Generally speaking, the national interest rate hike is bad news for the stock market for two reasons: 1, interest rate hike, capital flowing back to banks, stock market capital decreasing, and the stock market will fall. 2. With the increase of interest rate, the financing cost of enterprises increases (generally corporate debt), the profit drops, and the stock price falls. However, when the country raises interest rates, it should consider the stage of the stock market. If it is a rising period, it will only make short-term adjustments to the stock market, but if it is a downward trend, it will undoubtedly add insult to injury and accelerate the decline of the stock market. Therefore, the interest rate is negatively related to the stock market, but it does not constitute an inevitable relationship.