Investment 30/1/2024

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 market is waiting to see the outcome of this week's Federal Reserve interest rate meeting, as well as the performance of many blockbuster technology stocks. U.S. stocks were in a narrow range in the early and middle stages of Monday, but then turned upward in the late stages. The Dow Jones Industrial Average closed higher by more than 200 points, earning the same gains as the S&P 500. After reaching its sixth all-time high, the Nasdaq rebounded by more than 1%. After opening slightly higher by 6 points, the Dow rose as much as 234 points to a high of 38,343 points. It still closed up 224 points, or 0.59%, at 38,333 points; the S&P 500 rose 36 points, or 0.76%, to 4,927 points; the Nasdaq rose 172 points. or 1.12%, at 15,628 points. 


The U.S. dollar index rose up to 0.38% to 103.82; the Japanese yen once rebounded 0.61% to 147.26 per dollar; the market was fully betting that the European Central Bank would start cutting interest rates in April, and the Euro once fell 0.54% to $1.0796. 

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Investment 24/4/2026

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