Investment

The Hong Kong stock market broke through the 20,000-point mark on the last trading day in July, achieving a "seven turnaround". The Hang Seng Index opened 320 points higher. Driven by the boom in technology, Internet and consumer stocks, it rose by as much as 445 points to a 3-month high of 20,361 points. There was profit-taking, and finally recovered and stabilized at 20,000. The market closed at 20,078 points, up 162 points. Technology index closed at 4,549 points, up 83 points. The main board's full-day turnover increased to HK$182.5 billion, the highest in half a year.  To sum up the performance in July, the Hang Seng Index stabilized at 20,000 points for the first time in one and a half months and closed upstairs. It gained 1,162 points for the whole month, an increase of 6.1%, the largest single-month increase since January this year. The HS Tech index rose to a high in nearly half a year, gaining 638 points or 16.3% for the whole month, outperforming the market by ...

Hong Kong stocks fell first and then rose on the futures settlement day, approaching the 20,000-point mark. The HSI opened 220 points lower and then recovered quickly. Within half a day, the HSI rose to a high of 19,940 in the afternoon, and closed at 19,916, up 277 points, hitting a new high in more than a month. The HS technology index closed at 4,466 points, up 125 points. The full-day turnover of the Main Board was HK$137.7 billion.  The HSI gained 841 points, or 4.4%, throughout the week; the HS Tech index gained 362 points, or 8.82%, outperforming the market.  Last Friday (28th), the futures index of the HSI was settled, there was a move to switch positions, and Beishui bought goods, creating the fourth consecutive white candlestick, stabilizing at the 100-DMA(19,572), breaking through the top of the downward channel formed since February ( 19,680), the short-term is now strong, and it is expected to challenge the high of 20,155 on June 16, then the high of 20,321 on May...

As expected, the Federal Reserve raised interest rates by 0.25%. The Hang Seng Index of Hong Kong stocks opened 136 points higher and then rose by as much as 320 points. The technology index closed at 4,341, up 122 points. The turnover of the main board was 113.5 billion Hong Kong dollars throughout the day.  The results of the Federal Reserve’s interest rate meeting raised market expectations that the interest rate hike will peak. However, Hong Kong stocks were not too surprised. The signal from the Politburo meeting to support the economy was better than expected, stimulating capital inflows, and some large households took advantage of the situation to close their positions, driving up the market.  The Hang Seng Index has seen a white candle for 3 consecutive days, and finally closed above the resistance level of the past 3 months at the 100-DMA(19,579), it means staying on all average moving lines, and the resistance at 19,800-20,000 points may be tested in the short term. ...

After the Hang Seng Index rebounded by more than 700 points on Tuesday, Hong Kong stocks performed weakly on Wednesday. The HSI dipped throughout the day, opening 93 points lower at 19,340, and then continued to be weak. It once fell as low as 19,245 points and fell 188 points. The decline narrowed in the afternoon, and finally closed at 19,365, down 69 points, with a narrow range of 158 points. But it is still above the 250-DMA (19,325). The HS Technology Index fell 38 points to 4,218. Market turnover was once again less than 100 billion , only HK$ 87.5 billion , a sharp drop of 38% from the previous day. Hong Kong stocks retreated and adjusted on Wednesday, but the HSI fell only 69 points, a small retreat, and its performance was better than expected. The 250-DMA bull-bear line  was not  lost yesterday, and it is expected to struggle at this watershed in the short term. If the 10-DMA (19,580) can be revisited, it will be a signal of a turnaround. Tomorrow (28th) before the f...

