Investment

Hong Kong stocks did well on the futures settlement day, closing firmly at the 17,000-point mark throughout the day. The Hang Seng Index expanded its gains in the afternoon, rising as much as 461 points to 17,086 points, and closed at 17,043 points for the whole day, an increase of 418 points, or 2.5%; the Technology Index rose 124 points, or 3.41%, to 3,763 points. Main board transaction volume exceeded HK$109.9 billion.  Due to the low valuation of Hong Kong stocks, there is not much room for further declines, and there is a chance that the bottom has already been reached. Large-cap technology stocks are oversold in the short term, but the policy is still unclear, the market momentum may not be too strong, and the current market capitalization rate is not high. If after the New Year, there is more good policy news in the mainland and funds re-enter the market, there will be room for the index to rise. Technically, if the Hang Seng Index rises above 16,900 points or falls below 16...

Hong Kong stocks are ready to resume trading after the long holiday. The Hang Seng Index opened 221 points higher at 16,561 points and then rose repeatedly. The high was once up 333 points to 16,673 points. It closed at 16,624 points for the whole day, up 284 points or 1.74%, and returned to the 20-DMA (16,584); the technology index returned to 3,600 points. It rose 91 points or 2.58% throughout the day to 3,639 points. Main board turnover was HK$99.2 billion.  The mainland's stance on the gaming industry has softened, and technology and Internet stocks have rebounded, providing some support for the market. However, many fund managers are still on vacation, and market sentiment has not improved significantly. The short-term market lacks focus. The Hang Seng Index is expected to fluctuate mainly between 16,000 and 17,000 points along the 20-DMA and Bollinger Band central axis of about 16,500 points. It is believed that it will be clearer after New Year's Day. At that time, we sh...

Hong Kong stocks rose first and then fell before the long holiday. The Hang Seng Index opened 121 points higher and then rose as much as 236 points, reaching a high of 16,857 points. However, the mainland plans to strengthen supervision of online games, and related stocks plunged, dragging down the market. The Hang Seng Index closed at 16,340 points, down 280 points or 1.69%. The technology index closed at 3,548 points, down 162 points or 4.37%. The main board's total trading volume for the whole day was HK$141.1 billion.  The Hang Seng Index fell 451 points, or 2.68%, for the whole week; the technology Index fell 232 points, or 6.13%, for the whole week.  A-shares continue to be weak during the long external holidays, which is believed to bring pressure to Hong Kong stocks after the holidays. Moreover, Hong Kong stocks are still weak on many indicators and technology. The Hang Seng Index has the opportunity to test this year's low of 15,972 points. The Shanghai Composite Inde...

Hong Kong stocks fell below 16,500 points in the early morning and found support. The Hang Seng Index rebounded in the afternoon and closed at 16,621 points, up 7 points or 0.04%. The state-owned enterprise index closed at 5,619 points, up 7 points or 0.13%; the technology index closed at 3,710 points, down 16 points or 0.44%. As the long holiday approaches, investors are busy buying and selling, with the main board's full-day trading volume shrinking to HK$69.5 billion, the quietest since November 1.  Hong Kong stocks have recently failed to follow external market conditions and have mainly been hovering at low levels, reflecting that the market still has doubts about the prospects of the mainland economy and companies. In addition, the long holiday is approaching, when the North Water will be suspended, the transaction volume will be sluggish, and it will be difficult for Hong Kong stocks to make a breakthrough in the short term. The Hang Seng Index is expected to have some suppo...

Hong Kong stocks rebounded after falling for two consecutive days. The Hang Seng Index opened 142 points higher and then fluctuated within a narrow range. It rose as much as 236 points and reached a high of 16,741 points. It closed at 16,613 points, up 108 points or 0.66%, with a full-day volatility of 191 points. The technology index closed at 3,726 points, up 18 points or 0.51%. The main board's total daily turnover was HK$90 billion.  The market is worried about the impact of the mainland's economic recovery, especially the debt problem of domestic real estate; mainland A-shares have hit another low, and Hong Kong Stock Connect has net sales of 11.039 billion RMB, reflecting the pessimism of mainland investors about the stock market and "want money but not goods." The trend of Hong Kong stocks yesterday High first and then back. There are only 5 trading days left this year, and the holiday atmosphere is getting stronger. The mainland stock market will not improve i...

Hong Kong stocks opened 77 points lower and then fluctuated in a narrow range. The Hang Seng Index fell 221 points in the early stage and found support as low as 16,408 points. The decline once narrowed to 51 points; it closed at 16,505 points, down 124 points or 0.75%, with a full-day volatility of 171 point. The technology index closed at 3,707 points, down 22 points or 0.61%. The main board turnover was HK$76.5 billion.  The market is looking forward to the U.S. Federal Reserve cutting interest rates next year. U.S. stocks continued to be strong. The Dow Jones Industrial Average hit a new closing high the next night. However, due to the pessimistic view of foreign investors on Hong Kong stocks and poor market sentiment, and lack of confidence in entering the market, the Hang Seng Index has encountered significant resistance at 17,000, and the support of 16,000 points has still to be tested. It seems that there will be no further upward breakthrough in the short term, and it is s...

