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Hong Kong stocks rose first and then fell on the futures settlement day. The HSI opened 175 points higher and rose as much as 258 points. It peaked at 18,742 points and then fell back. It fell 56 points in the last session; it closed at 18,482 points, down 1 point. The HS technology index closed at 4,195 points, down 39 points. The main board's full-day turnover was HK$108 billion.  The HSI rebounded from oversoldness last week. Many funds were used to hedge against the rising market. A-shares were weak and the offshore RMB was under pressure. Yesterday, the HSI was high and then low. The 20-DMA (18,586) gained and then lost. As expected, it is subject to the resistance of the falling gap of 18,792 points to 19,049 points on August 14. The short-term support will first look at the upward track of 18,300 points, and then the lower 10-DMA (18,080). The introduction of economic stimulus policies is expected to challenge the 20-DMA again.  European stock markets lacked a clear dir...

The ministers of commerce of China and the United States expressed goodwill to each other and agreed to set up a working group to solve trade and investment issues. In addition, the mainland official media said that RRR cuts may be put on the agenda at a faster pace. Yesterday, Hong Kong stocks followed Monday’s rally. The HSI opened 130 points higher to 18,261 points. Afterwards, it rose by as much as 453 points, reaching a high of 18,583 points, and once saw a low of 18,239 points after a tug-of-war, but the increase further expanded in the afternoon. HSI closed up 353 points to 18,484 points. The HS technology index closed at 4,234 points, up 106 points. The turnover of the market was HK$101.3 billion , an increase of 0.36% from the previous day, and it was the most after the turnover of HK$101.5 billion  on August 24.  The HSI has held above the 10-DMA (18,065) for two consecutive days, and regained the technical support level of 18,300 points. The big black candlestick ha...

The stamp duty on mainland securities has been halved, and the financing conditions for domestic real estate have been relaxed to rescue the market. On Monday, the A-share market opened, the Shanghai Stock Exchange Index opened up 5.06%, the Shenzhen Component Index opened up 5.77%, and the ChiNext Index rose by nearly 7%. However, the A-share market fell after surging, and the gains of the three major indexes narrowed to less than 3%.  The Hong Kong stock market followed the A-share market to open higher and move lower, and HSI closed firmly at the 18,000 mark. The HSI rose 174 points to 18,130 after soaring 608 points in the early session. The HS technology index closed at 4,127 points, up 68 points. The daily turnover of the main board was HK$101 billion.  The HSI just crossed the 10-DMA (18,075) yesterday, but was still restricted by 18,300 points. The resistance is 20-DMA (18,812), even challenging the 50-DMA (19,024) level, and the trend is expected to change. Otherwise,...

Last Friday, the HSI opened 174 points lower and then repeatedly found a bottom, and closed at the day's low of 17,956 points, down 255 points. The HS technology index closed at 4,058 points, down 99 points. The full-day turnover of the main board was HK$81.3 billion.  The HSI fluctuated last week, rising 5 points throughout the week; the HS Tech Index rose 51 points throughout the week.  After rising for 3 consecutive days, the Hong Kong stock market fell back again as expected and fell below the HSI 18,000 mark again. US Federal Reserve Chairman Jerome Powell hinted that interest rate hikes may be suspended in September. Last Friday, the US stock market was driven up. In addition, the mainland just announced that the stamp duty on securities will be halved and it will help real estate companies to raise funds. It is expected that Hong Kong stocks will rebound steadily today. If it can surpass the 10-DMA(18,139) and 18,300 points, the market outlook may challenge the 20-DMA (...

