Investment

Hong Kong stocks saw a tug-of-war on the last trading day in February. The Hang Seng Index opened 107 points lower and then rebounded, rising 158 points to a high of 16,695 points. It closed at 16,511 points, down 25 points or 0.15%. The Technology Index closed at 3,431 points, up 4 points or 0.14%, and the main board turnover was HK$130.3 billion.  The Hang Seng Index rose 1,026 points in February, an increase of 6.6%. The technology index rose 14%.  The market sentiment has improved significantly recently, with overall trading volume rising and the index also rebounding from lows, reflecting that funds have re-entered the market. In addition to ZTE concept stocks, individual performance-related stocks also experienced breakthroughs, which also boosted investor confidence. On the other hand, the market is still paying attention to external economic data, especially the upcoming US inflation data, to speculate on when the interest rate cut schedule will be implemented. At the ...

Hong Kong stocks retreated on the futures settlement day. The Hang Seng Index opened 42 points higher and then remained mixed. Selling pressure intensified in the afternoon and closed at 16,536 points, down 253 points or 1.51%. The Technology Index closed at 3,426 points, down 76 points or 2.19%. The main board's total daily turnover was HK$107 billion.  Thanks to the mainland's continuous efforts to save the market, the Chinese and Hong Kong stock markets rebounded significantly after entering the Year of the Dragon. Hong Kong stocks have accumulated a lot of gains in the short term. The Hang Seng Index rebounded from 14,700 points at the end of last month, but it has always been constrained by the 100-DMA (16,741), and there is limited room for further gains in the short term. Technically, the RSI of the Hang Seng Index on the 14 has also entered the overbought level. Beware that after the futures settlement date, the index may undergo short-term adjustments and may have the ...

Hong Kong stocks fell first and then rose, hitting a new closing high this year. The Hang Seng Index opened 10 points higher and then repeatedly weakened, falling as much as 181 points to a low of 16,453 points. Afterwards, there were buying orders, and the gains expanded in late trading, closing at 16,790 points, up 156 points or 0.94%. The technology index closed at 3,503 points, up 109 points or 3.24%. The main board's total trading volume for the whole day was HK$102.6 billion.  After a sharp rise, U.S. stocks have been trading at high levels recently, with the market waiting to see what the latest economic data will reveal about the timing of the Federal Reserve's interest rate cut. As for Hong Kong stocks, the impact of the trend of US stocks is limited, and the market outlook is still mainly dominated by mainland policies. In terms of trend, after many attempts in recent days, the Hang Seng Index finally broke through the 100-DMA (16,749), but the trading volume is still...

The Hong Kong stock market opened 40 points lower and then rose for a while. However, it rose to 16,777 points and was unable to go higher. It then fell by more than 100 points and closed at 16,634 points, down 91 points or 0.54%. The technology index closed at 3,393 points, down 6 points or 0.19%. The main board's trading volume for the whole day was HK$83.5 billion.  Hong Kong stocks have risen for three consecutive weeks and once exceeded the 100-DMA (16,759). It is believed that the Hang Seng Index will consolidate near the 100-DMA in the short term. The biggest short-term resistance level for the market is the 100-DMA (17,358), but the view on the Hong Kong stock performance period is relatively cautious, because the mainland's economic performance in the fourth quarter of last year was not satisfactory, and corporate profit forecasts may be further reduced. The short-term support level is expected is the 50-DMA(16,165) level.  This week we need to pay attention to whethe...

Hong Kong stocks continued to be subject to the resistance of 17,000 points. The Hang Seng Index fell nearly 100 points in the early stage and then rose 152 points. It reached a high of 16,895 points and then fell back. It then consolidated at the 16,700 point level and closed at 16,725 points, down 17 points or 0.1%, three consecutive rising  cable broke after lifting. The technology index closed at 3,399 points, down 10 points or 0.3%. The main board's total daily turnover was HK$96 billion.  The Hang Seng Index rose another 385 points last week, an increase of 2.35%, and has risen for three consecutive weeks. The technology Index rose 57 points, or 1.7%.  The trend of the Hong Kong stock market improved in the Year of the Dragon. Last Friday, it broke through the short-term downtrend and once rose above the 100-DMA (16,767). Unfortunately, it failed to stabilize above and close. The short-term  is mainly based on the repeated rise and fall of the 100-DMA . If cons...

