Park Youth Sports Ground held its first test match last Sunday (27th), with over 1,500 spectators and about 300 staff participating. He mentioned that the Hong Kong government has collected feedback from the audience on that day in the form of a QR code questionnaire and will make improvements based on the feedback. John Lee Ka-chiu added that the government requested MTR to provide extra train services during this youth sports ground test, and will also test adding buses and tour buses to transport dispersing passengers. They will also test setting up drop-off points outside the MTR Sung Wong Toi Station.
Benefiting from the bullish release of favorable policies, the value reassessment of Xinjieli (00659.HK) with impressive performance and stable dividends is in progress.
Recently, the trading in the Hong Kong and A-share markets has been hot, with an active atmosphere, especially in the mainstream insurance and logistics sectors, where most stocks have performed notably. One typical case that must be mentioned is nws holdings (00659.HK), a diversified integrated business group listed in Hong Kong. As a Hong Kong enterprise simultaneously making efforts in both of these major fields, it not only has outstanding performance in the latest financial results, but also has the opportunity to continue benefiting from a series of bullish policies introduced by the mainland government to stimulate the economy and stock market, with significant growth potential. In early October 2024, the stock price of nws holdings once exceeded
NWS to Dispose of All Interests in Hyva 3 Group, Reassign All Indebtedness to Buyer
nws holdings, a joint venture, plans to sell its stake in Hyva Group to JOST.
nws holdings (00659) announced that on October 14, 2024, Hyva I B.V. and one of its subsidiaries (collectively referred to as the "Hyva Sellers") entered into an agreement with Jost-Werke International Beteiligungsverwaltung GmbH ("JOST"), regarding the sale by the Hyva Sellers of all their equity interests in Hyva III B.V. and its subsidiaries (collectively referred to as the "Hyva Group") to JOST, and prompting the shareholders of Hyva I B.V.
NWS Holdings Announces Strategic Divestiture
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