The HSI opened 146 points higher and then extended its gains to 427 points. It hit a high of 18,272 points and closed at 18,212 points, up 366 points. The HS technology index closed at 4,158 points, up 149 points. The full-day turnover of the Main Board was HK$101.5 billion.  The HSI has risen for 3 consecutive days and has 3 consecutive white candlesticks. It finally recovered the 18,000 point integer psychological barrier yesterday, but it is limited by the resistance of the 10-DMA (18,252). points, followed by 18,792 to 19,049 points on August 14. Therefore, even if there is a short-term rebound, 18,440 points will meet resistance, and the trend will only change if it breaks through 19,049 points. If there is no major positive news, the market is likely to fall but not to rise, and we will see whether the low of 17,573 points on Tuesday can hold steady. After rebounding, it fell back again. The support level was the rising gap of 17,364 to 17,536 points on November 29 last year....

Hong Kong stocks ended their seven-game losing streak on Tuesday, but struggled on Wednesday. The HSI opened 28 points lower and then turned up again. After hitting the 18,000-point mark, it immediately fell back and closed at 17,845 points, up 54 points, a two-day rebound. The HS technology index closed at 4,008 points, up 7 points. The turnover of the main board was HK$84.2 billion.  The downward trend of Hong Kong stocks has temporarily eased, and there may still be a rebound in the next one or two days. It is expected that the recent decline in the HSI will be resistance. The next one is 18,440 to 18,513 points on August 16, and then 18,792 to 19,049 points on August 14. Therefore, even if there is a short-term rebound, 18,440 points will meet resistance, and the trend will only change if it breaks through 19,049 points. If there is no major positive news, the market is likely to fall but not to rise, and we will see whether the low of 17,573 points on Tuesday can hold steady. ...

Hong Kong stocks finally rebounded after falling for 7 consecutive days. The HSI opened 18 points higher and then struggled. It fluctuated by more than 200 points. In the afternoon, it suddenly rose by 342 points, reaching a peak of 17,965 points. It closed at 17,791 points, up 167 points. The HS technology index closed at 4,000 points, up 77 points. The full-day turnover of the Main Board was HK$102.2 billion.  The oversold HSI and the appreciation of the onshore RMB are the main reasons for the rebound of the market, but the final increase slowed down, showing that market confidence is still timid. The three recent falling gaps are all resistances. The first one is from 17,867 to 17,936 points the day before yesterday, and it fell back after covering up yesterday; the second is from 18,440 to 18,513 points on August 16th, and the third is 18,792 to 19,049 points on August 14th. Even if there is another rebound in the short term, 18,300 points is already a resistance. Only when th...

The People's Bank of China officially cut interest rates on Monday (21st), and the one-year loan market quotation rate (LPR) was 3.45%, which was weaker than the expected 3.4%. The HSI of Hong Kong stocks opened 152 points lower and then bottomed out repeatedly. It fell by 363 points at most, reaching a nearly 9-month low of 17,587 points on November 29 last year; it closed at 17,623 points, down 327 points. The daily high and low volatility was 280 points. It dropped 1,625 points, compared to the last 7 consecutive declines from October 26 to November 3, 2021. The HS technology index fell below the 4,000-point mark and closed at 3,923 points, down 84 points. The full-day turnover of the Main Board was HK$108.5 billion.  The trend of the HSI has fluctuated from wave to wave. In the past 3 weeks, it has dropped by more than 2,700 points from its high level. Even in August, it has reached more than 2,400 points. The market is seriously oversold, and there should be a technical reboun...

Negative news about China's macro economy is endless. Even if the authorities continue to take measures to maintain stability, the HSI paid for the bill last week and fell by more than 1,000 points, and the 18,000 point level was even breached. The HSI may open 145 points lower today, reaching as low as 17,806 points.  Last Friday, Hong Kong stocks were mainly worried that US interest rates had not peaked. Coupled with the emergence of bad news from the real estate and medical industries, and the intensified decline in the RMB, the HSI opened 117 points lower and reported at 18,208 points. At 9 o'clock, it reached a high of 18,336 points. However, the selling pressure reappeared later, and fell below the 18,000-point mark, reaching as low as 17,936 points, down 390 points, and finally closed at 17,950 points, down 375 points. The wave fell, with a cumulative loss of 1,297 points, and a daily high and low volatility of 399 points, hitting a low of more than 8 months, and it was ...

