Intelligent Investor’s HK Stock Analysis
The explosive news in the market today is that NVIDIA, the chipmaker, will invest up to USD 1 trillion in OpenAI and provide it with data center chips.
Dissecting the Market
The super typhoon ‘Hagibis’ is approaching, with intensity comparable to ‘Mangkhut’. It features strong intensity, large size, stable trajectory, significant wind and rain impacts, and extreme wind conditions. In the past, such an event would have led to a trading halt at the Hong Kong Stock Exchange, but subsequent rule changes now allow trading to continue regardless of typhoon severity. The Hong Kong stock market was somewhat affected, with the Hang Seng Index falling by 0.70% today.
Following the Federal Reserve’s interest rate cut, the uptrend in U.S. stocks has…
