Jinwu Financial News | The market is concerned about the Federal Reserve's interest rate cuts. Hong Kong bank stocks are generally improving. Hang Seng Bank (00011) rose 2.66%, Bank of China Hong Kong (02388) rose 2.35%, Dah Sing Bank Group (02356) rose 2.29%, HSBC Holdings (00005) rose 1.12%, and Bank of East Asia (00023) and Standard Chartered Group (02888) followed suit.

According to the news, according to the Chicago Mercantile Exchange's “Federal Reserve Watch” tool, the futures market priced the scale of the US Federal Reserve's interest rate cut on Wednesday: the probability of cutting interest rates sharply by 50 basis points is as high as 63%, far exceeding 30% a week ago, and the possibility of a “regular” interest rate cut of 25 basis points is only 37%.