Investment

The HSI opened 8 points higher and reported at 19,180, reaching an intraday high. Affected by A-shares, Hong Kong stocks continued to weaken. In the afternoon, they lost as much as 334 points, reaching a low of 18,837, and finally closed at 18,934, down 237 points, almost evaporating the gains of the past two days . The HS Tech index fell 68 points to close at 3,933. The full-day turnover of the market rose slightly by 3.6% to HK$82.1 billion .  Under the drag of A-shares, Hong Kong stocks opened higher and lowered on the settlement day of the futures index, and fell below the 19,000-mark. China Science and Technology Network and domestic demand stocks were under pressure. Investors are concerned about whether the U.S. Federal Reserve will raise interest rates in July, Sino-U.S. relations, the weak trend of the RMB, and the weaker-than-expected performance of the mainland economy. Even though they expect the mainland to introduce more policies to support the economy in July, they s...

Yesterday, the Hong Kong stock market struggled. The HSI opened 48 points lower at 19,099. The decline once expanded to 128 points, reaching a low of 19,019. However, there was buying support at 19,000. However, it was restricted by the 20-DMA (19,225), and fell 25 points in half a day. In the afternoon, within the range in the morning, the HSI closed up 23 points at 19,172. The HS technology index regained the 4,000-point mark and closed at 4,001 , up 29 points. The market's full-day turnover was less than HK$80 billion , only 79.3 billion .  From last Friday to this Tuesday, the HSI formed a "morning star" turnaround pattern. Generally, the rebound can return to the starting point of the falling wave, which is 20,155. But at present, Hong Kong stocks are still in a state of consolidation, and may fail to break through the central axis of the Bollinger Channel, and it is expected to be quite difficult to break through the 20-DMA. To break through, there needs to be major...

China's state-owned major banks "shot" the US dollar in the spot foreign exchange market to stabilize the recently weakened RMB. On Tuesday, the offshore RMB and the onshore RMB once rebounded by more than 300 pips.  After falling 1,246 points in the past five days, the HSI opened 57 points higher, and then rose more and more. It rose by as much as 432 points and recovered the 19,000 level ,  It hit a high of 19,226, but encountered resistance when it touched the 20-DMA (19,196), and closed at 19,148, up 354 points. The HS Tech index closed at 3,972, up 99 points. The full-day turnover of the main board was HK$91.6 billion.  Although the Hong Kong stock market rebounded by more than 400 points on Tuesday, investors are in a wait-and-see atmosphere. Unless the HSI can break through the 250-DMA(19,515) of the bull-bear boundary in the short term, the market outlook will continue to rebound. We should pay attention to whether the central government will actually implement fa...

The HSI opened 44 points lower and then rose 111 points, hitting the 19,000 mark. It turned around when it reached 19,001 points, and fell more than 122 points at most. The longest drop in a month. The HS Tech index closed at 3,872, down 6 points. "Bei Shui" returned after a long holiday, but the market turnover only recovered to BHK$83.8 billion . The Hong Kong stock market is about to close the index futures settlement and semi-annual end. It rebounded earlier under the effect of "window dressing" by the fund, but the HSI's rise to the 20,200 level has obvious resistance. It is expected that the HSI will continue to have adjustment pressure, and there is a chance to test the 18,300 support.   If it continues to fall repeatedly, there is a chance to test the 17,692 level. For weaker cases, see 14,597 again.  According to the trend calculation: the HSI rebounded from 14,597 points on October 30 last year and peaked at 22,700 points on January 27 this year. If th...

The weakness of the RMB has not changed, and the offshore RMB has fallen to the weakest in nearly 7 months. Hong Kong stocks will be sold after the Dragon Boat Festival holiday. After the HSI opened 83 points lower on Friday, it has fallen more and more. The index finally closed at 18,889, down 328 points. The HS Tech  index closed at 3,879, down 82 points. The mainland market is closed for holidays, and the lack of China Cap. The market turnover is only HK$69.7 billion , the lowest since May 3 this year.  Hong Kong stocks traded on the 4th of last week, and the result was "four consecutive negative days". The HSI fell 1,150 points, or 5.73%, for the week; the HS Tech index fell 354 points, or 8.36%.  Last Friday, the HSI fell below the 20-DMA (19,164) as expected, lost the 19,000-point mark, and narrowly held the low of 18,829 on March 20. It is expected to fall below today, and the low of 18,044 on May 31 is expected to be tested again. The market still hopes that the m...

