Investment 14/6/2023

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 considering a number of stimulus measures, including interest rate cuts, as well as stimulus measures for domestic real estate and domestic demand. The news further strengthened market expectations for the Mainland to stimulate the economy. The HSI may break through the 250-DMA (19,582), which is the boundary between the bulls and the bears, in the short term, but there are many resistances to the 50-DMA (19,741) to 20,000 points. If there is another adjustment, the rising 20-DMA (19,166) can provide strong support. 

The U.S. is about to announce the Consumer Price Index (CPI), and the Federal Reserve will also discuss interest rates this week. The market believes that U.S. inflation will further ease, and the CPI data will be beneficial to the stock market. Regarding the results of interest rate discussions, the market's expectations for interest rate hikes have become more moderate, which will help the performance of new economy stocks. In the future, the Hang Seng Index may also be driven by new economy stocks. However, at this stage, the upward momentum of Hong Kong stocks is still lacking, and it is still difficult for the Hang Seng Index to make a major breakthrough in the short term. 

European stock markets continued to perform well, with British, French and German stock markets closing up 0.32%, 0.56% and 0.83% respectively. 

When the Federal Reserve started its two-day meeting on interest rates, the United States announced that the year-on-year increase in the consumer price index (CPI) in May fell from 4.9% in April to 4%, the slowest increase since March 2021, slightly lower than Expected to rise 4.1%. Inflation has cooled further, which provides a reason for the authorities to suspend interest rate hikes this week. U.S. stocks performed well on Tuesday. The Dow opened 44 points higher and then rose immediately. At one point, it rose 243 points, reaching a high of 34,310. The S&P once rose 0.84%, and the Nasdaq rose as much as 0.98%. 

The U.S. stock market closed. The Dow rose 145 points to 34,212; the S&P 500 rose 30 points to 4,369; the Nasdaq rose 111 points to 13,573. 

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