Investment 28/9/2023

Hong Kong stocks rebounded slightly on the eve of futures settlement. The HSI opened 5 points higher and rose as much as 188 points to a high of 17,655 points. It closed at 17,611 points, up 144 points .  The HS technology index closed at 3,833 points, up 16 points. The main board's full-day turnover was HK$75.9 billion. 


Currently, the five elements are short of water. It is better to defend than to attack for the time being. It is now the end of the third quarter, with seasonal tightness in liquidity, high interbank interest rates, and green bond subscriptions draining market funds. Naturally, it is difficult for the stock market to rise due to "water shortage". HSI rebounded by more than 400 points last Friday (22nd), but the transaction volume failed to match, and only more than 100 billion Hong Kong dollars were lost, which was only a "dry rise" state. If the 


HSI falls below the 17,500-point level, it may test the 16,800-point level next. European stock markets continued to weaken, with British stocks closing down 0.43%, French stocks and German stocks falling 0.03% and 0.25% respectively. 


Troubled by many uncertainties such as the U.S. government shutdown and the auto union strike, U.S. stocks rebounded weakly on Wednesday. The Dow opened 63 points higher and rose 112 points to a high of 33,731. It then turned lower and fell as much as 312 points to a low of 33,306. At the close, it retreated 68 points to 33,550. After rising 0.43% from its low in early June, the S&P 500 index fell repeatedly by 0.82%, closing slightly up less than 1 point at 4,274. The Nasdaq Composite Index, which is dominated by technology stocks, also turned downward, falling as much as 0.77%. It rebounded 29 points to close at 13,092. 

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Investment 24/4/2026

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