The Hong Kong stock market fell for 3 days in a row. The HSI opened 301 points lower and then repeatedly found a bottom. It fell by as much as 432 points. ，the low was 19,174, close to the 20-DMA (19,175) with support, and closed at 19,218, down 388 points 。The HS technology index crossed the 4,000-point mark and closed at 3,961, down 113 points. The main board's full-day turnover was HK$98.1 billion.  Last Friday (16th), the HSI soared to the 100-DMA (20,096) and fell back. It closed with black candlesticks from Monday to Wednesday. On Wednesday, it fell below the 10-DMA (19,563) and the boundary between bulls and bears i.e. the 250-DMA (19,542), fortunately there is a buying order to undertake at the 20-DMA. U.S. stocks resumed weaker after the holiday. The reduction of LPR in the mainland has widened the gap between China's bond yields and US bond yields, weakening the renminbi and falling below the 7.19 level, the lowest level of the year. The stimulus measures introduced b...

China's reduction of the loan market quotation rate (LPR) in June was less than market expectations. The HSI opened lower by 49 points. It fell by as much as 408 points to 19,504, dragged down by a sharp drop in the RMB. Afterwards, driven by the stabilization of mainland A-shares and the narrowing of the decline in the RMB, the decline in the HSI also narrowed slightly in the late market. It fell 305 points throughout the day and closed at 19,607 points. The HS technology index fell 103 points to 4,075. Market turnover fell back to HK$94.4 billion .  The U.S. stock market was closed overnight, Hong Kong stocks lacked direction on Tuesday, coupled with the weakening of the RMB ,  and the U.S. Nasdaq began to weaken last Friday, affecting the atmosphere of the entire technology and Internet stocks, so Hong Kong stocks performed weakly. It is expected that the HSI will fall below the 250-DMA today and test the short-term important support of 19,000. If the market outlook breaks ...

Hong Kong stocks fell yesterday. The HSI opened 56 points lower and fell below the 20,000-point mark. It then continued to find its bottom, falling 321 points  to a low of 19,718 . The HS tech index fell 55 points to 4,178. The market's main board traded at HK$102.9 billion throughout the day.  Hong Kong stocks fell again, mainly because the mainland introduced rescue measures over the weekend, but no specific plan was released, exacerbating concerns about economic growth. Analyst reports showed that sales performance during the "618" promotion period was weaker than expected, and technology stocks pushed the market lower. Afterwards it was announced that US Secretary of State Antony Blinken would meet with Xi Jinping, and the stock market narrowed its losses. On the first day of the RMB dual counter, among the 24 dual-counter securities, the performance of RMB stocks on the first day was quiet, with a turnover of about 162 million. Only 4 stocks traded over 10 million th...

The HSI opened 86 points higher, narrowed its gains to 47 points, hit a low of 19,876, then widened its gains to 327 points, hit a high of 20,155, and closed at 20,040, up 211 points, up 631 points in two days, marking the highest level since May 8. Over 20,000 levels. The HS Tech  index closed at 4,233, up 35 points, rising for the sixth day in a row. Turnover soared to more than HK$170 billion , an increase of 44% from the previous day, the most in four and a half months.  The HSI gained 650 points for the whole week and gained 1,293 points for three consecutive weeks. The HS Tech index gained 299 points for the week.  Although the HSI has broken through the 20,000-point mark, it still has a lot of resistance from the 100-DMA (20,163) to the May high of 20,300 points. However, if there is another adjustment, the initial support level is 50-DMA(19,709), and the rising 20-DMA (19,166) has stronger support.  The valuation of Hong Kong stocks is at a relatively low lev...

The HSI opened 218 points higher at 19,626. In the afternoon, the mainland stock market rose, leading the HSI to expand its gains to 424 points , high saw 19,832, and finally closed at 19,828, up 420 points .  The HS Tech index broke through the 4,100 level and closed at 4,198, up 145 points, rising for 5 trading days in a row. Market turnover was HK$ 121.4 billion , a surge of 30% from the previous day.  The HSI closed at close to the day's high, recovering the boundary between bulls and bears , i.e. 250-DMA (19,565) , and 50-DMA (19,716) , and hit a new one-month closing high. It is expected to have a chance to break through the 20,000 mark today, and the market outlook will challenge the May high of 20,300. If there is an adjustment, the initial support level is 19,400, and the greater support level is 19,000 points. At present, the market is still looking forward to the mainland's further economic stimulus policies. If the turnover continues to match, the performance of Ho...

