Investment 15/11/2023

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" public infrastructure. This provides at least 1 trillion RMB in funding to support the troubled real estate market.


 It is expected that the Hang Seng Index will rebound based on the news today, regaining the 20-DMA (17,388) and the 10-DMA (17,474), and testing the initial resistance of the 50-DMA (17,679), with greater resistance at 18,000 points. Before the 100-DMA (18,305) is seen again, it is difficult to say that the market outlook will turn around. 


European stocks rose across the board, with British, French and German stocks rising by 0.2%, 1.39% and 1.76% respectively.


 Inflation in the United States slowed broadly in October, strengthening the market's confidence that the Fed's interest rate hike cycle has ended. Debt interest rates fell sharply, spurring a sharp rise in U.S. stocks on Tuesday. After the Dow opened 243 points higher, the increase once expanded to 593 points, the highest At 34,931 points, the closing rally slowed down slightly. The S&P 500 index rose 2.2% at one point. The Nasdaq, which is dominated by technology stocks, rose by up to 2.4%, technically out of the adjustment zone. 


At the close of the U.S. stock market, the Dow Jones Industrial Average still rose 489 points to 34,827 points; the S&P 500 rose 84 points to 4,495 points; and the Nasdaq rose 326 points to 14,094 points. 

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