Investment

Hong Kong stocks ended in decline on the last trading day of January! The Hang Seng Index rose 40 points in the early stage, but was later dragged down by technology stocks and fell as much as 291 points to a low of 15,411 points. It closed at 15,485 points, down 218 points or 1.39%. The technology index once fell below the 3,000-point mark, hitting a 15-month low, and closed at 3,005 points, down 93 points or 3%. The main board's total daily turnover was HK$98.8 billion.  To summarize January, the Hang Seng Index had its worst January performance in eight years, falling 1,562 points or 9.16% throughout the month. The technology Index suffered a minor stock market crash, falling 758 points or 20% for the whole month.  Although China's manufacturing PMI rebounded on a monthly basis in January, it is still at a contraction level, which will put some pressure on Hong Kong stocks. We should also pay attention to the internal affairs incident. After Evergrande was ordered to liquid...

Hong Kong stocks fell below 16,000 again on the futures settlement day! After opening 180 points lower, the Hang Seng Index expanded its losses, falling as much as 422 points to a low of 15,654 points. It closed at 15,703 points, down 373 points or 2.32%. The technology index closed at 3,098 points, down 104 points or 3.27%. The main board's total daily turnover was HK$94.8 billion .  The retreat in Hong Kong stocks reflects the market's belief that the earlier rescue measures were insufficient. Although the Hang Seng Index stayed close to the 10-DMA (15,614) yesterday , unless there are further measures or monetary policies that surprise the market in the short term, the weakness of the Hong Kong stock market will continue, and there is a high chance that it will fall back to the 15,000 level, or even test the previous 14,597 points  as  support position.  European stock markets have stabilized. Although the Eurozone economy avoided recession last quarter, the econo...

Hong Kong stocks hit the level of 16,000  and the transaction level was close to 100 billion . After opening 94 points higher, the Hang Seng Index rose as much as 306 points to a high of 16,258 points. It fell back repeatedly in the afternoon and closed at 16,077 points, up 125 points or 0.78%. The technology index closed at 3,203 points, up 17 points or 0.54%. The main board's total daily turnover was HK$100.1 billion.  After the Hong Kong stock market surged from a low to 16,200 points last week, it is in a sideways consolidation pattern, and its upward momentum has weakened. However, it is expected to have support at the 10-DMA (15,630). We hope that there will be more good news in the market. If the Hang Seng Index can break through the 50-DMA (16,550) level, it is expected to truly reverse the past round of decline.  European stock markets developed individually, with French stocks closing up 0.09%, British stocks and German stocks falling 0.03% and 0.12%.  The ...

Last Friday, Hong Kong stocks retreated after rising for three days in a row. The Hang Seng Index opened 53 points lower and then rose once. It crossed the 16,000 level in the afternoon, falling as much as 323 points and as low as 15,888 points. It closed at 15,952 points, down 259 points or 1.6%. . The technology index closed at 3,186 points, down 124 points or 3.75%. The main board's total daily turnover reached HK$131.6 billion, exceeding HK$100 billion for the fifth consecutive day.  Hong Kong stocks fell first and then rebounded last week, but unfortunately failed to stabilize the 16,000 level. They rose 643 points or 4.2% for the whole week; the technology index rose 56 points or 1.79%.  The mainland has taken a multi-pronged approach to rescue the market, including the establishment of a RMB 2 trillion stock market stabilization fund. It still needs to wait and see the implementation of relevant measures. The mainland economy is still facing three major difficulties, in...

After a tug-of-war in the early days, Hong Kong stocks finally rose above the 16,000 level. The Hang Seng Index closed at 16,211 points for the day, up 312 points or 1.96%. The Technology Index closed at 3,310 points for the day, up 29 points or 0.9%, and the main board turnover was HK$132 billion.  The Mainland has launched a series of rescue measures. Although investors are still observing the actual strength of the relevant policies, the market sentiment has improved significantly. The Hang Seng Index closed just at the 20-DMA (16,211) yesterday, rising 938 points or 6.27% in two consecutive days. Today or There is adjustment, material 10-DMA (15,613) support. It is expected that there is still room for the market to rebound further, especially the sluggish valuations of Chinese stocks. If the macroeconomic and corporate profit prospects are expected to improve, there is room for recovery in the valuations of related stocks. In terms of trend, the Hang Seng Index may test the 50...

