Investment 29/9/2023

Hong Kong stocks were repeatedly soft on the futures settlement day. The  HSI opened 24 points lower at 17,587 points. It once rose to 17,627 points, and then encountered selling pressure again. It fell as much as 259 points to a low of 17,352 points. It fell 238 points throughout the day to 17,373 points, setting a new low this year; HS Technology Index It fell 55 points to 3,778 points. Main board transaction volume was HK$80.1 billion.


 The external market is in turmoil, with the U.S. 10-year bond interest rate rising to 4.6%. The market is raising expectations for interest rate hikes, which has an impact on global stock markets. Coupled with the strong holiday atmosphere, investors are less willing to enter the market. Due to serious oversold conditions, the market cannot be ruled out. There will be a technical rebound, but the 10-DMA (17,789) and the 20-DMA (18,044) must first be recovered to have the opportunity to move higher. However, with the market still experiencing repeated downturns and sparse trading volume, the situation is expected to remain unfavorable in early October. There is a high chance that the market will fully make up for the rising gap of 17,364 to 17,536 points on November 29 last year. It is likely to continue to find the bottom, with the support level at 16,600 to 16,800 points. Since it has already fallen below the double-top neckline in the early stage, the measured downward target is 16,198 points. 


Traditionally, market conditions in October are worrying, but there may not necessarily be a stock market crash. In the past 10 years, the market has only fallen in October in three years, while it has risen in other years. However, considering that the current problems are far more serious than before, including domestic housing debt, high interest rates, and a weak economy, all will reflect to the stock market. 


European stock markets performed well, with British stocks rising slightly by 0.11%, French and German stocks rising by 0.63% and 0.7% respectively. The final value of U.S. economic growth in the second quarter was 2.1%, and the latest employment data was also solid. U.S. stocks fell first and then rebounded on Thursday. The Dow opened 30 points lower and then rose repeatedly. It rose as much as 227 points and reached a high of 33,777. The closing rally narrowed; It once rose 1%, and the Nasdaq rose as much as 1.36%. 


The U.S. market closed: the Dow rose 116 points to 33,666; the S&P 500 rose 25 points to 4,299; the Nasdaq climbed 108 points to 13,201. 

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