Investment 5/10/2023

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 long holiday, so the  transaction is normal. It is estimated that this week's turnover will remain at around 50 billion or 60 billion HKD. Even if there is a short-term rebound due to oversold conditions, the market outlook is expected to continue on a downward trajectory, with a chance to test 15,000 to 16,000 points. The support level is around last year's low of about 14,600 points. 


European stock markets developed individually, with British and French stocks falling 0.77% and less than 0.01% respectively, while German stocks edged up 0.1%.


 U.S. private sector job growth figures were far lower than expected, U.S. bond interest rates retreated from highs, and U.S. stocks were mixed on Wednesday. The Dow opened 31 points higher, and once fell 129 points to a low of 32,873. It later rebounded, rising 154 points. points, reaching a high of 33,156. The Dow eventually rose by more than 100 points, ending its losing streak in the past three trading days; the S&P 500 index rose by 0.92%; the Nasdaq, which is dominated by technology stocks, rose by up to 1.53%. 


At the close of the U.S. stock market, the Dow rose 127 points to 33,129; the S&P 500 rose 34 points to 4,263; and the Nasdaq rose 176 points to 13,236. 

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