Investment

Hong Kong stocks barely touched the 17,000 level on the last trading day of October. After opening 68 points lower, the Hang Seng Index expanded its decline, falling as much as 364 points, and found support as low as 17,042 points. It closed at 17,112 points, down 293 points; the HS Technology Index closed at 3,759 points, down 95 points. The main board's total daily turnover was HK$84.6 billion.  Summing up the traditional "stock market crash month" in October, the disaster was not considered very serious. The Hang Seng Index fell by 697 points, or 3.91%, for the whole month, falling for three consecutive months. The HS tech  index fell 161 points, or 4.1%.  The U.S. stock market rebounded significantly the next night, but judging from the past period of time, it is still wave after wave. It is unclear whether the market outlook will turn optimistic. The outlook for the Hong Kong stock market depends on the future trading days. If the 10-DMA (17,301) can cross the 20-DMA...

Hong Kong stock index futures settled yesterday (30th). The Hang Seng Index opened 173 points lower at 17,225 points and then recovered. It then rose slightly and returned to 17,400 points. It rose 7 points throughout the day to 17,406 points; the HS technology index outperformed and rose 48 points, quoted at 3,854 points. Main board transaction volume was HK$92.4 billion.  If, as expected, the HSI 10-DMA (17,354) can rise above the 20-DMA (17,458) today and reach a golden cross, it is expected to rebound further and challenge the resistance of the 50-DMA (17,825). The earnings ratio of the Hong Kong stock market is currently hovering at a low of 8.6 times, which is similar to the past when the Hang Seng Index was in decline. Therefore, it is estimated that there is little room for the market to fall further, but we are cautious about the future of the Hong Kong stock market.  European stock markets recovered from 10-month lows, with British, French and German stocks closing u...

After the Hong Kong stock market held the 17,000 level, optimist counterattacked. The Hang Seng Index opened 115 points higher and rose as much as 453 points to a high of 17,497 points. It closed at 17,398 points, up 354 points and regained the 10-DMA (17,376). The HS technology index closed at 3,806 points, up 93 points. The main board's total daily turnover was HK$91.4 billion.  Hong Kong stocks continued to improve last week, with the Hang Seng Index rising by 226 points, or 1.3%, for the whole week; the HS Tech Index rose by 144 points, or 3.9%, for the whole week.  U.S. bond interest rates continue to remain high, dragging down global market sentiment. However, the Federal Reserve may not allow the rise in bond interest rates to avoid dragging down the economy and asset markets. It believes that the U.S. bond interest rate may reach a peak if it rises to 5% to 5.2%. In addition, mainland economic data may not be overwhelmingly bad. The Hang Seng Index has adjusted a lot f...

The Hong Kong stock market was so weak, but luckily the 17,000 level was lost and recovered. The situation between Israel and Palestine heated up, and risk aversion in the market rose. The Hang Seng Index rose nearly 100 points in the early part and then fell along with the outside world. It fell as much as 168 points and as low as 16,917 points. It recovered its losses in the afternoon and closed at 17,044 points, down 40 points. The HS technology index closed at 3,712 points, up 11 points. The main board's total daily turnover was HK$80.8 billion.  The U.S. stock market came under pressure the next night, which dragged down the sentiment of the Hong Kong stock market. The Hang Seng Index once fell below the 17,000 mark. As expected, the 10-DMA (17,479) fell below the 20-DMA (17,494), and a death cross signal was now present. The market is paying attention to the U.S. Federal Reserve's interest rate meeting next week. Even if interest rates remain unchanged, it does not rule o...

Hong Kong stocks rose first and then recovered, barely ending the 4-day decline. The Hang Seng Index opened 473 points higher and was unable to go higher. It continued to retreat when the Chief Executive delivered the "Policy Address." The gain in late trading narrowed to only 9 points, reaching a low of 17,001 points. It closed at 17,085 points, up 93 points. The HS technology index closed at 3,700 points, up 78 points. The main board's full-day turnover was HK$95.4 billion.  The mainland issued an additional trillion RMB of government bonds to stimulate the economy, but the positive factors are still limited. The stock and property market measures in Hong Kong's "Policy Address" are only at the lower limit of market expectations. There is still a lack of good news overall, which has caused the stock market to recover. The original trend. At present, the purchasing power of the market is still insufficient, and it is expected that the market outlook will co...

