### Hong Kong Stock Market Update#### Recent PerformanceThe Hong Kong stock market has experienced gains over the past two sessions, accumulating over 260 points, or a 1.5% increase. The Hang Seng Index currently rests just below the 17,875-point threshold. However, it is anticipated to remain relatively stable on Wednesday.#### Global Market OutlookThe global outlook for Asian markets suggests minimal movement as investors await significant corporate and inflation data. While European markets displayed mixed results and U.S. markets showed slight gains, the Asian markets are expected to remain relatively unchanged.#### Market Activity on TuesdayOn Tuesday, the Hang Seng Index edged higher, primarily driven by gains in the financial, property, and technology sectors. The index rose by 75.94 points, or 0.43%, to close at 17,874.67, fluctuating between a low of 17,624.42 and a high of 17,879.27 during the day.#### Performance of Key Stocks- **Alibaba Group**: Dropped by 4.02%- **Alibaba Health Info**: Rose by 0.34%- **ANTA Sports**: Increased by 0.28%- **China Life Insurance and Industrial and Commercial Bank of China**: Both up by 1.27%- **China Mengniu Dairy**: Advanced by 1.31%- **China Resources Land**: Gained 0.23%- **CITIC**: Spiked by 3.05%- **CNOOC**: Soared by 3.38%- **CSPC Pharmaceutical**: Slightly up by 0.21%- **ENN Energy and Haier Smart Home**: Both fell by 3.33%- **Galaxy Entertainment**: Declined by 0.81%- **Hang Lung Properties**: Increased by 1.90%- **Henderson Land**: Surged by 4.13%- **Hong Kong & China Gas**: Improved by 1.11%- **JD.com**: Plummeted by 3.69%- **Lenovo**: Climbed by 1.48%- **Li Auto**: Rose by 2.19%- **Li Ning**: Rallied by 2.38%- **Meituan**: Fell by 2.57%- **New World Development**: Jumped by 2.11%- **Nongfu Spring**: Dropped by 0.33%- **Techtronic Industries**: Added 0.38%- **Xiaomi Corporation**: Increased by 0.85%- **WuXi Biologics**: Declined by 2.19%- **Hengan International**: Remained unchanged#### Wall Street SummaryWall Street showed a flat-to-positive trend as major averages hovered around the unchanged line throughout Tuesday’s session, eventually closing with modest gains. The Dow gained 10.00 points, or 0.02%, finishing at a record 41,250.50. Meanwhile, the NASDAQ added 29.05 points, or 0.16%, closing at 17,754.82, and the S&P 500 increased by 8.96 points, or 0.16%, ending at 5,625.80.#### Upcoming InfluencesThe cautious trading on Wall Street was influenced by traders awaiting Nvidia (NVDA) to release its fiscal second-quarter results. Additionally, traders are looking forward to the Commerce Department’s report on personal income and spending for July, which includes key inflation indicators favored by the Federal Reserve, set to be released on Friday. Although the data is not expected to alter beliefs about the Fed lowering rates next month, it may impact expectations regarding the speed of future rate cuts.#### Oil MarketOil prices fell on Tuesday after three consecutive days of gains, ahead of impending supply data. West Texas Intermediate Crude futures for October dropped by $1.89, or 2.5%, to settle at $75.53 per barrel.The material has been provided by InstaForex Company – www.instaforex.com
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