
Hong Kong's Hang Seng Index experienced a significant rise, closing up 2.0% at 18,013.16 points on September 19, 2024, following a 50-point drop in the Federal Reserve rate. The Hang Seng Properties Index, representing real estate firms, also saw a strong increase, closing up 2.30%. On the same day, Taiwan's stock market showed positive performance, with the Taiwan Stock Index closing up 1.7% at 22,042.69 points. The Shanghai Composite Index opened up 0.2% at 2,723.21 points, and China's CSI300 Index opened up 0.2% at 3,178.40 points. Specific sectors in China, such as the SSE Real Estate Index, CSI Consumer Staples Index, CSI Food & Beverage Index, and CSI Internet Finance Index, all reported gains of around 3%. Additionally, Taiwan's central bank noted that their interest rate is at a 16-year high and announced a reserve requirement ratio hike that would absorb T$125 billion. On September 20, 2024, the Hang Seng Index continued its upward trend, closing up 1.4% at 18,258.57 points, and Taiwan's stock index closed up 0.5% at 22,159.42 points.