The Politburo meeting of the Central Committee of the Communist Party of China was held the day before yesterday. It clearly stated that the active capital market, coupled with the strengthening of the renminbi, led the Hong Kong stock market to undertake the overnight upward trend. Yesterday, it saw a retaliatory rebound. The HSI opened 504 points higher and then went up repeatedly. It rose more and more, up 797 points, reaching a high of 19,465, and finally closing at a near-day high of 19,434, an increase of 766 points, the second largest increase this year. The HS technology index closed at 4,257, up 242 points. Turnover on the main board rose to HK$142.1 billion, the highest since the 16th of last month.  The HSI regained the 20-DMA (18,987), 10-DMA (19,037), 50-DMA (19,167) and 250-DMA bull-bear lines (19,331) yesterday, and broke through the 19,300 level at the top of the narrowing triangle formed since June. Note that since mid-April, the market has experienced one wave aft...

Stepping into the "Super Interest Rate Week", investors first sell goods to avoid risks. The HSI opened 207 points lower in the early session, at 18,867, and then fell more and more. In the afternoon, it jumped up to 513 points, reaching a low of 18,562, and finally closed at 18,668, a drop of 407 points. The   HS Technology Index fell 89 points to 4,015. The daily turnover of the main board was HK$ 93.5 billion .  The HSI pierced the 19,000 level, the 20-DMA (18,955) and the 10-DMA (18,940) with a black candle yesterday.  In the market outlook, there is a great opportunity to test the bottom of the Bollinger Channel at 18,417.  If the decline does not stop, the low of 18,279 in early July should not be lost, otherwise it will test the low of 18,044 on May 31. In the short term, it still depends on the Politburo meeting this week, whether there will be more specific and large-scale plans, as well as factors such as the Fed's interest rate meeting.  European...

Hong Kong stocks finally rebounded on Friday (21st) after falling for 3 consecutive days. The HSI opened slightly higher by 9 points to 18,918. In the early part, it lacked direction, and it was a little see-sawed to 18,886. After 10:00, good friends made a move, up 241 points at most, and reached a high of 19,169. In the afternoon, the market closed at 19,075, up 147 points, and surpassed the 19,000- mark. The HS technology index closed at 4,104, up 40 points. The main board's full-day turnover shrank to HK$76.6 billion. The HSI fell 338 points, or 1.7%, for the week; the FS Tech Index fell 124 points, or 2.93%. Since May, the HSI has been trapped at 18,044 to 20,155 points. Only when it breaks out of this range can it find a clear direction. The HSI has gradually risen from the low of 18,279 points on the 7th of this month. After holding firmly at the 10-DMA (18,910), it surpassed the 20-DMA (18,966), and even slightly broke the 19,000 mark, showing a signal of stabilization fo...

Hong Kong stocks first rose and then fell. After the HSI opened higher at 51 points, it rose by up to 263 points to 19,215. It just crossed the 50-DMA (19,211) and encountered resistance. It finally closed at 18,928 for the whole day, fell 24 points, and lost 19,000. The FS Tech index closed at 4,063, down 51 points. Market turnover was HK$104.8 billion , maintaining at HK$100 billion . Although the central government opened its mouth to support private enterprises and started to raise the RMB, the HSI seemed to be hit by heavy selling in Beishui, and the market closed with a black candle. Near the settlement of the index, it is expected that the HSI will still be dominated by a horizontal pattern in the short term, seesawing between the 10-DMA (18,856) and the 20-DMA (18,973), continuing the narrowing triangle pattern since June. There is resistance at 19,300 and support at 18,600.  The economic data released by the Hong Kong dollar earlier this week was weaker than expected. The ...

Hong Kong stocks first fell and then turned back. The HSI opened 189 points lower, and the decline once expanded to 304 points, reaching 18,711 points. However, the decline narrowed in the afternoon, falling only 11 points, reaching a high of 19,004 points. However, the resistance near the 19,000 mark is relatively large , HSI closed down 63 points to 18,952, down 461 points in two days. The HS Tech index closed at 4,114, down 14 points. Market turnover increased by 18% to HK$111.7 billion . The HSI created a falling gap between 18,826 and 18,979 at the opening of the market yesterday. Fortunately, it fully covered it today and closed with a white candlestick. In the short term, the pattern of ups and downs is still maintained, and the 18,000 point level is expected to have greater support. If the HSI can make a bottom near the 10-DMA and the 19,000 level, and continue the narrowing triangle pattern since June, it may have a chance to test the 19,400 level. As for the 20,000 level, the...

