The Fed announced a significant half-point interest rate cut, and is expected to cut by another half-point before the end of this year. The Hang Seng Index opened slightly lower this morning (19th) and then rebounded, now at 17,927, up 267 points or 1.5%, with a turnover of 68.6 billion yuan.

The Hong Kong Stock Exchange (00388.HK) opened flat today and then rose, reaching a high of 238.2 yuan, breaking through the 10-day, 20-day, and 50-day moving averages. It is now at 238.2 yuan, up 5.77%, with trading volume increasing to 6.2235 million shares, involving 1.446 billion yuan.

Charles Li, the CEO of the Hong Kong Exchanges and Clearing Limited, recently stated that a large number of new listings are expected, with approximately 100 listing applications currently being processed, including plans to raise $1 billion in capital. He further stated that with favorable external conditions, the company hopes to complete all listing procedures by the end of the year.