Concerned about the spread of the domestic housing crisis to the financial sector, coupled with the weakening of the RMB, the Hong Kong stock market HSI opened 306 points lower on Thursday, and fell as much as 428 points in the early session, reaching an over 8-month low of 17,900 points. , once regained the lost ground; closed at 18,308 points at noon, down 21 points, and finally closed at 18,326 points, down 2 points, with a daily fluctuation of nearly 500 points. The HS Tech index closed at 4,158 points, up 32 points. Market turnover was HK$112.9 billion . Although the HSI may test the level of 17,500 points today, It fell from a high of 20,361 points at the end of July to a low of 17,900 points yesterday morning, a total of 2,461 points in less than 3 weeks. The big white candlestick at 500 points means that the market will cover the gap in the decline, suggesting a short-term bottom, and it may test the resistance from 18,800 to 10-DMA (18,984). Last night, the US Federal Reserve ...

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The HSI opened 224 points lower on Wednesday. Driven by the A-shares, it narrowed to a day-high of 18,440 points, still down 141 points. Afterwards, the market softened and fluctuated, falling as much as 320 points to a low of 18,261 points. The HSI finally closed at 18,329 points, down 251 points, and fell 927 points in the 4th day, hitting a new low since June 1. The HS Tech closed at 4,126 points, down 53 points. The market's full-day turnover narrowed to HK$97.9 billion .  The selling pressure on Hong Kong stocks continued. In the face of strong US sales data, the market expressed concern that the Federal Reserve may maintain high interest rates for a longer period of time. The exchange rate of RMB against the US dollar also broke the 7.3 mark for the first time this year. Worries dragged down the three major Hong Kong stock indexes to weaken on Wednesday.  Looking at the technical trend, the MACD of the HSI issued a sell signal last week. In addition, the 10-DMA (19,093) ...

Due to the recent explosions of Country Garden, Zhongrong Trust, and Zhongzhi, the mainland unexpectedly cut interest rates to save the market. However, in July, the "three pillars" of the mainland economy, namely consumption, investment and exports, were all worse than expected, and the PBOC's interest rate cuts did not help. The offshore RMB continued to depreciate under pressure, falling to 7.30.  Hong Kong stock market HSI opened 174 points lower yesterday and turned weak again and again. It fell as much as 259 points to 18,513 points, and closed down 192 points to 18,581 points. The HS technology index closed at 4,179 points, down 29 points. The full-day turnover of the main board was HK$81.9 billion. The HSI fell to the 18,500 level yesterday, and there is still support, but the 10-DMA (19,212) fell below the 50-DMA (19,233), forming a "death cross". It will be difficult, and it needs to be driven by major positive factors. Let's see, let's see if ...

The HSI opened 377 points lower and then fell by as much as 520 points, reaching a low of 18,554 points. The decline gradually narrowed in the afternoon and closed at 19,773 points, down 301 points. The HS tech index closed at 4,208 points, down 64 points. The full-day turnover of the Main Board was HK$104.1 billion.  The HSI once fell to 18,554 points yesterday, piercing through the low point of 18,562 points on July 24. It is expected to test the support of 18,000 to 18,500 points. If it fails, the decline will intensify. If the market has stabilized and starts to rebound, it depends on whether it can fully cover yesterday's falling gap of 18,792 points to 19,049 points. The upper resistance level is 19,300 points.  The domestic housing debt crisis spread further. Country Garden's 11 domestic bonds have been suspended since the opening of the market yesterday. Coupled with the weakening of the renminbi, there is pressure on the mainland's economic recovery, and investors...

