Investment 13/9/2023

Hong Kong stocks fell first and then recovered, barely holding on to the 18,000-point mark. The HSI fell 204 points in the early stage and found support as low as 17,892 points. It once rose 49 points; it closed at 18,025 points, down 70 points. The HS technology index closed at 4,063 points, down 19 points. The main board's total daily turnover was HK$84.1 billion. 


Due to the lack of good news and the decline in market turnover to less than HK$ 100 billion, Hong Kong stocks fluctuated within a narrow range. The market is paying attention to the trend of the RMB exchange rate and whether the People's Bank of China will take further steps to stabilize the RMB. There are rumors that the People's Bank of China will tighten restrictions on foreign exchange purchases of US$50 million or more by enterprises and centralize the approval authority for this part of foreign exchange purchases to the central bank in order to slow down the decline of the RMB. If the RMB falls below 7.34 again in the short term, there is a risk that the Hong Kong stock market will be under pressure in the future. In fact, the mainland's economic growth is slowing down. Even if rescue measures are launched, the scale is limited and fails to bring surprises to the market. It is believed that the Hong Kong stock market will rebound to around 18,000 points with technical support, but the rebound will be weak, and the resistance at 19,049 points will be very strong. The HSI lowest point of around 17,573 points on August 22 this year is expected to be supported. 


European stock markets developed individually, with British stocks rising 0.41%, French and German stocks falling 0.35% and 0.54% respectively. 


Software company Oracle's revenue outlook for this quarter is worse than expected, and its stock price plunged by more than 10%. After Apple announced the new iPhone 15 series of mobile phones, its stock price once extended its decline to 2.5%, and U.S. inflation data is about to be released, investors have turned cautious, and U.S. stocks There was a dispute between good and bad on Tuesday. 


After the Dow opened 43 points lower, the decline once expanded to 103 points, with the market low at 34,560; then it rose by 188 points, reaching a high of 34,852. The S&P 500 index fell as much as 0.68%. The Nasdaq lost 1.11%. 


The U.S. stock market closed: the Dow fell 17 points to 34,645; the S&P 500 fell 25 points to 4,461; the Nasdaq fell 144 points to 13,773. 


Goldman Sachs strategist Costin gave the S&P 500 a target of 4,500 points by the end of this year, which means there is limited room for further gains from current levels. However, the index is expected to rise to 4,700 points in the next 12 months, which is a 6% increase. 

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