Mainland China once again stepped in to rescue the market. A-shares closed higher yesterday, but this did not help Hong Kong stocks stop falling. The Hang Seng Index fell below the 17,000-point mark, hitting an 11-month closing low. After opening 118 points lower, the Hang Seng Index fell as much as 292 points. After reaching a low of 16,879 points, it found support. The decline once narrowed to 32 points, but ultimately failed to hold 17,000 points. It closed at 16,991 points, down 180 points; the HS technology index closed at 3,622 points , down 39 points. The main board's total daily turnover was HK$89.9 billion.  As expected, the Hang Seng Index fell below the psychological support of 17,000 points yesterday, and fell below all moving averages again. If the 10-DMA falls below the 20-DMA today or tomorrow, a death cross signal will appear, and the market outlook may reach the low of 16,830 points on November 28 last year. There will be a short-term rebound today, reaching the 17...

Hong Kong's market  closed on Monday for the Double Ninth Festival holiday.  Last Friday, the Hong Kong stock market followed the external market to find the bottom. The Hang Seng Index opened 168 points lower and then sluggishly quarreled. It once rose 13 points and hit a high of 17,309 points before turning back. It fell 177 points in late trading and hit a low of 17,118 points, approaching the low of the beginning of the month. It closed at 17,172 points, down 123 points; the HS technology index hit a new low in the past six months, closing at 3,662 points, down 38 points. The main board's total daily turnover was HK$82.7 billion.  The Hang Seng Index continued to retreat last week, falling 641 points, or 3.6%, for the whole week; the HS Tech index fell 217 points, or 5.6%, for the whole week.  The economic data released by the Mainland recently were better than expected, and there is a chance that the economy will achieve the 5% economic growth target this year. ...

Due to tensions in the Middle East and rising U.S. bond interest rates, Hong Kong stocks followed the outside world and HSI opened 192 points lower before expanding their losses. The Hang Seng Index closed close to the day's low, closing at 17,295, down 436 points. The HS technology index closed at 3,700, down 71 points. The main board's total daily turnover was HK$91.1 billion.  Hong Kong stocks have fallen repeatedly in recent days, and the market sentiment has not improved. The Hang Seng Index is facing great resistance at 18,000 points, and there is a high chance of bottoming out again. The short-term support level is around the low of 16,830 points on November 28 last year. Many factors, including geopolitics, high debt interest rates, and concerns about domestic property debt, have affected investors' willingness to enter the market. With no "revitalization" in trading, it is difficult for the Hang Seng Index to make a breakthrough. In the weakest case, it w...

The mainland's latest announcement was that its GDP in the third quarter was 4.9%, and the market expected it to be 4.4%. After the data was released, the offshore RMB exchange rate rose in the short term.  Hong Kong stocks fell first and then recovered. The Hang Seng Index fell 147 points in the early stage and found support at 17,625 points, then rose 57 points; it closed at 17,732 points, down 40 points. The HS technology index closed at 3,771 points, down 64 points. The main board's total daily turnover was HK$88.8 billion.  The Hang Seng Index once rose above the 18,000-point mark a few days ago, but the subsequent upward trend was unsustainable and transaction volume also shrunk again. Although the Hang Seng Index returned to above the 20-DMA (17,654) yesterday, unless the transaction volume can return to the level of hundreds of billions, otherwise the market situation can only maintain a narrow range between 17,000 and 17,600 points. fall. It is now difficult for the H...

Hong Kong stocks stabilized after falling for two consecutive days. The Hang Seng Index opened 165 points higher and then fluctuated within a narrow range. It closed at 17,773 points, up 132 points, with a full-day fluctuation of only 143 points. The HS technology index closed at 3,836 points, up 24 points. The main board's total daily turnover was HK$63.5 billion.  Yesterday, as expected, the Hang Seng Index once again returned above the 20-DMA (17,668). The market outlook may challenge the resistance of the 50-DMA (18,126), and even have a chance to go up to the 100-DMA (18,646), but it will once again cross the 250-DMA (19,105), which is the dividing line between bulls and bears. It is too early to tell. We should pay attention to the external economic conditions and the development of the situation in the Middle East. If the breakthrough fails and the daily chart forms an island top turn, and the falling gap cannot be quickly covered, there is a high chance of bottoming out aga...

The China Securities Regulatory Commission tightened borrowing and short selling of A-shares last weekend, including increasing the margin ratio and restricting borrowing stock shipments during the lock-up period. It is obvious that it intends to restrict large investors from selling A-shares for cash. In addition, the People's Bank of China yesterday injected a net RMB 289 billion of long-term funds through the medium-term lending facility (MLF), hitting a new high this year. However, the market remains indifferent. A-shares ended in decline again on Monday. The Shenzhen Component Index fell below the 10,000-point mark again, returning to the level during the epidemic. The Shanghai Composite Index even fell below the August low, which shows that the weakness of the capital market has not changed.  Entering the second half of the "stock market crash month", Hong Kong stocks followed A shares in weakness. The Hang Seng Index opened 10 points lower and then rose briefly. Th...