The HSI opened 71 points higher at 19,319 points and then turned weak repeatedly. The decline once extended to 198 points and reached a low of 19,049 points. It closed down 173 points to 19,075 points throughout the day. The HS tech index fell 104 points to 4,273 points, and the turnover of the main board was HK$ 96.5 billion .  Last week, the HSI continued to attack and defend the 19,100 area for several consecutive days, and fell below the 20-DMA (19,363) and the 50-DMA (19,229) last Friday. In fact, if it falls below the central axis of the Bollinger Channel, i.e., the 100-DMA (19,522), the market outlook will tend to test the bottom of the channel (18,355).  The market expects that the U.S. will suspend interest rate hikes in September, U.S. President Joe Biden issued a ban on restricting U.S. investment in Chinese high-tech companies, the implementation details of which are milder than expected, and Hong Kong’s large-scale technology stocks are entering the performance pe...

The HSI had fallen by more than 200 points in the early stage, but there was support when it approached 19,000. In the afternoon, it gradually recovered the lost ground and closed at 19,248, up 2 points. Technology index closed at 4,378, up 4 points. The main board traded at HK$81 billion throughout the day.  The HSI has fallen by more than 1,000 points in the past week. Yesterday (10th) morning, it hit a new low for this month, but it fell first and then stabilized. It closed with a slight increase of less than 1%. . The market outlook depends on whether the rising gap (18,946 to 19,111) on July 25 can be stabilized. If it is fully covered, if it falls below the psychological barrier of 19,000 points, it will retreat to the low point of 18,562 points on July 24. Today it may be able to cross the 250-day bull-bear line (19,291). It is expected that the market will remain in the range of 19,000 to 19,500 points in the short term before the central government officially announces the...

Hong Kong stocks lacked direction. The HSI opened 124 points lower and fell more than 128 points at most. It once fell as low as 19,056 points. After the release of China's CPI data, the HSI gradually narrowed its decline and rose by as much as 86 points, reaching a peak of 19,270. After falling in the afternoon, the HSI closed at 19,246 points, up 61 points, ending its two-day losing streak. The HSs Tech index closed at 4,373, down less than 1 point. Market turnover was HK$ 85 billion , down nearly 19% on a daily basis. The HSI fell to a minimum of 19,056 yesterday. The rebound in the late market was mainly due to a technical rebound. Since the HSI fell back to 19,000 points at 20,800 points, it has fallen by more than 1,000 points. The market stabilized at the 19,000 level and regained its 50-DMA (19,199), temporarily holding on to the wave-on-wave trend that started in early July. In the short term, the Hong Kong stock market is expected to bottom out repeatedly at 19,100. If it...

The RMB weakened and fell to the 7.2 level again. In addition, China's import and export data were both worse than expected, and Hong Kong stocks were sold on Tuesday. The HSI opened 229 points lower and then repeatedly found a bottom. It fell by as much as 425 points, reaching a low of 19,112, and closing at 19,184, down 353 points, close to the 50-DMA (19,185). The technology index closed at 4,374, down 125 points. Market turnover increased to HK$104.6 billion .  Hong Kong stocks came under repeated pressure yesterday (8th). The HSI showed a significant decline and fell below the 250-DMA(19,297), which is the boundary between bulls and bears ,  and below the 50-DMA (19,185), fell 1,219 points within 6 days, and the trend became worse. If the HSI can cross the bull-bear line again in the next two trading days, the market outlook can still test 19,600 to 19,800, otherwise it will test 19,200, and support . The strength is not strong, and it may have to fall back to 18,800 to 1...

The Hong Kong stock market was struggling. The HSI fell nearly 200 points in the early session. After reaching a low of 19,352, it bounced back to the 19,500 level and closed at 19,537, down 1 point. Hs Techn index closed at 4,499, up 2 points. The main board's full-day turnover shrank to HK$ 78.9 billion , breaking the line after breaking 100 billion for 7 consecutive days.  The HSI successfully regained the 50-DMA (19,176) and 250-DMA (19,299) last week, and further rose above the 100-DMA (19,532). Since January this year, it has been a trend of one wave lower than one wave every time the high point is recovered. The HSI peaked at 20,361 last week, not only surpassing the June high of 20,156, but also surpassing the May high of 20,322. Therefore, for last week's drop, it can be regarded as a normal consolidation after the previous week's sharp rise. However, be careful not to fall below the 250-DMA and damage the consolidation pattern, and then test the strong support at ...

