Welcome to Extreme Investor Network, where we provide you with unique insights and valuable information about the stock market, trading, and all things Wall Street. Today, we will be discussing the recent movements in various indexes and commodity markets to help you make informed investment decisions.
Starting with the Hang Seng Index, we saw a significant decline of 6.28% to 19,426 in the week ending November 15. This drop was attributed to falling bets on a December Fed rate cut, as well as investors assessing China’s latest economic data and Trump’s tariff threats. Real estate and tech stocks also contributed to the weekly losses, with tech giants like Alibaba, Baidu, and Tencent all seeing declines.
In the commodity markets, iron ore and gold also suffered heavy losses. Iron ore spot prices slid by 3.26% amid China demand concerns and looming US tariffs, while gold prices fell 4.51% on declining expectations for a December Fed rate cut.
Moving on to the ASX 200, the index slipped by 0.12% in the same week, with pressure from mining and gold stocks leading to the negative territory. However, tech and banking stocks managed to limit the losses, with the S&P/ASX All Technology Index rallying 3.89%.
The Nikkei Index also saw a decline of 2.17% in the week ending November 15, partially reversing a previous week’s gain. Factors such as a stronger USD/JPY and investor sentiment towards the Fed rate path played a role in this drop.
Looking ahead, key events like PBoC and RBA rate decisions, US data releases, and stimulus chatter from Beijing will likely influence market sentiment. Stay informed by following our latest updates to effectively manage your risks and make sound investment decisions.
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