Changes in Hong Kong stocks | Expectations of interest rate hikes are heating up, and the Bank of Hong Kong's net interest spread is expected to increase by nearly 7%, Dah Sing Bank Group (02356) and the Bank of East Asia (00023)

The Zhitong Finance App learned that Bank of Hong Kong stocks rose against the market. As of press release, Dah Sing Bank Group (02356) rose 6.94% to HK$13.86; Bank of East Asia (00023) rose 6.74% to HK$15.04; and BOCHK (02388) rose 4.22% to HK$50.4.

According to the news, US Treasury yields have risen to the highest level in the year due to rising oil prices, and the market expects the Federal Reserve to raise interest rates as soon as next week. Traders recently forecast that the probability that the Federal Reserve will raise the benchmark interest rate by 25 basis points at next week's interest rate meeting is about 31%, and the probability of keeping interest rates unchanged is 69%. According to reports, the increase in net interest spreads in the interest rate hike environment is expected to benefit the profits of the Hong Kong banking industry. Huatai Securities previously pointed out that since the beginning of the year, foreign capital has increased its overall allocation to the Hong Kong stock financial sector, and the bank suggests seizing the opportunity to revalue the Bank of Hong Kong. In the next phase, we need to focus on the performance improvement opportunities brought about by the restoration of Hong Kong's economic fundamentals and stabilizing interest spreads.