Both the S&P 500 and the Nasdaq hit new highs in 13 months. Hong Kong stocks lacked direction yesterday after rising for five consecutive days. The HSI opened 26 points higher at 19,547. It struggled in the early stage, and then expanded to 120 points, reaching a high of 19,641. However, there was no follow-up buying. It fell 169 points, reaching a low of 19,352. In the end, the HSI closed at 19,408, down 113 points, ending the 5-day rally. The HS Tech index rose 14 points to close at 4,052. The full-day turnover of the market was HK$93.1 billion , still lower than HK$100 billion .  The 250-day moving average (19,572) of the bull-bear boundary of the HSI gained and then lost yesterday, but it has accumulated more than 1,200 points since this month, and the bottom has moved upward steadily. Technically, the Hang Seng Index has also broken through and stabilized its Bollinger central axis and 20-DMA (19,137). Coupled with a series of stimulus measures introduced by the mainland, ...

The HSI opened 48 points lower at 19,355. Amid the weakening of the RMB, the decline in the market once widened to 131 points, reaching a low of 19,273. However, buying orders were accepted at low levels, and the People’s Bank of China lowered the interest rate for reverse repurchase operations, and the market rebounded , rose 78 points in half a day. The mainland official media expects that the MLF and LPR will be lowered, and the market looks forward to a new round of economic stimulus measures. Hong Kong stocks expanded their gains in the afternoon. The HSI once rose 168 points, reaching a day-high of 19,572 points. The HSI closed up 117 points at 19,521, rising for five days in a row and revisiting the 19,500 mark. The HS Tech index closed up 93 points at 4038, revisiting the 4,000-point mark. Market turnover increased to HK$ 99.7 billion .  The Hong Kong stock market rebounded yesterday. I believe the main reason is that in the afternoon there was news that the Mainland is con...

The market is waiting to see the US interest rate meeting starting on Thursday. Hong Kong stocks performed in a bullish manner and lacked direction. As the US stock market performed well last week, the HSI opened 51 points higher at 19,440, which is already a daily high. After that, it dipped downwards and reached a low of 19,255, down 134 points. In the afternoon, the A-shares went up and down, driving the HSI to rebound and finally closed at 19,404, up 14 points, with a day-to-day fluctuation of 185 points. The HS Tech index closed up 10 points at 3,944. The market turnover further shrunk to HK$80.3 billion , 7.3% less than the previous day.  It is expected that Hong Kong stocks will continue to be depressed until the results of the Federal Reserve's interest rate meeting are announced. The market expects that the interest rate hike will be suspended this time, but for the subsequent pace of interest rate hikes, it is still necessary to continue to pay attention to the interest r...

US stocks closed higher overnight, and Hong Kong stocks opened higher on Friday. The HSI rose 34 points in the early session, and then turned from a rise to a fall, with a maximum drop of 68 points. Near the afternoon market, it rebounded again, reaching a high of 19,463, up 164 points, and closing at 19,389, up 90 points. The market was supported by technology stocks. The HS technology index rose 39 points to close at 3,934. Market turnover was HK$86.6 billion .  In one week, the HSI rose by 440 points, or 2.32%, for two consecutive weeks; the HS Tech index rose by 110 points, or 2.85%.  Hong Kong stocks have stabilized in recent days, with the HSI regaining its 20-DMA(19,199) and covering two falling gaps. The trend continued to rise on Friday, but it failed to break through the 19,500 barrier for 3 days in a row, and the transaction has not been matched. The market outlook cannot be too optimistic. Even though the HSI may break through the 250-DMA (19,601) which is the divi...

The Hong Kong stock market continued to hold on to the 19,000-point mark. The Hang Seng Index opened 24 points lower at 19,227. After a brief rise, the selling pressure intensified. The market's uptrend was not guaranteed. It once turned down 165 points and reached a low of 19,087 with support. It regained lost ground in the afternoon and once rose 87 points to a high of 19,339. The end of the market is back. In the end, the Hang Seng Index closed at 19,299, up 47 points. The HS Tech index fell 26 points to close at 3,894. Market turnover was HK$84.4 billion .  The Hang Seng Index started to climb up in June, and finally regained the 20-DMA (19,216) and the central axis of the Bollinger Band (19,225) in the past two days. The RSI continued to rise to 54 in 9 days yesterday, and the MACD maintained a bullish gap. The situation is biased and there is a chance to challenge 250 The bull-bear line (19,600) level. However, the shrinking turnover shows that funds are not willing to enter ...

