Investment

Hong Kong stocks were sluggish on the last trading day of November, and saw action at the 17,000 level most of the time. The Hang Seng Index fell 130 points in the early stage and found support after reaching a one-year low of 16,863 points. It stabilized repeatedly in the afternoon and closed at 17,042 points, up 49 points or 0.29%, ending the 4-day decline. The technology index failed to recover its losses and closed at 3,899 points, down 10 points or 0.27%. The main board's total trading volume for the whole day was HK$139.1 billion.  The Hang Seng Index mainly fluctuated between 17,000 and 18,000 points in November. It fell by 69 points or 0.4% in the whole month, falling for four consecutive months. The HS technology Index outperformed the market, rising 140 points or 3.72% for the month.  The market still seems to be concerned about the impact of the mainland's macroeconomic downturn on corporate profits. The short-term adjustment momentum of the market is not yet comple...

Hong Kong stocks fell below the 17,000-point mark on the futures settlement day. The Hang Seng Index opened 4 points higher and fell immediately. It fell 472 points in the afternoon and reached a low of 16,881 points, close to the low of 16,879 points a month ago. It closed at 16,993 points, down 360 points or 2.07%. It fell 917 points or 5.1% in four consecutive days.  The technology index closed at 3,910 points, down 90 points or 2.25%. The main board's total daily turnover was HK$130.1 billion.  The proportion of CBBCs on the street shows that the heavy holdings of CBBCs have moved down to 17,000 points. Large investors may take advantage of this situation to further push the index lower, and the Hang Seng Index may try to cross 17,000 points again. In fact, after the Hong Kong stock market rose above the 18,000 mark many times in recent months, the upward trend was unsustainable and turned back. It is believed that this trend will continue to repeat this year, and the Hang...

Hong Kong stocks lacked momentum. The Hang Seng Index opened 16 points higher and immediately turned around. In the afternoon, it fell 221 points to a low of 17,303 points. It closed at 17,354 points, down 170 points or 0.97%. The technology index closed at 4,000 points, down 31 points or 0.77%. The main board's total daily turnover was HK$95 billion.  Amid expectations that interest rates will bottom out, U.S. stocks have performed well recently. However, due to the large number of Chinese listed companies in Hong Kong stocks and the slowdown in mainland economic growth, the upward momentum of Hong Kong stocks has been limited. The trading volume continues to be weak. The Hang Seng Index currently mainly fluctuates between 16,800 and 18,300 points, and there is currently limited room for market entry operations.  The three major European stock market indexes developed individually, with British and French stocks falling 0.07% and 0.21% respectively, while German stocks closed...

Hong Kong stocks were struggling. The Hang Seng Index opened 118 points higher and reached a day high of 17,677 points. After that, it fell 201 points to a low of 17,358 points. It gradually recovered its losses in the afternoon and closed at 17,525 points, down 34 points or 0.19%. The technology index rebounded by 6 points, or 0.17%, to close at 4,031 points, maintaining the 4,000-point mark. The main board's trading volume for the whole day was HK$75.9 billion.  The decline in U.S. bond interest rates has stabilized. In addition, the U.S. dollar has not weakened further, and it is difficult for Hong Kong stocks to rebound. The Hang Seng Index is at the bottom of its recent rising channel, which is 17,400 points. The key to the market outlook is to maintain this level, while the top of the rising channel is around 18,000 points. The current trading volume in the market is relatively low, reflecting that there is not much selling pressure. Under conditions such as the U.S. interest...

Hong Kong stocks opened 139 points lower and then fell further. The Hang Seng Index closed close to the day's low, closing at 17,559 points, down 351 points or 1.96%, falling below the 50-DMA (17,591) and the 20-DMA (17,566). The technology index closed at 4,024 points, down 92 points or 2.24%. The main board's total daily turnover was HK$88.1 billion.  The Hang Seng Index rose 105 points in a week, with a high of 18,057 points and a low of 17,532 points. The bottom of the Bollinger Channel gradually moved up from the 16,800-point level. I believe that after consolidating near the 50-DMA, there may be an opportunity to further challenge the 100-DMA (18,200) on the central axis of the channel resistance. However, last Friday's big black candlestick slightly fell below the 20-DMA. If it is confirmed that it has fallen below this level, the market outlook may once again test the 16,800-point support zone.  The market expects that U.S. interest rates will peak and there may eve...