Hong Kong stocks retreated after rising for two consecutive days. The Hang Seng Index opened 122 points lower and then moved up and down in a narrow range. It fell 219 points to a low of 16,572 points at the end of the day. It closed at 16,629 points, down 162 points or 0.97%, with a full-day volatility of only 140 points. The technology index closed at 3,730 points, down 50 points or 1.32%. Main board turnover was HK$94.3 billion.  The weakness in Hong Kong stocks is mainly due to profit-taking after rising for two consecutive trading days last week; as well as the record low in the mainland stock market, which has dragged down the trend of Hong Kong stocks. If there is no particularly good news for the Hong Kong stock market in the short term, and the long Christmas holiday is approaching, the initial resistance of the Hang Seng Index will be at the 20-DMA (16,872). It may trend sideways this week, and will fluctuate between 16,200 points and 16,800 points. U.S. stocks peaked and...

Hong Kong stocks continued to rebound in anticipation of US interest rates peaking and falling, the RMB strengthening in recent days, and the People's Bank of China releasing funds through the medium-term lending facility. The Hang Seng Index opened 208 points higher and rose as much as 562 points. However, it was limited by the resistance of 17,000 points. It reached a high of 16,964 points and then retreated. It closed at 16,792 points, up 390 points or 2.38%. The technology index closed at 3,780 points, up 82 points or 2.22%. The main board's total daily turnover was HK$136.2 billion, the highest in the past two weeks.  Hong Kong stocks fell first and then rebounded last week, ending two consecutive weeks of decline. The Hang Seng Index rose 457 points, or 2.8%, for the whole week. The tech Index rose 74 points, or 2%, for the week.  Last week, the Hang Seng Index fully covered the large rising gap in November last year (16,138 to 16,829) and started to rebound. On Friday, ...

Looking forward to the U.S. interest rate cut next year, the U.S. stock market Dow Jones hit a new high. Hong Kong stocks followed the outside world and opened 190 points higher, rising up to 349 points. The Hang Seng Index reached a high of 16,577 points and was unable to go higher. It closed at 16,402 points, up 173 points or 1%. The technology index closed at 3,698 points, up 12 points or 0.34%. The main board's total trading volume for the whole day was HK$102.2 billion.  Although Hong Kong stocks rebounded following US stocks, the Hang Seng Index was obviously affected by the decline in A-shares yesterday and rebounded and return immediately, proving that market confidence and atmosphere are not good. However, I believe there is not much room for further declines. Recently, the market has dropped to around 16,000 points, with investors seeking bottom. At this stage, this level is the recent bottom, and it is expected to challenge 17,000 points in the short term.  The Fede...

As the market waits to see the outcome of the Federal Reserve's interest rate meeting, Hong Kong stocks were soft within a narrow range and trading volume was light. The Hang Seng Index opened 62 points lower and then repeatedly found the bottom, falling as much as 229 points and reaching a low of 16,145 points. It closed at 16,228 points, down 145 points or 0.89%. The technology index closed at 3,686 points, down 44 points or 1.18%. The main board's total daily turnover was HK$75.4 billion.  The U.S. CPI still remains above 3%, falling short of the Federal Reserve's target of 2%. It is still too early to say whether interest rates can be cut in the first quarter of next year. On the other hand, the Central Economic Conference was held in the Mainland. At this stage, it still maintains slogan-style policies without concrete actions, which makes it difficult to bring joy to the Hong Kong stock market. It is expected that the Hang Seng Index will continue to maintain its adju...

Hong Kong stocks rebounded after falling for three days in a row. The Hang Seng Index opened 34 points higher and then fell briefly. However, it found support at the 16,100-point level and closed at 16,374 points, up 173 points or 1.07%. The technology index closed at 3,730 points, up 63 points or 1.74%. The main board's total daily turnover was HK$86.6 billion. At present, Hong Kong stocks lack good news to drive the market. Unless the mainland has policies that bring surprises, or the market has expectations for the mainland's economic growth, it will still be difficult to break the predicament. Technically, the 10-DMA (16,556) already has resistance, and the 20-DMA (17,126) has greater resistance. Investors lack the desire to enter the market to take advantage of the market, and expect the Hong Kong stock market to test lows again in the future.  European stock markets fell, with British, French and German stocks falling 0.03%, 0.11% and 0.02% respectively.  The Reserve Boa...

Hong Kong stocks continued to search for bottom, once falling below the 16,000-point mark, hitting a 13-month low. After opening 185 points lower, the Hang Seng Index fell as much as 362 points to a low of 15,972 points, completely making up for the rising gap left in November last year. In the afternoon, it stabilized following the mainland A-share market and closed at 16,201 points, down 132 points or 0.81%. The technology index closed at 3,666 points, down 39 points or 1.06%. The main board's total daily turnover was HK$98.7 billion.  It is expected that the Hang Seng Index will still consolidate at 16,000 points in the short term. There are only three weeks left in 2023, and the window-dressing effect of the market has not yet appeared. It may need to wait for mainland economic data to become more optimistic before it can rebound. The Hang Seng Index is expected to fluctuate between 15,800 and 16,600 points in the short term. The next resistance level after rising above is 20-D...

