Investment 8/6/2023

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, the HSI failed to stabilize after breaking through the central axis of the Bollinger Band several times, and yesterday's performance also repeated itself. The slowdown in global economic growth and demand has made China's post-epidemic recovery slower than expected. Some analysts pointed out that the authorities need to adopt more decisive monetary policy stimulus measures to boost domestic demand and restart the engine of steady growth. The market expects that the mainland will introduce easing Policies, RRR cuts, interest rate cuts or stimulus measures for the property market. 

The Hong Kong stock market has fallen to a low around 18,000 earlier, so there has been a technical rebound recently. The market outlook depends on whether the HSI can hold steady at 19,400 before making further deployments. The short-term upward resistance of the market is 19,500 to 19,600 points, and the support level is 18,500 points. 

European stock markets were weak, with British, French and German stock markets closing down 0.05%, 0.09% and 0.2% respectively. 

Investors took a cautious attitude ahead of the Federal Reserve’s interest rate meeting next week. U.S. stocks developed individually on Wednesday. It fell 0.46%, while the Nasdaq fell 1.41%. 

The US stock market closed: the Dow rose only 91 points to 33,665; the S&P fell 16 points to 4,267; the Nasdaq fell 171 points to 13,104. 

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