The Hong Kong stock market continued to rise. The Hang Seng Index opened 13 points lower and then moved up and down in a narrow range. The gains expanded in the afternoon and closed at the day's high of 16,742 points, up 239 points or 1.45%. The technology index closed at 3,410 points, up 58 points or 1.75%. The main board's total daily turnover was HK$100 billion.  The Hong Kong stock market maintained its upward trend after the Lunar New Year holiday. Yesterday, it once reached a level close to the 100-DMA (16,776), and the trading volume increased. The market has obviously turned around. In the short term, it can reach the 17,000 level, with the support level at 16,150. Since the mainland cut interest rates, the market still seems to be expecting more stimulus policies from the mainland. Even though the performance of heavyweight stocks did not bring much surprise, the market sentiment was not affected. In fact, the Hang Seng Index has accumulated a lot of losses since the b...

Hong Kong stocks remained strong yesterday. The Hang Seng Index fell over 100 points in the early stage and then rose. It rose up to 508 points and reached a high of 16,756 points. It accumulated more than 1,000 points of gains in the Year of the Dragon. After that, there was profit-taking and closed at 16,503 points, up 255 points or more. 1.57%. The technology index closed at 3,351 points, up 86 points or 2.66%. The main board's total trading volume for the whole day was HK$122.4 billion.  Hong Kong stocks performed well after the Lunar New Year holiday, but the Hang Seng Index will have short-term resistance at the 100-DMA (16,783). For the market outlook, we should also pay attention to the market's reaction to HSBC Holdings after the release of the list. If even the performance of banking stocks, the mother of all industries, fails to make the market take stock, it will be difficult for Hong Kong stocks to make further breakthroughs. The Hang Seng Index adjusts today, hopi...

Mainland's interest rate cut did not stimulate Hong Kong stocks. The Hang Seng Index opened 66 points higher and then ended the day at 16,247 points, up 91 points or 0.57%. The technology index closed at 3,264 points, up 11 points or 0.35%, with main board turnover of HK$76.9 billion.  The People's Bank of China lowered the market prime rate (LPR) for loans with maturities over five years, with the five-year loan interest rate falling from 4.20% to 3.95%, a larger-than-expected decrease. Although the news is positive for the stock market sentiment, the Hang Seng Index is at the top of the horizontal range in the past month, and there is considerable resistance above. The expected news cannot help the Hang Seng Index get rid of the low horizontal pattern. The market outlook may have the opportunity to try the 50-DMA (16,139) or below again. The market is expected to see a breakthrough only when the mainland has more fiscal strategies or economic stimulus measures.  European sto...

The return of Beishui failed to drive the trend of Hong Kong stocks, and the market rose on the 3rd of the Year of the Dragon. The Hang Seng Index continued to be under pressure after opening 5 points lower, falling as much as 202 points and reaching a low of 16,137 points. It closed at 16,155 points, down 184 points or 1.13%, holding on to the 50-DMA (16,141). The technology index closed at 3,253 points, down 89 points or 2.68%. The main board's total daily turnover was HK$82 billion.  The U.S. producer price index (PPI) and core PPI in January were both higher than expected, and the market expected the Federal Reserve to further postpone the interest rate cut schedule. However, Hong Kong stocks did not react much to external news. As for the mainland, the People's Bank of China kept the MLF interest rate unchanged over the weekend, but the market expects that the loan prime rate (LPR) will be announced today, and there is still room for downward adjustments. A-shares opened h...

The Hong Kong stock market entered the Year of the Dragon and maintained its upward trend, reaching the 16,000-point mark. The Hang Seng Index opened 62 points higher and fell for a time. Buying orders continued to enter the market, rising as much as 449 points in the afternoon and reaching a high of 16,394 points. It closed at 16,339 points, up 395 points or 2.48%. The technology index closed at 3,342 points, up 119 points or 3.71%. The main board's total daily turnover was HK$70.6 billion.  Hong Kong stocks rose in all three trading days last week, with the Hang Seng Index rising by 593 points or 3.76%; the technology Index rising by 215 points or 6.87%.  In the short term, the Hang Seng Index has just risen above the 50-DMA (16,150) and is close to the previous high resistance of 16,408 points. If it rises above, it can look towards the 100-DMA(16,828), but the resistance is quite large. The upward trajectory is 15,540 points, which is an important short-term support. The B...

