突然，集体杀跌！最大变数，即将来袭？

Core Viewpoint - The article highlights a significant decline in the Asia-Pacific stock markets, primarily driven by the anticipated interest rate hike by the Bank of Japan, which is expected to impact global market sentiment and risk appetite [1][5]. Market Performance - On December 16, the MSCI Asia-Pacific index fell by 1%, with the Nikkei index dropping over 1.3% and the KOSPI index declining more than 1.7% [3]. - The Hong Kong stock market also experienced a downturn, with the Hang Seng Technology Index falling nearly 1.7% [3]. - In the A-share market, all major indices dropped over 1%, with more than 4,500 stocks declining, particularly in sectors such as film and television, precious metals, military industry, and commercial aerospace [3][5]. Key Economic Factors - The primary uncertainty in the market is attributed to the Bank of Japan's upcoming monetary policy meeting on December 18-19, where a rate hike from the current 0.5% is expected, potentially reaching 0.75% [5]. - This would mark the highest interest rate level in 30 years since 1995, with indications that over half of the policy committee members support this move [5]. - The anticipated rate hike is seen as a response to the weakening yen and may have implications for the Hong Kong market, which has been underperforming partly due to reduced yen carry trade activities [5]. Broader Market Sentiment - The article notes that major markets, including the US, are at historically high valuations, and the recent retreat in AI trading has led to a decline in risk appetite [6]. - The potential for the Federal Reserve to consider quantitative easing (QE) amidst rising stock prices could exacerbate market bubbles, suggesting a need for a rational correction [6].