Hong Kong stocks fell first and then rose. The Hang Seng Index opened 54 points lower and fell as much as 157 points. It found support as low as 17,577 points. It gradually recovered in the afternoon and closed close to the day's high of 17,910 points, up 176 points. The technology index closed at 4,117 points, up 87 points. The main board's total daily turnover was HK$97.7 billion.  The performance of Hong Kong stocks has been volatile recently, and there is obvious resistance when the Hang Seng Index rises to 18,000 points. On the external front, market expectations for interest rate hikes have cooled, causing the US dollar to weaken and bond interest rates to fall from highs, which is beneficial to global stock markets. In addition, the phased relaxation of Sino-US relations and the rebound of the RMB have been positive for Chinese stocks.  However, investors lacked confidence in the market outlook, and the index rebounded to highs and profit-taking occurred. However, it is...

Hong Kong stocks were capped at 18,000 points and were very weak on Wednesday (22nd). The Hang Seng Index opened 2 points higher and then rose and fell, closing at 17,734 points, up 0.7 points, with a full-day fluctuation of only 146 points. The technology index closed at 4,029 points, down 7 points. The main board's total daily turnover was HK$81.1 billion.  The minutes of the U.S. Federal Reserve's interest rate meeting at the beginning of this month showed that if the anti-inflation progress is ineffective, the Fed will tighten further and maintain restrictive interest rates for a period of time. The remarks are biased towards the hawkish side. However, the market still generally expects interest rates to peak, and it is believed that the impact of the news on US stocks will be limited. As for the Hong Kong stock market, after rising above the 18,000 mark many times since October, the upward trend has been unsustainable and has turned back. It is expected that the Hang Seng ...

Hong Kong stocks encountered resistance after rising above the 18,000 mark in the early morning. After opening 154 points higher, the Hang Seng Index rose by as much as 279 points, reaching a high of 18,057 points. Selling pressure intensified in the afternoon and once fell nearly 100 points, closing at 17,733 points, down 44 points. The technology index closed at 4,037 points, down 40 points. The main board's total trading volume for the whole day was HK$107.2 billion.  U.S. inflation is milder than expected, market expectations for interest rate hikes have cooled, U.S. stocks have risen well in recent days, and the RMB exchange rate has strengthened, all of which are beneficial to Hong Kong stocks. The short-term rebound momentum of the Hang Seng Index is expected to be sustainable. It is expected that the 10-DMA (17,598) will break through the 50-DMA (17,610) today, showing a golden cross signal. It is expected to try the 18,000 level again. If the market moves further upward, t...

The RMB rose to its highest level in more than three months, driving a rebound in Hong Kong stocks. After opening 171 points higher, the Hang Seng Index rose by up to 334 points, reaching a high of 17,788 points; it closed at 17,778 points, up 323 points; the Technology Index returned to the 4,000-point mark, closing at 4,077 points, up 97 points. The main board's full-day turnover was HK$106.3 billion.  Last week, the heads of state of China and the United States met. The 10-year bond interest rate fell, and the RMB exchange rate surged. The FOB price against the US dollar (CNH) once rose by 575 points, reaching a high of 7.1629 yuan. The news was generally positive, but Hong Kong stocks When it reaches 18,000 Pass, it will be blocked and fall back. This week, the market continues to pay attention to the release of heavyweight blue-chip stocks and the minutes of the U.S. Federal Reserve's interest rate meeting, which will inspire the process of interest rate hikes. Hong Kong s...

Hong Kong stocks retreated for two consecutive days, with Wednesday's rebound nearly wiped out. After opening 248 points lower, the Hang Seng Index continued to find the bottom, falling as much as 419 points and reaching a low of 17,413 points. It closed at 17,454 points, down 378 points; the Technology Index closed at 3,980 points, down 69 points. The reduction of stock stamp duty from last Friday did not help Hong Kong stock trading, with the main board trading 97.9 billion Hong Kong dollars throughout the day.  The Hang Seng Index rose 250 points for the whole week; the Tech Index rose 87 points for the whole week.  The Hang Seng Index has tested 17,000 points three times since the beginning of October without breaking, and the trend is favorable for a rebound. Last week, it rose first and then recovered. It gained and then lost the 18,000 level, and it stayed close to the 20-DMA (17,416). The up and down market pattern has not changed, but the resistance above 18,000 to 18...

After the sharp rise the day before, Hong Kong stocks saw some profit-taking yesterday. The Hang Seng Index opened 95 points higher and reached a daily high of 18,174 points. It then fell 356 points to a low of 17,722 points. It closed at 17,832 points, down 246 points. The technology index closed at 4,049 points, down 76 points. The main board's total daily turnover was HK$115.1 billion, exceeding HK$100 billion for two consecutive days. The last time it occurred was in early September.  The meeting between the heads of state of China and the United States did not produce many tangible results, but relations between the two countries may ease in stages. In addition, more policy news has been implemented in the mainland, and the performance of technology companies has generally been better than expected. Various news has caused the market to rebound briefly. The Hang Seng Index once rose above the 18,000 level due to heavy trading volume the previous day, but fell again yesterday. ...

