Lau Sze-ming: Hong Kong Market Conditions Keep Improving as Mainland Insurers and Consumer Stocks Support the Broader Market

Lau Sze-ming noted that Hong Kong market conditions are continuing to improve, with the mainland insurance and consumer sectors supporting the broader market. US midterm elections have entered the voting stage, and with US semiconductor stocks continuing under pressure, market risk sentiment has tightened and the S&P 500 has performed weakly. According to data from prediction market platforms, the probability of the Democrats winning both chambers of Congress stands at 70 per cent, which the market has already priced in, and no major overall impact on the stock market is expected.