The latest higher-than-expected inflation rate in the United States triggered investors' concerns about the Federal Reserve's continued tightening of monetary policy. In addition, mainland economic data was worse than market expectations. Hong Kong stocks retreated after rising for six consecutive trading days.  The Hang Seng Index opened 291 points lower and fell below the 18,000-point mark. Later, the decline once expanded to 461 points, reaching a low of 17,776. It fell 424 points throughout the day to 17,813 points.    The HS technology index fell 139 points to 3,879 points. Main board turnover was HK$84.1 billion.  For the whole week, the Hang Seng Index rose 327 points or 1.87%; the HS Technology Index rose 63 points or 1.66%.  The U.S. CPI rose slightly higher than market expectations. U.S. stocks fell overnight. As external market conditions weakened, Hong Kong stocks halted their sixth consecutive rise. Huijin's increase in its holdings of A-shares of t...

The entry of the national team into the market boosted investor confidence. Hong Kong stocks rose for the 6th day in a row, rising by more than 1,000 points, with turnover exceeding HK$100 billion . The Hang Seng Index opened 365 points higher and then traded at high levels, rising up to 397 points to a nearly one-month high of 18,290 points; it closed at 18,238 points, up 345 points. The HS technology index regained the 4,000-point mark and closed at 4,019 points, up 66 points. Main board turnover increased to HK$101.1 billion, the first time since September 22 that it has reached the 100 billion level.  If the Hang Seng Index can stabilize at 18,000, it has the potential to challenge the 18,800 to 19,000 level. The Hang Seng Index has successfully recovered the 10-DMA (17,572) and the 20-DMA (17,714), and is close to the 50-DMA (18,240). The market may retreat today. After the adjustment, if the 10-DMA can return to above the 20-DMA early next week, a golden cross signal will app...

Hong Kong stocks rose for five consecutive days, once reaching the 18,000 mark. After opening 292 points higher, the Hang Seng Index rose as much as 357 points to a high of 18,022 points, but failed to stabilize at 18,000 points and closed at 17,893 points, up 228 points. The HS Technology Index closed at 3,952 points, up 77 points. The main board's full-day turnover was HK$88.7 billion.  The Hang Seng Index has fallen repeatedly for 34 weeks since January. It hit a new low of 17,094 points last Wednesday. However, it has rebounded on Friday in the past three weeks, narrowing the decline for the whole week. Good signal now. If the Hang Seng Index can rise with a big white candlestick in the next one or two weeks, it may be expected to bottom out in the mid-term. In the short term, the low of 16,830 points on November 28 last year is an important support, the 50-DMA (18,277) has initial resistance, and the 100-DMA (18,716) has greater resistance. If it breaks through, the 20,000-poi...

Hong Kong stocks rose for four consecutive days, but failed to break through the 18,000 mark in one fell swoop. The Hang Seng Index opened 209 points higher and rose as much as 399 points. It reached a high of 17,916 points and saw profit taking. It closed up 147 points to 17,664 points. The 20-DMA (17,710) gained and then lost. The HS technology index closed at 3,874 points, up 49 points . The main board's full-day trading volume increased to HK$79.6 billion.  The Hang Seng Index fell to 14,597 points at the end of October last year and rebounded from oversold conditions. It rose to 22,700 points in late January this year and then hit the bottom. After that, it repeatedly bottomed out and hit a new low of 17,094 points last Wednesday. Note that the past three weeks have all rebounded on Friday, narrowing the decline for the whole week. The positive signals of the candlesticks show that there are buyers at low levels and investors are gradually reducing their positions. If the Hang...

Today is the National Day of the Republic of China, Double Ten Day!  Affected by the typhoon and black rain, the Hong Kong stock market was suspended yesterday morning, but rose first and then recovered after reopening in the afternoon. The Hang Seng Index rose up to 147 points, reaching a high of 17,633 points and then fell 38 points; it closed at 17,517 points, up 31 points. The technology index closed at 3,825 points, up 9 points. Main board transaction volume was HK$46.8 billion.  Hong Kong stocks were only open for half a day on Monday (9th) due to weather problems, and the Israeli-Palestinian conflict made the situation tense, so investors were more cautious. In the market outlook, we should pay attention to the US Consumer Price Index (CPI) for September released this week. If there are signs of a pullback, it will be beneficial to Hong Kong stocks. It is expected that the government will propose measures to stimulate the stock market in its policy address later. The cu...

