Investment 19/12/2023

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 U.S. bond interest rates fell, both of which have a positive impact on market sentiment. However, there are still no signs of foreign capital flowing into Hong Kong stocks. In the rest of this year, due to the window dressing effect and the cooperation of transactions, Hong Kong stocks may be expected to reach the 50-DMA (17,410). However, further breakthroughs will require the support of more news to stimulate the economy from the mainland. 


The U.S. dollar index once fell 0.17% to 102.377, the Euro rose 0.33% to $1.0931, and the Japanese yen fell as much as 0.71% to 143.16 per dollar. 


European stock markets developed individually, with British stocks rising 0.5%, while French and German stocks fell 0.37% and 0.6% respectively. 


Goldman Sachs and Morgan Stanley both sang good news about the outlook for U.S. stocks, but central bank officials continued to downplay market expectations of interest rate cuts. The Dow Jones Industrial Average fell within a narrow range on Monday. After opening 24 points higher, the increase once expanded to 88 points, reaching a high of 37,393 points, and then fell repeatedly. Stay stable; the S&P 500 index rose 0.64%, less than 2% from the historical record, and the Nasdaq rose 0.84% at most. 


At the close of the U.S. market, the Dow Jones Industrial Average rose less than 1 point to 37,306 points; the S&P 500 rose 21 points, or 0.45%, to 4,740 points; and the Nasdaq rose 90 points, or 0.61%, to 14,904 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