The mainland announced a "combined punch" policy to support the economy. Hong Kong stocks soared 436 points in the early session. The HSI peaked at 19,857 and then retreated. It closed at 19,539, up 118 points, ending the three-day decline. The technology index closed at 4,497, up 90 points. The full-day turnover of the Main Board was HK$114.4 billion.  In the first week of August, the Hong Kong stock market first rose and then fell. The HSI fell 377 points for the whole week, or 1.89%, while the technology index rose 30 points, or 0.67%.  The HSI stabilized last Friday but rebounded weakly. It only regained the 100-DMA (19,536), but the 10-DMA (19,559) was lost again. It is expected that the adjustment is not over yet. In the short term, it is expected to struggle at the 19,500 level. The support below will look at the bulls and bears  boundary of the 250-DMA (19,301), as long as the level of 19,100 points is firmly maintained, it will regain 20,000 points in the short t...

The Hong Kong stock market lacked direction, and the whole day was like a roller coaster ride. The HSI opened 113 points lower and then struggled. It rose 132 points in the afternoon and hit a high of 19,650 points. It closed at 19,420 points, down 96 points, marking the 3rd consecutive day of losses in August. The technology index closed at 4,406 points, up 17 points. The daily turnover of the main board was HK$101.1 billion . The weakening of the RMB , the profit-taking of investors, and the downgrade of the US credit rating led to adjustments in Hong Kong stocks in recent days. However, although the HSI continued to retreat, it ended its 3 consecutive black candlestick  and the turnover shrank , It can be seen from the trading volume of the market that funds have not completely left the market. It is expected that the short-term support level of the HSI will be 19,000 points, and there may be a rebound. The first hurdle is to see if the 100-DMA (19,541) can be regained. There wi...

Fitch’s downgrade of the U.S. credit rating dragged down the market sentiment. Hong Kong stocks opened 109 points lower, followed by external declines. The HSI fell by as much as 535 points, reaching a low of 19,475 points; it closed at 19,517 points, down 493 points, falling below the 20,000 mark and falling below 100 DMA. The HS Tech index closed at 4,388 points, down 149 points. The daily turnover of the main board was HK$ 113.3 billion .  After last week’s strength, the HSI has seen black candlesticks for 3 consecutive days this week and penetrated the 100-DMA(19,552).  The trend has weakened significantly, and it is not ruled out that it will continue to adjust. Today, it may fall below the 250-DMA (19,308), which is the boundary between bulls and bears. It depends on whether the 20-DMA (19,169) will have support.  Although the mainland has introduced policies to rescue the market and has written in many ways, it is still not specific enough, leading to a correction ...

The HSI had risen by 252 points in the early stage, then turned around and fell back to 20,331 points. In the afternoon, it fell by 189 points and reached a low of 19,891 points. It closed at 20,011 points, down 67 points. The HS technology index closed at 4,538 points, down 11 points. The full-day turnover of the main board was 135.1 billion Hong Kong dollars.  The HSI first rose and then fell, showing a black candle. It was restricted by the 20,300 level for the second consecutive day, and fully covered the rising gap of 19,940 to 20,019 points on Monday, showing that the upward momentum has weakened. However, the short-term adjustment is not complete, and it is expected to repeatedly test the original resistance level of 100 DMA (19,563). If there is a commitment, and in conjunction with the implementation of stimulus economic policies, there is a chance to reach the 20,800-point level. In the mid-line trend, the HSI fell to 18,044 points at the end of May and bottomed out. It r...