On November 28th, the U.S. stock and bond markets observed a closure in honor of Thanksgiving, with an early cessation on November 29th, commonly known as Black Friday. In accordance with the directives of the Securities Industry and Financial Markets Association (SIFMA), both the Nasdaq Stock Exchange and the New York Stock Exchange (NYSE) remained shuttered on Thanksgiving and operated for a truncated period the subsequent day, concluding trading activities at 1:00 PM Eastern Time.

Preceding the Thanksgiving holiday, the market grappled with adverse financial disclosures from Dell Technologies Inc. and HP Inc., instigating a downturn in stock valuations. This downturn exerted downward pressure on technology stocks, notably Nvidia, leading to a subdued trading atmosphere for the prominent U.S. indices on November 27th, preceding Thanksgiving. The Dow Jones Industrial Average experienced a decline of 0.31% (138.25 points), closing at 44,722.06 points, relinquishing a three-day streak of record highs. Simultaneously, the Nasdaq Composite retreated by 0.6% (115.1 points) to settle at 19,060.48 points. The S&P 500 registered a decline of 0.38% (22.89 points) to reach 5,998.74 points. The Philadelphia Semiconductor Index depreciated by 1.51% (74.55 points) to 4,853.01 points, marking a nadir since November 15th.

Moreover, the Asia-Pacific stock markets witnessed a collective descent, with both the Japanese and South Korean markets experiencing downturns. The Nikkei 225 index depreciated by 0.83%, while the South Korean KOSPI index recorded a 1.92% decline. Notably, due to the Japanese government's reduction in energy subsidy policies, Tokyo's November Consumer Price Index surpassed the 2% threshold, surpassing initial projections. Subsequent to this data release, the futures market indicated a probability exceeding 50% for the Bank of Japan to implement an interest rate hike in the upcoming month. Consequently, the yen appreciated by nearly 1%, prompting the USD/JPY pair to breach the 150 level to settle at 150.08.

Conversely, A-shares demonstrated a collective upsurge, led by the consumer, pharmaceutical innovation, and banking sectors, while the defense, real estate, and non-ferrous metals segments lagged behind. At the time of composition, the Shanghai Composite Index recorded a rise of 0.3%, the Shenzhen Component Index ascended by 0.3%, the ChiNext Index surged by 0.47%, the Hang Seng Index increased by 0.24%, and the Hang Seng Tech Index displayed a 0.43% gain.

How to Invest Using uSMART

After logging into the uSMART HK app, click on the "Search" option located at the top right of the page. Enter the stock code, such as "NVDA" to access the details page where you can review transaction details and historical trends. Then, click on the "Trade" option at the bottom right corner, select the "Buy/Sell" function, and finally fill in your transaction conditions before submitting your order.