U.S. inflation was milder than expected, and expectations for an interest rate hike by the Federal Reserve have cooled, spurring Hong Kong stocks to perform significantly ahead of the meeting between the Chinese and U.S. presidents.  The Hang Seng Index opened 439 points higher at 17,836 points and then continued its upward trend. It once rose 705 points to 18,102 points and rose 682 points throughout the day to 18,079 points. The technology index rose 174 points to 4,125 points. Main board transaction volume exceeded HK$134.9 billion.  Hong Kong stocks "are struggling to make a breakthrough". Although the market hopes that some existing U.S. trade and technology restrictions on China will be relaxed after the meeting between the presidents of China and the United States, the financial war between China and the United States shows no sign of easing. Coupled with yesterday's news that the U.S. federal pension fund plans to no longer invest in Hong Kong stocks, there is a c...

The Hong Kong stock market rose above 100 points in the early period and was unable to sustain it. The Hang Seng Index was again restricted by 17,500 points and once fell 67 points to a low of 17,358 points. It closed at 17,396 points, down 29 points. The technology index closed at 3,951 points, down 29 points. The main board's total daily turnover was HK$76.7 billion.  The market has a strong wait-and-see atmosphere, focusing on the latest U.S. inflation data and the meeting between the presidents of China and the United States on Wednesday (15th). Investors hope that the foreign trade or diplomatic relations between China and the United States can improve, which will be beneficial to the stock market. In addition, when the mainland's economic activities were faltering in October, it was rumored that China plans to launch "three major projects" as soon as this month, including the construction of affordable housing, urban village renovation, and "dual use" ...

The performance of Hong Kong stocks was mixed. The Hang Seng Index rose over 100 points in the early stage and then fell. It found support at 17,126 points. It gradually recovered in the afternoon and closed at 17,426 points, up 222 points. It returned to the 20-DMA (17,399), ending the 4-day decline. The technology index closed at 3,981 points, up 88 points. The main board's total daily turnover was HK$75.1 billion.  After Federal Reserve Chairman Powell delivered a "hawkish" speech last week, global stock markets were dragged down. Hong Kong stocks fell for four consecutive days last week. Looking ahead to this week, the United States will release inflation data, which is believed to have some implications for the direction of interest rates. The mainland will also release a series of economic data, which is expected to reflect the latest economic conditions. In addition, the presidents of China and the United States will meet this week, and the market is hopeful that t...

Hong Kong stocks fell for four days in a row. The Hang Seng Index opened 160 points lower and then the selling pressure intensified. It fell as much as 333 points to a low of 17,177 points. It closed at 17,203 points, down 308 points. The technology index closed at 3,892 points, down 131 points. The main board's total daily turnover was HK$75 billion.  Hong Kong stocks rose first and then fell last week. The Hang Seng Index fell 460 points, or 2.6%, for the whole week; the KLCI fell 44 points, or 1.11%, for the whole week. Technically, the Hang Seng Index has fallen below the 20 DMA (17,444) and the 10-DMA (17,419). Unless it returns to it immediately, it will reach the low of 16,979 points on the 1st of this month or the low of 16,879 points on October 24.  European stock markets were dragged down by alcohol and luxury goods stocks. British stocks closed down 1.28% on Friday, while French and German stocks also fell 0.96% and 0.77%.  Federal Reserve Chairman Powell deliv...

The Hong Kong stock market fluctuated at 17,500 points. After opening low, the Hang Seng Index once rose 48 points, and then fell over 100 points, reaching a low of 17,457 points. It closed at 17,511 points, down 57 points. The HS technology index closed at 4,024 points, up 3 points. The main board's total daily turnover was HK$75.3 billion.  After a round of rebound, Hong Kong stocks have mainly consolidated above 17,000 points in recent days. Federal Reserve Chairman Powell spoke the next night and did not have a clear direction on interest rates. However, investors are still looking forward to the end of the interest rate hike cycle. Interest rate futures also show that there is little chance of raising interest rates at the interest rate meeting in December or later. In addition, the U.S. Bond interest rates have fallen a lot from highs, which will be helpful to the stock market. However, the latest data released by the mainland shows that the producer price index (PPI) continu...

