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Hong Kong stocks are moving abnormally | Bright Smart Securities & Commodities Group Ltd. (01428.HK) surged over 6%, with its stock price nearly doubling this week. The company has received a premium acquisition from Ant Financial.

02/05/2025

According to the Wise Finance APP, Bright Smart Securities Financial (01428.HK) surged over 6%, with the stock price nearly doubling this week. As of the time of writing, it rose by 6.13%, reaching 7.27 Hong Kong dollars with a turnover of 254 million Hong Kong dollars.

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2 m ago

Institution: The market may have incorrectly priced the start time of the Fed rate cut American interest rate strategist Ira Jersey stated that the Fed will wait until the labor market is struggling and concerns about inflation related to tariffs have passed before cutting rates. But once it does, it will be aggressive. The market may have incorrectly priced the timing of the rate cut, but the magnitude of the rate cut pricing may be correct. We believe the Fed may cut rates to 3%, but it will not start until the end of this year and will cut rates quickly.

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