Reading Time: 8 minutes 【May 6, 2024】 – In April 2024, the “GUM Comprehensive MPF Index” fell by 0.2% to 230.5 points,the average loss per member in the MPF was HKD 572, with a total gain of HK$ 5,449 for the year.Michael Chan, Managing Director of GUM, pointed out that “The recent rebound in the Hong Kong stock market was primarily driven by five favourable measures introduced by Mainland China, which optimized the Shanghai-Hong Kong Stock Connect mechanism and attracted Mainland investors to invest in Hong Kong. Conversely, global markets experienced a pullback in April, mainly due to the Iran and Israel conflicts. Expectations for interest rate cuts by the Federal Reserve have decreased once again, with current projections suggesting only one rate cut in 2024. It is anticipated that market volatility will increase as the United States enters the earnings season in May, and investors should exercise caution and closely monitor market dynamics.”