The mainland's GDP in the last quarter was worse than expected, and the market was worried about the slowdown in economic recovery. Hong Kong stocks retreated significantly after rising for 5 consecutive days. The HSI opened 89 points lower and then fell sharply. It fell by as much as 434 points and reached a low of 18,979, which was close to completely covering the gap left by last Thursday (13th). The HSI closed at 19,015, down 398 points, barely guarding the 19,000-point mark.  The HS technology index closed at 4,129, down 99 points. The daily turnover of the main board was HK$95 billion .  The United States may implement a new executive order to restrict investment in China, which will affect the sentiment of technology stocks. However, if the peripherals are doing well, it may cause capital outflow, which is not good for Hong Kong stocks. It is expected that the Hong Kong stock market will still be dominated by ups and downs in the market outlook. In the short term, the H...

The Hong Kong stock market was closed for the whole day yesterday due to the No. 8 typhoon signal.  The US inflation data eased, leading the HSI to open 184 points higher on Friday to 19,534, which was already a day high points. Afterwards, it dipped down to 19,364, but still rose 13 points, and continued to hover at the low level. It finally closed at 19,413, up 63 points, rising for 5 days in a row. The HS Tech  index closed down 8 points at 4,228. Market turnover was HK$91.2 billion .  For a week, the HSI rose by 1,048 points; the HS Tech  Index rose by 327 points.  Even though there is no lack of good news from the mainland and the outside world, Hong Kong stocks rose by only 63 points on Friday. Although the Hang Seng Index regained above the 250-DMA (19,372), which is the boundary between bulls and bears, Hong Kong stocks have not yet shaken off the weakness. According to the technical trend, the 50-DMA (19,278) fell below the 250-DMA, forming a "death cro...

The US inflation data eased, leading the HSI to open 184 points higher at 19,534, which was already a day high points, still rose 13 points, and continued to hover at a low level, and finally closed at 19,413, up 63 points, rising for 5 consecutive days. The HS Tech index index closed down 8 points at 4,228. Market turnover was HK $91.2 billion .  For a week, the HSI rose by 1,048 points; the HS Tech Index rose by 327 points.  Even though there is no lack of good news from the mainland and the outside world, Hong Kong stocks rose by only 63 points on Friday. Although the HSI regained above the 250-DMA (19,372), which is the boundary between bulls and bears, Hong Kong stocks have not yet shaken off the weakness. According to the technical trend, the 50-DMA (19,278) fell below the 250-DMA, forming a "death cross" negative technical indicator. In the short term, there may be pressure to take back the rising gap (18,932 to 19,163) last Thursday with strong support. The initial up...

US interest rate hike is expected, the US dollar fell, and the RMB rebounded sharply, driving Hong Kong stocks to perform well in recent days. The Hang Seng Index opened 320 points higher after rising as much as 508 points earlier. It peaked at 19,368 points and closed at 19,350 points, up 489 points. It has risen 984 points for 4 consecutive days. The technology index closed at 4,237 points. The daily turnover of the main board exceeded 100 billion, reaching 111.3 billion Hong Kong dollars.  The Hang Seng Index rose sharply yesterday, making up for the decline of last Thursday (6 days) (18,973 to 19,095), forming a favorable "island" bottom" pattern, and recovering the 50-DMA (19,285) with increased turnover, which was blocked the 250-DMA (19,379) at the bull-bear boundary. If the optimistic atmosphere continues, the bull-bear line is expected to recover in the short term and challenge the 100-DMA(19,690) again. There is resistance at 20,000 points in the Hang Seng Inde...