The People's Bank of China announced that it will lower the deposit reserve ratio by 0.5 percentage points on February 5 to provide the market with long-term liquidity of approximately 1 trillion yuan. In response, Hong Kong stocks surged by more than 600 points in late trading, approaching the 16,000-point mark, closing at 15,899 points, up 545 points or 3.55%, and a total of 938 points in two consecutive days. The technology index closed at 3,281 points, up 133 points or 4.24%. The main board's total daily turnover was HK$128.8 billion, exceeding HK$100 billion for the third consecutive day.  The news that the Mainland has rescued the market has been positive for the Hong Kong stock market, but the rescue efforts may not be enough. Without significant improvement in the Mainland economy, the rebound of the Hong Kong stock market may not be sustainable. The Hang Seng Index has reached the 20-DMA (16,133) on the central axis of the Bollinger Band. There is some resistance.  Eu...

The Hang Seng Index soared 555 points, reaching a high of 15,516 points; it closed at 15,353 points, up 392 points or 2.62%. The technology index closed at 3,147 points, up 112 points or 3.7%. The main board's total daily turnover was HK$124 billion.  It is rumored that the mainland is considering "pumping water" to rescue the market with RMB 2 trillion, which has stimulated a significant rebound in Hong Kong stocks. Although the Hang Seng Index has gradually risen from the low of 14,794 points the day before yesterday, it has not yet officially escaped from danger because the Hang Seng Index is still repeatedly below all moving averages. Unless the market outlook pushes up further and returns to above the 10-DMA (15,701), there will be an initial respite. Mainland economic data has not shown a significant improvement, and it is believed that Hong Kong stocks will hardly rebound in the same way. The Hang Seng Index is currently hovering above 15,000 points. It is expected...

出兵侵占东北与血洗海兰泡和江东六十四屯 张旋如/黎光        一、帝俄蓄意发动侵占我国东北的战争  　　伟大的革命导师列宁指出：“它们盗窃中国，就象盗窃死人的财物一样，一旦这个假死人试图反抗，它们就象野兽一样猛扑到他身上。”（《中国的战争》）正如列宁指出那样，帝俄不仅是偷偷摸摸的窃贼，又是象野兽一样的明伙执仗的强盗。在1900年帝国主义发动的侵华战争中，帝俄是八国联军中血腥镇压义和团运动的元凶，又是单独出兵侵略我国东北的强盗。  　　伺机吞并我国东北，是沙皇政府的既定国策，是“狂妄的政策”、“冒险政策”，是“犯罪的政策”。（《中国的战争》）在义和团的革命风暴刚刚席卷京津，波及东北的时候，帝俄财政大臣维特同陆军大臣库罗巴特金就对华政策曾进行过密商。当时，库罗巴特金露骨地叫嚷：“这将给我们一个占据满洲的借口”，“我们将把满洲变成第二个布哈拉”。<《维特伯爵回忆录》。>维特比库罗巴特金更狡猾一些。他认为“不要激怒中国人，才好保持我们在满洲的地位。”<《维特伯爵回忆录》。>不愿意一下子撕去“友好”的假面具，不愿意过早地采取不加掩饰的战争形式。正如帝俄的一个皇族英加雷切夫公开表露的那样：“我们希望西比（伯）利亚铁路之建筑，不为所阻，在十年或二十年以后，满洲将如已熟之果，落在我们手中。”<瓦德西：《拳匪笔记》，八月二十六日之报告。>沙皇政府由于不希望即将竣工的中东铁路受到影响，打乱它的“和平”侵略计划，曾千方百计通过外交途径、或采取贿买清政府上层统治阶级的办法，制止义和团运动在东北地区的发展。维特于1900年6月26日，曾电告伺机重掌清廷中枢大权的老卖国贼、两广总督李鸿章：如果“能使满洲的中国官厅维持地方秩序，并能设法保护北京使馆及俄国侨民，则俄国决不对华宣战”。同时，维特还假惺惺地命令中东铁路总工程师茹格维志借款给东三省，每省十万两，作为一种“友好”礼物。并说：“如果他们能使地方不致发生反对铁路及其员工的乱事，如果乱事起后他们能立刻制止，则此后当有新的报酬。”<罗曼诺夫著，民耿译：《帝俄侵略满洲史》，第211页。>可是，这种如意算盘，不是维特所能拨弄得了的，义和团运动在东北的反帝斗争，也决不是帝俄勾结清朝上层统治阶级所能阻止得了的。在义和团运动的革命铁拳打击下，维特...

