Driven by financial and technology stocks, the Hang Seng Index continued to rise today. Microsoft and Visa revenue forecast strong share prices. The US Dow rose 0.2% yesterday, but the Nasdaq Golden Dragon China Index, which tracks Chinese stocks, rose 4.9% last night, while the Nasdaq Golden Dragon China Index fell 0.01%. At the time of writing, the yield on US 10-year treasury bonds rose to 2.826 per cent, the US exchange rate index rose to 103.3, US stock Dow futures rose 346 points or 1%, and Nasdaq futures rose 2.3%. The Bank of Japan maintained a loose monetary policy, and the yen fell against the dollar in the afternoon. The Asian monetary index fell 0.52% to 104.02. This morning, the RMB midpoint fell 30 points to a low of 6.5628 to the dollar for more than a year, and the onshore currency fell through the 6.6. today, the Shanghai Composite Index repeatedly rose 17:00 or 0.58% to close at 2975 points, while the Shenzhen Composite Index fell 0.2%. The turnover on the Shanghai and Shenzhen stock markets totaled 840.5 billion yuan. The Hang Seng Index opened as high as 20286 points, rising 329 points or 1.65% to close at 20276 points, the national index rose 132 points or 1.95% to close at 6918 points, and the Hang Seng Science and Technology Index rose 85 points or 2.15% to close at 4066 points. The total daily turnover in the big market dropped to 105.754 billion yuan. Southbound trading between Shanghai and Shenzhen will be reopened on May 5 due to the suspension of the May Day holiday. [with support from China Merchants Bank] The Nasdaq Golden Dragon China index, which tracks US-listed Chinese stocks, rose 4.9 per cent last night, while Hong Kong-listed tech stocks were admired, with Alibaba (09988.HK) up 4.4 per cent, JD.com (09618.HK) up 4.5 per cent and bilibili (09626.HK) up 6.2 per cent. China Merchants Bank (03968.HK) shares rallied 5.7 per cent today to close at Rmb46.95. Fairbar recently released a report saying that China Merchants Bank's results in the first quarter of this year reflected market fluctuations and the impact of the mainland on the control of the epidemic, but believed that the fundamentals of China Merchants Bank were still strong. The bank said it reiterated its "buy" investment rating on China Merchants Bank and lowered its forecast for fair value per share (Fair Value) from 72 yuan to 70 yuan, reflecting the lower forecast for fee income growth in 2022, and expected annual growth of revenue and shareholder net profit to slow to 8.5% and 12.5%, respectively. [rise a thousand dregs to hit the score and then play] The market width of Hong Kong stocks is good today, with a rising-falling ratio of 27 to 14 (22 to 18 the previous day) and 1148 rising shares (up 3.2%), while 57 shares of the Hang Seng Index rose and fell 8 shares today, with a ratio of 86 to 12 (33 to 61 the previous day). The market sold 23.835 billion yuan today, accounting for 27.143% of the 87.814 billion turnover of short-selling shares (19.778% the previous day). Standard Chartered Group (02888.HK) shares jumped 10.4% to 52.9 yuan. At noon, the bank announced a statutory pre-tax profit of US $1.492 billion, an annual increase of 6%, much higher than market expectations to US $1 billion, and an increase of 7% at a fixed exchange rate benchmark. The basic pre-tax profit was US $1.5 billion, an annual increase of 4%, an increase of 5% at a fixed exchange rate benchmark, and a profit attributable to shareholders of the legal parent company of US $1.176 billion, an annual increase of 8%. Basic earnings per share are 34.8 cents. The company is moving towards a 10 per cent return on tangible equity target by 2024, or even earlier. Standard Chartered's basic pre-tax profit in the first quarter of this year was $1.5 billion, well ahead of Bank of America Securities's forecast of $997 million, up 50.5%. Standard Chartered's common equity tier one capital ratio was 13.9% at the end of March, which was also higher than Bank of America's original forecast of 13.1%. Standard Chartered management said in mid-February that it could step up efforts to give back to shareholders if earnings continued to pick up and the common equity tier one capital ratio remained in the 13-14 per cent range. (wl/a) ~