After the HSI opened 137 points higher, driven by technology and Internet stocks, it rose by as much as 272 points and reached a high of 18,932. The HSI finally closed at 18,860 for the whole day, up 201 points, and gained 495 points in three days. The HSI rose 78 points to close at 4,081. The turnover was only HK$83.8 billion .  The HSI showed a white candle yesterday, ending the 5 consecutive negative trend, and it was above the 10-DMA(18,858), which is positive. The strength of Hong Kong stocks yesterday was mainly due to the weakening of the US dollar index and the recovery of the RMB.  Hong Kong stocks still need to pay attention to the trend of the U.S. dollar in the future market. If the U.S. dollar index continues to decline in the market outlook, the RMB continues to appreciate, or even the central government introduces stimulus measures, Hong Kong stocks are expected to further challenge last Thursday (6th) The gap between 18,973 and 19,095 points , and the extended ...

The Hang Seng Index opened 191 points higher at 18,671, and then fell as low as 18,573, only up 94 points. Afterwards, it regained its courage and reached a high of 18,806 in the afternoon, up 327 points, and finally closed at 18,659, up 180 points, rising for 2 days in a row. The HS Tech index regained the level of 4,000 points and closed up 57 points at 4,003. However, the market turnover failed to match, only HK$83.9 billion , less than 100 billion  for 15 consecutive days.  The HSI yesterday was boosted by factors such as U.S. debt interest rates, a fall in the U.S. dollar, a strengthening of the RMB ,  and the implementation of Ant’s fine, which means that regulatory risks in the mainland have been reduced, and Internet stocks are expected to rebound. However, the uptrend stopped before the 10-DMA(18,889), creating black candlesticks for 5 consecutive days, reflecting heavy selling pressure at high levels. However, if the p market can push back the falling gap of 18,...

The fine of Ant Group, a subsidiary of Alibaba (9988), was settled. Investors hoped that the regulatory pressure on mainland technology companies would be relieved. The Hang Seng Index rose by as much as 416 points after opening 382 points on Monday, reaching a peak of 18,781 points. However, the economic data released by the mainland fell short of expectations. , the rise of the Hang Seng Index gradually narrowed, closing at 18,479 throughout the day, up 114 points, ending the decline for three consecutive trading days.  The HS technology index rose 43 points, closing at 3,945.     The market turnover fell 23.1% from the previous trading day to HK$78.2 billion  , less than 100 billion for 14 consecutive trading days.  Although Hong Kong stocks rebounded as expected, the turnover is still weak, and there is still downward pressure in the short term. The trend is temporarily dominated by weak friends, the short-term and mid-term have weakened, and the short-...

The Hang Seng Index opened 97 points lower and reported at 18,435. Afterwards, the decline in the market continued to expand. It once fell as low as 18,279 and plummeted 254 points, hitting a one-month low. The HSI once rose 4 points and reached a high of 18,537. It continued to pull back, and finally closed at 18,365 throughout the day, down 167 points. The HS Tech index closed at 3,901, down 47 points. The turnover of the market was HK$ 99.4 billion .  The HSI fell 551 points in a week; the HS Tech index fell 10 points.  The HSI fell with a big black candle last week, with a high of 19,449 and a low of 18279. In the short term, it is expected to test the low of 18,044 at the end of May again. The technical indicators of the trend are weak, and the 50-DMA (19,366) fell below the 250-DMA (19,424), showing a death cross signal. FSI rises from the low of 14,597 in October last year to the high of 22,700 in January this year, if it is adjusted by fibo 0.618 times, it can be seen ...

Hong Kong stocks followed closely behind the peripheral markets. The HSI opened 269 points lower and then continued to find its bottom. In the early part, it fell through the 19,000- mark. The decline was narrowed to 137 points, the month low; closed at 18,533, down 577 points. The HS technology index fell below the 4,000 mark and closed at 3,948, down 67 points. The full-day turnover of the main board was HK$97.2 billion.  The HSI  fell sharply yesterday, breaking through the 10-DMA(19,022), the 19,000-point mark, and the Bollinger Band (18,599). Well established support is towards the May 31 low at 18,044. There is a rebound, looking up at 19,500 is a big resistance. The decline in Hong Kong stocks on Thursday was mainly due to the fall in the offshore renminbi, while the onshore renminbi against the US dollar once fell as low as 7.26. U.S. Treasury Secretary Yellen set off to visit China. The market believes that the outcome of Sino-U.S. negotiations is an opportunity to no...

