Investment 16/10/2023

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 the four major mainland banks has boosted market sentiment, but the amount of investment is not large and the actual impact on mainland banks is unknown, so it has a limited stimulating effect on the market. In terms of trend, the recent rise of the Hang Seng Index to the 50-DMA (18,196) has obvious resistance. Short-term adjustments are expected, and it will test the support of the 20-DMA (17,702) and even the 10-DMA (17,616). If it falls, it may have to fall again. Test the bottom and test the 17,000 mark. 


European stock markets closed down across the board, with British, French and German stocks falling 0.59%, 1.42% and 1.55% respectively.


 Despite dovish remarks from U.S. Federal Reserve officials and satisfactory results from major Wall Street banks, worries about the situation in the Middle East still linger. U.S. stocks developed individually on Friday. After the Dow opened 102 points higher, its early gains expanded to a maximum of 326 points. It reached a high of 33,957; the S&P 500 once fell 0.87%; the Nasdaq once turned around and fell 1.56%. 


At the close of the U.S. market, the Dow rose 39 points to 33,670; the S&P 500 fell 21 points to 4,327; the Nasdaq fell 166 points to 13,407. For the week, the Dow rose 0.79%, the S&P 500 climbed 0.45%, and the Nasdaq fell slightly by 0.18%. 

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