Hong Kong stocks continue to find bottoms. After falling below 16,000 points last week, they fell below 15,000 points at the beginning of this week. Since the beginning of 2024, the Hang Seng Index has fallen for three consecutive weeks, falling by 2,086 points, or more than 12%. Yesterday morning, the Hang Seng Index opened 40 points higher, reaching a high of 15,362 points and then turned downward. At about 11:30, it fell sharply by 334 points, reaching a low of 14,974 points. It fell 514 points in the afternoon and closed at 14,961 points, down 347 points or 2.27%,  at 14-month low.  The HS technology index closed at 3,035 points, down 94 points or 3.02%. The main board's total trading volume for the whole day was HK$112.1 billion.  China's 1-year and 5-year loan prime rates (LPR) announced yesterday remained unchanged. Expectations for an interest rate cut were once again disappointed, affecting the market sentiment. The Hang Seng Index fell below the 15,000-point psy...

Hong Kong stocks rose above 15,500 points in the early morning and were unable to go higher. Selling pressure reappeared in the afternoon on the Hang Seng Index, which fell as much as 183 points and as low as 15,207 points. It closed at 15,308 points, down 83 points or 0.54%. The technology index closed at 3,129 points, down 46 points or 1.45%. The main board's total daily turnover was HK$96.8 billion.  The Hang Seng Index hit another 14-month low last week, falling 935 points or 5.75% for the whole week; the HS Tech index fell 340 points or 9.8%.  Hong Kong stocks have continued to be weak in recent days. Although the Hang Seng Index has stabilized after a sharp decline, the resistance above 15,900 to 16,000 points is not light, and there is not much room for rebound. After the break, there is still a chance to continue to find the bottom. In fact, the mainland is facing shrinking demographic dividend, high debt, and deepening concerns about deflation. The People's Bank of Ch...

The Hong Kong stock market fell to the 15,000 level and was on the verge of finding support. The Hang Seng Index opened 24 points higher and then fell nearly 100 points to a low of 15,183 points. However, in the afternoon, there were rumors that the "national team" had entered the market, and A-shares managed to hold back and rose, driving the Hang Seng Index to rebound in late trading. , and ended four consecutive losses, closing up 114 points or 0.75% for the whole day, at 15,391 points. The technology index closed at 3,176 points, up 16 points or 0.51%. Main Board I’s total daily turnover was HK$107.3 billion.  As expected, the Hang Seng Index rebounded yesterday due to severe oversold conditions. It is normal for the market to have a technical rebound after falling for many days in a row, and there may be a chance of a rebound to 16,000 points in the short term. The view on the market outlook is still relatively cautious and pessimistic, because the key at present is stil...

After Hong Kong stocks fell below 16,000 on Tuesday (16th), selling pressure intensified significantly yesterday. The Hang Seng Index opened 101 points lower and continued to find the bottom, falling as much as 670 points to 15,194 points, setting a new 14-month low. It closed at 15,276 points, down 589 points or 3.71%. The Hang Seng Index entered 2024 and fell by 1,852 points, a drop of more than 10%. The technology index closed at 3,160 points, down 165 points or 4.99%, underperforming the market. The main board's full-day trading volume increased to HK$130.5 billion.  The U.S. interest rate cut schedule may not be as fast as earlier expected. U.S. stocks have been under pressure from recent highs, which is expected to drag down the sentiment of Hong Kong stocks. The mainland recently announced that investment in real estate development fell by 9.6% last year, reflecting that the property market has not yet improved, which is believed to further dampen investor confidence. Althou...

The Hong Kong stock market opened 186 points lower and repeatedly searched for the bottom. Before noon, it finally fell below the 16,000 point mark. In the afternoon, it fell as much as 381 points, reaching a low of 15,834 points, a new low since early November 2022. It closed at 15,865 points, down 350 points or 2.16%.  The Hang Seng Index entered 2024 with a total loss of 1,181 points, a decrease of 6.92%. The technology index closed at 3,325 points, down 78 points or 2.29%. The main board's total daily turnover was HK$84.4 billion.  The market is looking forward to the mainland's introduction of measures to stimulate the economy, but no relevant news has been released yet. The Hong Kong economy is also facing difficulties, which affects investors' willingness to enter the market. In addition, the U.S. stock market has already accumulated a lot of gains in the past, and there is pressure for adjustment in the short term, which may further drag down the performance of Hong...

Hong Kong stocks were mixed in the early hours yesterday. The Hang Seng Index fell 140 points in the early hours and found support as low as 16,100 points. It once rebounded 90 points to 16,334 points. It traded at 16,200 points in the afternoon and closed at 16,216 points, down 28 points or 0.17. %. The technology index closed at 3,404 points, down 66 points or 1.92%. The main board's full-day turnover was HK$71 billion.  The People's Bank of China announced on Monday (15th) that the interest rate of the medium-term lending facility (MLF) would remain unchanged, which exceeded market expectations. In addition, the market is also paying attention to the Mainland's announcement this week of important economic data such as GDP for the fourth quarter of last year, which is believed to have an impact on the direction of the market. In fact, Hong Kong stocks have continued to fall this year and are still in the range of 15,900 to 17,000 points. The market bottom is quite weak an...