The Sino-US technology war escalated, and the RMB was weak. Hong Kong stocks rose nearly 500 points for two consecutive days in July and then retreated. The HSI opened 60 points lower, and the decline was reduced to 36 points, reaching a high of 19,378. However, after the mainland announced that the PMI of the service industry was worse than expected, the market’s selling pressure increased, and it once jumped 320 points, reaching a daily low of 19,095. The HSI finally closed near the day's low, down 305 points to 19,110. The HS Tech index closed at 4,016, down 57 points. The full-day turnover increased to HK$86.8 billion .  The Hong Kong stock market retreated yesterday after two consecutive gains. It regained the 20-DMA (19,328) and then fell back a day later. It shows that the resistance of the 250-DMA(19,451), which is the boundary between bulls and bears, is strong. Fortunately, the 10-DMA(19,090) has taken over. It is expected that the short-term fluctuation range of the mark...

Hong Kong stocks opened lower and moved higher on Tuesday. The HSI opened 17 points lower and reported at 19,289, then fell repeatedly. In the early part, it fell more than 50 points to the lowest point of the day at 19,253. The offshore RMB rebounded to 7.22. In addition, driven by Internet stocks, biotechnology stocks and ATMXJ, it once rose by 142 points, reaching a high of 19,449. After softening in the afternoon, the late market regained strength and closed at a near-day high of 19,415, up 109 points, rising for two days in a row. The market volatility throughout the day was 196 points. The HS technology index closed at 4,074, up 20 points. The daily turnover of the main board was HK$76 billion.  Yesterday, the HSI rose above the 20-DMA (19,327) with a small white candlestick. If the RMB maintains its upward trend, the market is expected to challenge the 250-DMA (19,463), which is the boundary between bulls and bears. If it can overcome and stabilize for a few days, it will at...

The Hong Kong stock market ushered in a big rebound in the second half of the year. The HSI opened 86 points higher and recovered the 19,000-mark. After that, it continued to climb. In the late market, it soared up to 455 points, reaching a high of 19,371 points, and closing at 19,306 points, an increase of 390 points. The HS Technology Index regained the 4,000-point barrier and closed att 4,054 points, up 143 points. The full-day turnover of the main board was HK$88.7 billion , an increase of 10.6% from the previous day, and it was the most after June 27.  The HSI broke through last week’s horizontal zone (18,800 to 19,200) with a large white candle yesterday, and re-exceeded the 10-DMA(19,190). Unfortunately, the 20-DMA(19,312) was lost again. But it is expected to break through the 20-DMA today, or even the not-too-distant 50-DMA(19,458) and the 250-DMA(19,475), which is the boundary between bulls and bears. It is expected that the HSI will have a chance to test the 20,000 mark ...

The Hong Kong stock market lacked direction at the half-year end. The HSI fell nearly 100 points in the early part and then rose 135 points. It peaked at 19,070 and then turned back. It continued to struggle in the afternoon and closed at 18,916.  The HS technology index closed at 3,911, down 22 points. The daily turnover of the main board was HK$ 81.1 billion ,  which continued to be less than 100 billion.  It is expected that there will be a short-term rebound in the market, but the falling gap (19,377 to 19,504) on June 21 will have resistance. After the rebound is complete, the low of 18,044 at the end of May is still under test.  Over the course of the week, the HSI rose by 27 points and the HS Tech index rose by 32 points.  In June , the Hong Kong stock market did not appear "6 uniques". The HSI rose by 682 points or 3.7%; the HS Tech index rose by 284 points or 7.8%.  To sum up the first half of the year, the trend of the HSI is like a "mountain and ...