Investment 26/1/2024

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-DMA (16,619) to the 100-DMA (17,160) level in the marke outlook. 


European stock markets rose across the board, with British stocks rising 0.03%, French stocks closing 0.11% higher, and German stocks rising 0.1%.


 The U.S. economy grew strongly last quarter, increasing the chances- of a soft landing for the economy and offsetting the lackluster performance of individual U.S. companies. U.S. stocks performed well on Thursday, with the Dow Jones Industrial Average closing up more than 200 points. It hit a record closing high 5 times. After the Dow opened 56 points higher, the gain has expanded to more than 200 points. It once fell slightly by 9 points in the middle, but started again from a low point and closed close to the highest level of the day, at 38,049 points, up 242 points or 0.64%; It rose 25 points or 0.53% to 4,894 points; the Nasdaq rose another 28 points or 0.18%, also rising for 6 consecutive days, to 15,510 points.


 The U.S. dollar index rose up to 0.43% to 103.68; the Japanese yen rose 0.28% repeatedly to 147.09 per dollar; European Central Bank President Lagarde said it was too early to discuss interest rate cuts, and the Euro still fell 0.59% to $1.0823. . 

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Investment 24/4/2026

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