Hong Kong stocks lacked direction after ending seven consecutive losses. The Hang Seng Index fell over 100 points in the early stage and then rebounded by 91 points. It reached a high of 16,393 points and encountered resistance again. Selling pressure intensified in the late trading, closing at 16,244 points, down 57 points or 0.35%. The technology index closed at 3,470 points, down 32 points or 0.92%. The main board's full-day trading volume shrank to HK$69.4 billion.  The Hang Seng Index fell a total of 290 points, or 1.75%, for the whole week; the Stock Exchange Index fell a total of 121 points, or 3.36%.  Hong Kong stocks fell for seven consecutive days at the start of this year. Although many heavyweight blue chips have temporarily stabilized, Chinese technology stocks are still weak and dragging down the market, with the Hang Seng Index barely holding on to the 16,000 level. If the Hang Seng Index falls below last month's low of 15,972 points, the market outlook will con...

Hong Kong stocks finally rebounded after falling for seven days in a row. The Hang Seng Index opened 56 points higher and then expanded its gains, rising up to 362 points to a high of 16,459 points. It closed at 16,302 points, up 204 points or 1.27%. The technology index closed at 3,503 points, up 74 points or 2.18%. The main board's total daily turnover was HK$93.7 billion.  The market's expectations for a U.S. interest rate cut have cooled, and U.S. bond interest rates have regained strength, bringing adjustment pressure to the stock market. However, the overall correction is not large. It is believed that U.S. stocks will maintain a pattern of large gains and small retreats. As for the Hong Kong stock market, which has been languishing recently, the market is still worried about the mainland's economic prospects and corporate profits. Therefore, it is difficult for the market to rebound significantly in the short term following the external market. The Hang Seng Index is...

Hong Kong stocks fell for the 7th day in a row, falling 948 points, but fortunately still managed to hold the 16,000 level. The Hang Seng Index fell 151 points in the early stage, reaching a low of 16,038 points and then rose 57 points. However, it lacked elasticity and fell again in an instant. It closed at 16,097 points, down 92 points or 0.57%. The technology index closed at 3,428 points, down 26 points or 0.76%. The total transaction volume on the main board was HK$74.5 billion.  The rebound in the U.S. 10-year bond interest rate and the filing of bankruptcy liquidation by Zhongzhi Group, one of the mainland's largest asset management companies, are both negative for the stock market. The data from the CBBC outstanding distribution map shows that the current CBBC outstanding heavy  area is between 15,900 and 15,999 points. It is believed that the market outlook has the opportunity to fall below 16,000 points, break the previous low of 15,972 points, and fall back to the pr...

The Hong Kong stock market rebounded weakly. After opening 31 points higher, the Hang Seng Index rose by as much as 190 points. After reaching a high of 16,414 points, it turned around and fell back. It closed at the day's low of 16,190 points, down 34 points or 0.21%, falling for the sixth consecutive day. The technology index closed at 3,454 points, down 30 points or 0.87%. The main board's total daily turnover was HK$81.9 billion.  Zhongzhi Group, the mainland's largest private asset management company, declared bankruptcy due to debts of more than 420 billion RMB. The outside world described it as a replica of the "Lehman incident". The incident may affect financial stability and reflect the operating difficulties faced by mainland enterprises. Even if the market expects that the U.S. Federal Reserve will cut interest rates this year and external stock markets are strong, it is difficult for China and Hong Kong stock markets to rebound similarly. In terms of t...

The Hang Seng Index rebounded weakly after opening higher and fell 390 points to a low of 16,144 points. It closed at 16,224 points, down 310 points or 1.88%. The technology index closed at 3,484 points, down 107 points or 2.99%, hitting its lowest level in more than a year. The main board's total daily turnover was HK$84.4 billion.  Hong Kong stocks have already fallen for 5 days since 2024, with the Hang Seng Index falling 822 points or 4.82%, setting the longest early-year decline since 1998! Yesterday it fell below the previous week's low of 16,439 points. Unless it can hold the 16,000 mark today and return to the 17,000 level in the market outlook, the wave-lower trend will continue. After falling below the previous low of 15,972 points, there is a chance that it will fall back to the pre-return level (15,196), and may even test last year's low of 14,597 points again, which means that the Hong Kong stock market will regain its price-to-earnings ratio of 7.3 times.  The...