The Hong Kong stock market will be closed this morning due to the typhoon. The Hong Kong Observatory will issue a strong wind signal No. 3 at 11:40 a.m.  The stock market is expected to resume in the afternoon. Beishui returned this week. Investors sneaked into the market last Friday, but the overall transaction volume continued to be quiet, with less than HK$50 billion for two consecutive days. After HSI opening 156 points higher, It rose as much as 389 points, with the  reaching a high of 17,603 points; it closed at 17,485 points, up 272 points. The HS technology index closed at 3,816 points, up 58 points. The main board's total daily turnover was. HK$ 47.9 billion .  The Hang Seng Index fell first and then rebounded last week, falling 323 points, or 1.81%, for the whole week; the Stock Exchange Index fell 104 points for the whole week. The Hang Seng Index has been in a downward trend for 33 weeks. It fell from a high of 22,700 on January 27 to a low of 17,094 points on...

Mainland A-shares continue to be on holiday, while Hong Kong stocks fluctuate within a narrow range, with both trading and trading busy. The Hang Seng Index opened 54 points higher and rose by as much as 140 points. After reaching a high of 17,336 points, it fell repeatedly and closed at 17,213 points, up 18 points. The whole-day fluctuation was only 138 points. The HS technology index closed at 3,757 points, up 5 points. The main board's full-day turnover further shrank to HK$47 billion, the lowest since December 28, 2018.  The weak trading volume of Hong Kong stocks has shown that investors have no intention to take advantage of the low price. In addition, on the external front, U.S. bond interest rates continue to rise, and the market's expectations for interest rate hikes have increased. In the short term, the direction of U.S. bond interest rates will still dominate the market; while the mainland is undergoing a long holiday. There is no new news to stimulate the stock mar...

Hong Kong stocks continued to search for the bottom. The Hang Seng Index opened 64 points lower at 17,266 points and reached the intraday high. The decline gradually intensified. It fell 237 points to 17,094 points in the afternoon, setting a new low this year. It fell 135 points throughout the day to 17,195 points; The HS Technology  index fell 65 points to 3,752 points. Main board transaction volume was HK$57.6 billion.  U.S. bond interest rates are high. The 30-year bond interest rate once rose above 5%, a 16-year high. Coupled with worries about Japanese yen interest rate hikes, the Hang Seng Index fell below 17,300 points. It is likely to exceed 17,000 points in the short term, and 16,800 points is the next bullish sign. In the heavy cargo area, I believe the market will fall to the low of 16,830 points on November 28 last year before rebounding. In recent months, North Water has accounted for about 25% of the market's turnover. The mainland market has been closed for a l...

The Hong Kong stock market entered the traditional "stock market crash month", and investors started to exert their strength. The Hang Seng Index opened 263 points lower and then jumped 596 points to a new low of 17,212 points this year. It then traded at low levels and closed at 17, down 478 points. The HS technology index closed at 3,817 points, down 103 points. The main board's full-day turnover was HK$86.1 billion.  The mainland will release a series of economic data, including third-quarter GDP. Even if the data is better than market expectations, it may not be able to boost investor confidence in the current global investment atmosphere. It can only be done temporarily. It is expected that even if the market rebounds in the future, the Hang Seng Index will still have great resistance at the 50-DMA (18,500) level, making it difficult to reverse the disadvantage. From a technical perspective, since the Hang Seng Index fell below 17,500 points, it has continued on a do...

Mainland A-shares began to close for a long holiday, and Hong Kong stocks had a "last day" at the end of the quarter. The HSI opened 111 points higher and continued to rise. It rose as much as 562 points in the afternoon and reached a high of 17,935 points. There was profit-taking in the late trading and closed at 17,809 points, up 436 points. The HS Technology Index closed at 3,920 points, up 142 points. The main board's trading volume for the whole day was HK$67.6 billion, the weakest since the 5th and 3rd.  The HSI fell by 572 points , or 3.1% in September; in the third quarter, it fell by 1,106 points, or 5.84%. The S&P Index fell 258 points or 6.17% in September. In the third quarter, it rose first and then recovered, rising slightly by 9 points in the whole quarter.  The market coincides with the end of the quarter and the suspension of North Water, so trading is even quieter. Last Friday, as expected, due to severe oversold, there was a technical rebound and re...