Hong Kong stocks were repeatedly weak. The Hang Seng Index fell nearly 100 points in the early morning and then rebounded. In the afternoon, the selling pressure regained its strength. It fell to the 17,500-point level with support and closed at 17,568 points, down 101 points. The HS Technology Index closed at 4,020 points, down 35 points. The main board's total daily turnover was HK$94.1 billion.  There is not much good news in the market. The Hang Seng Index has risen by thousands of points in the past few days. The recent decline is a normal correction. In addition, the recent quarterly results of some companies have been average. Mainland economic data is also slightly worse than market expectations. The market is expected to In the short term, it will remain close to the 50-DMA (17,750). If the market can stabilize the 50-DMA in the next one or two days, the short-term range is expected to be from the 20-DMA (17,490) to the 100-DMA (18,401). Otherwise, there is a chance that t...

Hong Kong stocks retreated after rising for three days in a row. The Hang Seng Index opened 116 points lower and then repeatedly found the bottom. It fell as much as 307 points to a low of 17,658 points, making up for the gap left by the previous day. It closed at 17,670 points, down 296 points. The HS technology index closed at 4,055 points, down 42 points. The main board's trading volume for the whole day was HK$89.6 billion.  The US stock market's gains shrank sharply the last night, and finally closed steadily, reflecting that the market's longing for interest rates to peak has been reflected to a certain extent. In addition, although the mainland has stepped up its efforts to support the stock market, there is still no major good news in the short term. Hong Kong stocks have rebounded from lows in recent days, but there is obvious resistance when it rises to 18,000 points, and it is still subject to the resistance of the large downward trajectory channel from the begin...

Hong Kong stocks followed the external good. The Hang Seng Index opened 249 points higher, and then rose as much as 373 points to a high of 18,037 points. In the afternoon, the increase shrank to 235 points, and finally closed up 302 points to 17,966 points; the HS Tech index rose 161 points to 4,098 points. The market's turnover hit over HK$ 100 billion , rising to 115.1 billion , the most since mid-September.  The improvement in the market sentiment is mainly due to the Federal Reserve's dovish announcement after the interest rate meeting. The market does not expect to raise interest rates this year, and there are even expectations of interest rate cuts, which drives the influx of funds into the stock market. The Hong Kong Hang Seng Index has crossed the 50-DMA again for three months, and has risen by 865 points for three consecutive days. I believe that the market has a good chance of reaching the end of this year, and funds may continue to absorb the Hong Kong stock sector....

Following the external rally, Hong Kong stocks opened 175 points higher and continued to rise. The Hang Seng Index soared up to 498 points, reaching a high of 17,729 points; it closed at 17,664 points, up 433 points. The HS technology index closed at 3,937 points, up 123 points. The main board's total daily turnover was HK$90.9 billion.  Hong Kong stocks fell first and then rebounded last week. The Hang Seng Index rose 265 points or 1.52% for the whole week, rising for two weeks in a row. The HS Tech index rose 131 points or 3.44%, outperforming the market.  The previous week's decline was close to the low of 16,830 points on November 28 last year, and it found support, and finally rose and closed. Last week, it opened low and closed high again, reflecting that funds entered the market at low levels, and the market outlook may be optimistic. It is expected to rise above the 50-DMA (17,762) today, and there will be considerable resistance to the 100-DMA (18,452). The 16,830 lev...

The Federal Reserve kept interest rates unchanged as expected, and Hong Kong stocks did well following the external market. After opening 180 points higher, the Hang Seng Index rose as much as 357 points. After reaching a high of 17,459 points, it continued to retreat, and the increase once narrowed to 74 points. It closed at 17,230 points, up 128 points; the HS Technology Index closed at 3,813 points, up 61 points. The main board's total trading volume for the whole day was HK$71.1 billion.  It is expected that Hong Kong stocks will continue to rebound today. If the Hang Seng Index rises above the 20-DMA (17,441), it will have the conditions to further challenge the 50-DMA (17,762) next week. However, the Hong Kong stock market still lacks catalysts. The market outlook is greatly affected by mainland economic data and corporate performance, and it may have to wait for the introduction of major policies before it can break through. It is expected that the Hang Seng Index will maint...

As the market waits to see the outcome of the Federal Reserve's interest rate meeting, Hong Kong stocks were mixed on the first trading day of November. The Hang Seng Index opened 26 points higher and then fell 133 points. It found support at 16,979 points, and then regained the 17,000 mark and closed at 17,101 points, down 10 points. The HS Technology Index closed at 3,752 points, down 6 points. The main board's full-day trading volume shrank to HK$67.9 billion.  Mainland economic data is not good, and Hong Kong stocks are still sluggish. Although the Hang Seng Index closed at 17,000 points, it was still controlled below the 10-DMA (17,234), which means that the bottom-hunting pattern is not over yet. Judging from the technical trend, the Hong Kong stock market is lower than the previous wave and has not yet seen a breakthrough. The Hang Seng Index is expected to fluctuate between 16,800 points and 18,200 points.  European stock markets rose across the board, with British, Fr...