The major US had mixed performance overnight, however, Hong Kong equitiesrose for three consecutive days. The index increased 186 points to close at 22,744points. HSCEI closed at 9,664 points, rising 61 points. Turnover for the wholeday was $62.3 billion. The exports of Iraq’s oil hit record high, dragging the oilprice, but oil stocks closed mixed. On the other hand, some jewelry enterprisesreported operation data, related stocks rose 4% to 5%.
Ahead of the Trump press conference Wednesday, investors prefer to adopt waitand see attitude. Oil price continued to retreat on Tuesday, fell 2.2% to 50.9 USdollar per barrel, oil stocks fell. The Dow continued its consolidation below20,000, closed 32 points lower (at 19,856). On the other hand, funds continued toflow into technology stocks, the Nasdaq rose 20 points (to 5,552), notched itsfourth record close in a row.
Hang Seng Index rose for 3 consecutive days, but turnover does not improve much,it might not be easy to overcome resistance at 23,000 in the near term. Besides,Trump will hold his first press conference (after elected as US president), whichwill be market focus.