Expectations for a U.S. rate hike next month are increasing. Interest rate markets show the probability of the Fed raising rates by 0.25 basis points in October has surged from 55.4% a day earlier to over 68%. The yield on the U.S. 10-year bond once again rose above the 5% level, reaching a high of 5.139%, while the U.S. 30-year fixed mortgage rate increased by 15 basis points to 7.12%, a more than two-year high. The U.S. Dollar Index rose as much as 0.63%, reaching 101.23.
Overnight, spot gold prices dropped as much as 1.91%, hitting a low of USD 4275.13 per ounce. Overnight, LME copper futures were quoted at USD 14,619.63 per ton, down 0.15%; aluminum futures at USD 3,251.50 per ton, down 0.30%; zinc futures at USD 3,894.50 per ton, down 0.40%.
Currently, the Hang Seng Index stands at 24,706, down 128 points or 0.5%, with main board turnover nearing HK$93.8 billion. The H-share Index is at 8,241, down 31 points or 0.4%. The Hang Seng Tech Index is at 4,340, down 38 points or 0.9%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Luo Mo (03993) | 14.97 | Down 4.41% |
| Chalco (02600) | 7.79 | Down 1.39% |
| MMG (01208) | 8.58 | Down 3.21% |
| China Nonferrous Mining (01258) | 15.49 | Down 2.52% |
| Jiangxi Copper Industry (00358) | 32.9 | Down 3.74% |
| China Hongqiao (01378) | 20.76 | Down 2.54% |
