Investment 30/5/2023

The HSI opened 80 points higher at 18,827. It once reached a high of 18,879, up 133 points. Afterwards, it turned back and down again and again, reaching a low of 18,517 at the end of the market, a drop of 229 points, which was the lowest level in nearly half a year since the beginning of December last year, and finally closed at 18,551, a drop of 195 points. The HS Tech index closed at 3,647, down 43 points. Market turnover was HK$110.5 billion , down more than 4% from last Thursday. 

The HSI fell again yesterday, and it can be confirmed that it has fallen below the March low of 18,829. The market outlook will fill up the rising gap left by the end of November last year (17,364 to 17,536). In weaker cases, the mid-term measurement target may even be 14,900 points. If there is a short-term rebound, last Friday's falling gap (18,930 to 19,046) has resistance. 

Hong Kong stocks have been weak in terms of turnover and trend recently. Although the U.S. debt ceiling has reached an agreement, the market has long expected this. Coupled with the strong US dollar exchange rate, the news failed to drive Hong Kong stocks to rebound significantly. After the futures index is settled, the funds will be re-deployed, and the market will show signs. The external performance is good, but the RMB is weak, and China announced last week that the total profits of industrial enterprises in the first four months of this year fell by 20.6% year-on-year. The market is worried about the pace of economic recovery in the mainland. If the Chinese government does not introduce policies such as subsidies and tax cuts, it will be difficult to improve China's economy. The market is waiting to see the manufacturing purchasing managers' index (PMI) data released by China and the United States this week, and the current focus is whether the United States will raise interest rates next month. 

Monday is Memorial Day in the United States, and the U.S. stock market is closed for the day. In Europe, the British stock market was closed for holidays, while German and French stock markets closed down 0.2% and 0.21% respectively. Asian stock markets generally performed well. The Nikkei average rose 2.08% at one point, and still rose 1.03% to close at 31,233 points, the highest level since July 1990. 

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
閱讀完整內容

Investment 24/4/2026

圖片
The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
閱讀完整內容

Investment 27/4/2026

圖片
The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
閱讀完整內容