Hong Kong stocks were struggling. The Hang Seng Index fell nearly 200 points in the early morning. However, it fell below 16,500 points and found support. It once rose by 100 points. Selling pressure reappeared in the afternoon and closed at 16,535 points, down 110 points or 0.66%. January started with consecutive fell for 4 days. The technology index closed at 3,592 points, down 62 points or 1.71%. The main board transaction volume was HK$81.8 billion, and the net buying volume of the Hong Kong Stock Connect was HK$1.606 billion.  There were only 4 trading days last week, and the Hang Seng Index fell by 512 points, or 3%; the technology index fell by 172 points, or 4.5%. The Hang Seng Index rebounded to 22,700 points in January last year and peaked. It fell to 15,972 points last month and was close to the bottom of the downward channel before rebounding. However, it has been restricted to 17,000 points in the past two weeks. The declining 100-DMA (17,508) is an important short-ter...

Hong Kong stocks will rebound weakly in 2024. The Hang Seng Index opened 26 points higher at 16,673 points and briefly hit an intraday high. Then it quickly turned lower. Fortunately, it fell less than 1 point for the whole day to 16,645 points, falling for the third consecutive day. The Technology Index rose 8 points or 0.23% to 3,654 points. , the main board turnover was HK$70.3 billion.  The trend of Hong Kong stocks is still weak entering 2024. The market is paying attention to the mainland's economic performance and corporate profit prospects, and there is no sign of reversal yet. However, as the Hong Kong stock market has retreated to a certain extent, there is little chance that the Hang Seng Index will bottom out again. The 16,000-point level has good support, but it lacks upward momentum after rising above 17,000 points. It is expected to remain in a range-bound pattern. We must wait for the introduction of strong and powerful policies to restore market confidence. The cen...

Hong Kong stocks fell for two consecutive days. The Hang Seng Index opened 163 points lower at 16,624 points and then continued its decline. It once fell 223 points to a low of 16,564 points. It fell 142 points or 0.85% for the whole day to 16,646 points; the technology index underperformed, falling 68 points. or 1.84%, at 3,646 points, with main board turnover of HK$79.2 billion.  Entering the new year, Hong Kong stocks continue to be weak. The Hang Seng Index is hovering along the central axis of the Bollinger Channel and near the 20-DMA (16,549), and trading continues to be quiet, reflecting a lack of confidence in capital entering the market and the market bottom is still weak. It is not ruled out that the Hang Seng Index will fall below the 16,000 level, and the market outlook may have a chance to fall back to the pre-return level (15,196), or even test the low of 14,597 points last year again, which means that the Hong Kong stock market will once again see a price-to-earnings...

Hong Kong stocks rose first and then recovered on the first trading day of 2024, closing below 17,000 points. The Hang Seng Index opened 87 points higher at 17,135 points and briefly reached an intraday high. Then it quickly turned lower, falling as much as 322 points to 16,725 points. It fell 258 points or 1.52% for the whole day to 16,788 points; the Technology Index fell 49 points or 1.32%. It was quoted at 3,714 points. Main board turnover was HK$76.6 billion.  The market is looking forward to the U.S. Federal Reserve cutting interest rates this year, but related factors may have been reflected in the performance of U.S. stocks to a certain extent. In addition, Hong Kong stocks have not benefited much, and the mainland's economic momentum is lacking. The market is conservative in the economic prospects of China and Hong Kong, and funds The attitude towards entering the market is cautious, and Hong Kong stocks are still hovering at low levels. Although the current valuation of t...

The last trading day of Hong Kong stocks in 2023 was very weak and the market closed just shy of 17,000. After the Hang Seng Index opened 22 points higher, it rose as much as 51 points to reach a high of 17,095 points. Afterwards, the market's upward trend was unsustainable and fell as much as 93 points to 16,950 points. It finally closed at 17,047 points, up 3 points; the tech index did not rise or fall, closing at 3,764 points. The main board transaction volume exceeded HK$75.1 billion.  In one year, the Hang Seng Index has fallen by 2,734 points or 13.8%. It has fallen for four consecutive years, the longest falling wave in history. It has fallen by more than 10% for three consecutive years, which is the first time since 2000 to 2002. The tech  index fell 364 points or 8.8%. On a quarterly basis, the Hang Seng Index fell 762 points, or 4.3%; the tech index fell 156 points, or 4%, falling for three consecutive quarters.  The mainland stock market rebounded, the U.S. dol...