Hong Kong stocks opened 39 points lower and then fell further. The Hang Seng Index fell as much as 417 points in late trading, reaching a new low of 16,228 points this year. It closed at 16,327 points, down 318 points or 1.91%, falling for three consecutive days. The technology index closed at 3,682 points, down 77 points or 2.05%. The main board's total trading volume for the whole day was HK$118 billion.  If, as expected, the Hang Seng Index is close to fully covering the rising gap left in November last year (16,138 to 16,829), it is expected that there will be a short-term rebound, and it will be better to hold on to 16,800 points thereafter, otherwise the selling pressure will be difficult to subside. The Hong Kong stock market currently faces strong resistance, and it is difficult to surpass the 10-DMA (17,183). It is expected that after the Hang Seng Index repeatedly consolidates, the bottom-hunting pattern will continue, and may once again test last year's low of 14,597...

The Hang Seng Index rose over 100 points in the early morning and then fell by nearly 100 points. However, it found support when it fell to 16,249 points. It rebounded in the afternoon and closed at 16,334 points, down 11 points or 0.07%; the Technology Index closed at 3,705 points. , down 14 points or 0.38%. The main board's total daily turnover was HK$88.3 billion.  Hong Kong stocks fell below a one-year low this week, with the Hang Seng Index falling 495 points, or 2.94%, for the week; the HS Tech index fell 125 points, or 3.26%.  Last week, the HSI show big black candlestick and fell below 16,800, setting a new low this year. Most of the large rising gap (16,138 to 16,829) in November last year has been replenished. In the last two trading days of last week, "hammer head" and "spinning top" appeared at the low level. ”, and is seriously oversold, which is favorable for a short-term rebound, but the 10-DMA (16,786) is expected to have considerable resistance....

Moody's lowered the outlook for Hong Kong's credit rating to "negative". The Hang Seng Index opened 86 points lower at 16,376 points and hit an intraday high. The decline later intensified, falling as much as 305 points to 16,157 points, setting another low for the year. It fell 117 points or more for the whole day 0.7%, reported at 16,345 points; the technology index fell 27 points, or 0.73%, reported at 3,720 points. Main board turnover was HK$89 billion.  Investors are worried about the profit prospects of mainland companies, and Moody's has lowered the rating outlook of many companies, which has affected the market's investment sentiment. It is expected that after the rising gap in November last year (16,138 to 16,829) has been completely covered, there will be a short-term rebound. The 10-DMA (16,909) is difficult to surpass. After repeated consolidation, the bottom-seeking pattern will continue, and there will be more opportunities in the short term. Tes...

Hong Kong stocks stabilized after falling for three days in a row. The Hang Seng Index fell nearly 100 points in the early hours and found support. In the afternoon, it rose 272 points to a high of 16,600 points. It closed at 16,463 points, up 135 points or 0.83%. The  technology index closed at 3,747 points, up 64 points or 1.76%. The main board's total daily turnover was HK$98.8 billion.  Rating agency Moody's lowered the outlook for China's sovereign credit rating from "stable" to "negative" for the first time in more than seven years. The news did not cause Hong Kong stocks to plummet and is expected to have little impact on the market. As for the future trend of Hong Kong stocks, you can refer to the distribution chart of the Hang Seng Index Bull and Bear Contracts. There are still many bull contracts with call prices between 16,000 and 16,299 points. Compared with the number of futures index contracts, there are more than 2,000. This reflects that ...

Hong Kong stocks rose first and then fell, reaching their lowest level this year. After rising above 100 points in the early stage, the Hang Seng Index was capped at the 17,000-point mark and repeatedly searched for the bottom. It fell as much as 213 points in late trading to a new low of 16,617 points this year. It closed at 16,646 points, down 184 points or 1.1%. The technology index closed at 3,759 points, down 71 points or 1.86%. The main board's total trading volume for the whole day was HK$106.3 billion.  The Hang Seng Index has fallen within the large rising gap in November last year (16,138 to 16,829). It is expected to cover part of the gap and may rebound. It should stay at 16,800 points. Otherwise, the selling pressure will not subside, and last year's low of 14,597 points may be tested again.  The investment sentiment is sluggish, and we can only hope that Hong Kong stocks will have the opportunity to window-dress at the end of the year. According to the past patte...

Hong Kong stocks fell again in December. The Hang Seng Index opened 23 points lower and then encountered the resistance of 17,000 points. It repeatedly bottomed out in the afternoon and closed at an all-day low of 16,830 points, setting another new low in more than a year, down 212 points or 1.24%. The technology index closed at 3,830 points, down 68 points or 1.76%. The main board's total daily turnover was HK$114.2 billion, exceeding HK$100 billion for the third consecutive day.  The latest data from the United States showed that the economy and inflation continued to cool, the market's expectations for an interest rate cut next year increased, and global market risk appetite increased. The U.S. stock market outlook remained favorable, with the Dow Jones Industrial Average closing up more than 500 points overnight. However, the Hong Kong stock market continues to be weak. Although the Hang Seng Index is expected to stabilize after falling to 16,800 points, the market is still...