The HSI opened 227 points higher and rose by as much as 311 points. It reached a high of 19,410, and it also climbed above the 20-DMA (19,240). However, the mainland announced that due to the decrease in demand, China's exports in May shrank more than expected, down 7.5% year-on-year, and the data was worse than expected; imports also fell by 4.5%, but better than expected. The news narrowed the market's gains. In the afternoon, HSI only rose 97 points, reaching a low of 19,196, with a high-low volatility of 214 points. The market closed ,  HSI up 152 points to 19,252.    The HS Tech index closed up 86 points to 3,921. The market's full-day turnover decreased by 15% to HK$86.7 billion .  The performance of Hong Kong stocks has been rising repeatedly since entering June. In addition, the S&P 500 index of the US stock market was hovering at the highest level since 9 months the day before yesterday. The HSI rose by more than 300 points yesterday. Since mid-April, th...

After the HSI opened 8 points higher, it rose by as much as 269 points in the early stage, driven by mainland property stocks. After reaching a high of 19,377, there was profit-taking. In addition, the mainland A-shares fell further, dragging the HSI from rising turned down, as low as 19033 points, down 75 points, and finally closed at 19,099 points, down 9 points. The technology index closed down 6 points at 3,834. The full-day turnover of the Main Board was HK$102.4 billion.  The U.S. exchange rate fell overnight, coupled with the favorable inflow of Chinese capital on Monday, the Hang Seng Index rose nearly 900 points in two days and successfully stabilized at 19,000 to close. The HSI tried to exceed 19,300 points in the early stage. However, due to the weakening of the RMB, the progress of the economic recovery in the Mainland was not as expected, and the A-share market was dragged down. Unless the HSI can stabilize at 19,300 in the short term, the market outlook will be more o...

After opening 65 points higher, the Hang Seng Index went up again and again, but once fell in the afternoon, reaching a low of 18,896, down 53 points. After that, the market stopped falling and rebounded, up 174 points at most, to 19,123. In the end, it even closed at the high of the whole day, closing at 19,108, up 158 points. The HS Tech index rose 16 points to close at 3,840. The main board's full-day turnover shrank to HK$99.9 billion.  With the resolution of the U.S. debt ceiling crisis, the weakening of the U.S. dollar index, and the recovery of the RMB ; and compared with the previous economic data such as the mainland manufacturing PMI and PPI, the Caixin China service industry PMI rose to 57.1 in May, better than market expectations. Diluting the market's pessimism about the mainland's economic recovery in the second quarter, there was capital inflow, so Hong Kong stocks continued to perform well on Monday. The HSI revisited the 19,000 mark, and as expected, fully ...

Following the House of Representatives, the U.S. Senate also passed a bill to extend the limit on creditor's rights for 2 years to January 1, 2025. The Hong Kong stock market opened 349 points higher and continued its upward trend, and once revisited the 19,000 mark in the afternoon. The Hang Seng Index rose by as much as 808 points, reaching a peak of 19,024, and rose 733 points or 4.02% throughout the day to close at 18,949. The Technology Index rose 193 points or 5.32% to close at 3,824. In addition, the composition of the Hang Seng Index changed horses that day, and the market turnover increased by 16% compared with the previous trading day, reaching HK$149.1 billion.  Last week, the Hang Seng Index gained 203 points or 1.08%, ending a three-week losing streak; the HS Tech index rose 133 points or 3.6%, ending an eight-week losing streak.  The U.S. stock market is doing well, the RMB  is strengthening, and the market expects that the central government will increase i...

Th HSI opened 44 points lower in the early session. The Mainland announced that the Caixin Manufacturing Purchasing Managers’ Index (PMI) in May beat expectations and returned to the level of expansion after two months, hitting a new high in 3 months , but the RMB turned from rising to falling in the afternoon, and the rising trend of A-shares slowed down, and the selling pressure was obvious. The market immediately turned around and closed down 17 points to 18,216, with a daily high and low fluctuation of 275 points. The technology index rose 4 points to 3,630. The turnover of the main board for the whole day was HK$128.5 billion , a decrease of about 25% from the previous day.  The U.S. House of Representatives voted to pass the debt ceiling bill. Mainland PMI beat expectations in May, but Hong Kong stocks rebounded weakly in June. Although Hong Kong stocks rebounded at the opening of the market yesterday morning, the market conditions are still weak. Under the influence of uncer...