Investment 3/11/2023

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 maintain a narrow range at 17,000 points, and there will be resistance at 17,800 points. There are still uncertainties in market expectations for interest rate cuts in the middle and late stages of next year, and we need to pay attention to the geopolitical situation and changes in bond interest rates.


 European stock markets performed well, with French stocks closing up 1.85% and performing better, while British stocks and German stocks rose 1.42% and 1.48%. 


As expectations for the Federal Reserve to raise interest rates cooled, U.S. bond interest rates continued to fall sharply, driving U.S. stocks to perform significantly better on Thursday. After opening 183 points higher, the Dow Jones Industrial Average expanded to a maximum of 578 points, reaching a high of 33,852 points. It still closed up 564 points, at 33,839 points, the best single-day performance since June; the S&P 500 index rose for the fourth consecutive day, rising another 79 points to 4,317 points; the Nasdaq Composite, led by technology stocks, rose 232 points to 13,294 points. 

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Investment 24/4/2026

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