The Hong Kong stock market entered the Year of the Dragon and rose for two days in a row, but was limited by the 16,000-point mark! The Hang Seng Index fell over 100 points in the early stage and found support at a low of 15,751 points. Later, it rose by 149 points and reached a high of 16,029 points. It stabilized within a narrow range in the afternoon and closed at 15,944 points, up 65 points or 0.41%. The technology index closed at 3,223 points, up 25 points or 0.79%. The main board's total daily turnover was HK$47 billion.  Due to the holiday, the overall trading volume of Hong Kong stocks is not active, and the market trend is not worthy of reference yet. The Hang Seng Index is expected to fluctuate between 15,200 and 16,200 points in the short term. We have to wait for the mainland to resume trading next week and there will be more economic data and policy news. Only then is there hope for a further upward breakthrough.  European stock markets performed well, with Britis...

Hong Kong stocks fell first and then rose on the first trading day of the Year of the Dragon. The Hang Seng Index opened 167 points lower and then fell as much as 290 points to a low of 15,456 points. It then gradually recovered its losses and closed at 15,879 points, up 132 points or 0.84%. The Technology Index closed at 3,197 points, up 70 points or 2.26%. The main board's turnover for the whole day was HK$57 billion.  Hong Kong stocks are expected to rebound in the short term, but it is not advisable to have too high expectations. The Hang Seng Index is expected to have support at the 20-DMA (15,691) and resistance at the 50-DMA(16,183) today. The outlook for the Hong Kong stock market will mainly depend on the resumption of the mainland stock market next week and the convening of the two sessions next month. The market expects that more measures to rescue the market and stimulate the economy may be introduced, which is expected to be beneficial to the market. Whether there is a...

Hong Kong stocks were only open for half a day on the closing day of the Year of the Rabbit. Investors were selling before the long holiday. After opening 168 points lower, the Hang Seng Index fell as much as 347 points to a low of 15,531 points. After that, there were buyers to take advantage of the low and closed at 15,746 points, down 131 points or 0.83%. The technology index closed at 3,127 points, down 41 points or 1.3%. The main board's total trading volume for the whole day was only HK$31.2 billion.  Investors in Hong Kong stocks were "trapped" in the Year of the Rabbit. The Hang Seng Index fell 6,298 points, or 28.5%, for the whole year, which was the worst performance in the Year of the Rabbit in history. The technology Index fell 1,441 points, or 31.5%.  The trend of Hong Kong stocks after he Lunar New Year holiday. Looking back on the performance of the past few years, Hong Kong stocks tend to reach short-term highs after the holidays and before the A-share mar...

Limited by the resistance of 16,000, the Hong Kong stock market opened 93 points lower and then fell repeatedly, falling as much as 260 points and as low as 15,821 points; it closed at 15,878 points, down 203 points or 1.26%. The technology index closed at 3,168 points, down 22 points or 0.69%. As the Spring Festival holiday approaches, the main board's full-day turnover shrank to HK$77.7 billion.  Expectations for interest rate cuts have cooled, and the performance of individual companies has disappointed the market, making investors more cautious about the macroeconomic outlook. The Hong Kong stock market lacks the momentum to continue its upward trend. It is expected that the Hang Seng Index will fluctuate between 15,500 and 16,500 points in the short term, leaving little room for further rebound.  European stock markets developed individually, with British stocks falling 0.44%, French and German stock markets rising 0.71% and 0.25% respectively.  The U.S. job market w...

Hong Kong stocks rose first and then fell. The Hang Seng Index opened 145 points higher and rose as much as 271 points. It reached a high of 16,408 points before turning back. It fell 101 points in late trading and closed at 16,081 points, down 54 points or 0.34%. The technology index closed at 3,190 points, down 53 points or 1.64%. The main board's total trading volume for the whole day was HK$103.6 billion.  The technical trend of the Hang Seng Index seems to be improving, and it has now returned to the central axis of the Bollinger Channel. There is a chance that the Hang Seng Index will rise or fall in the range of 15,000 to 16,500 points in the short term. We still need to pay attention to two major factors in the market outlook. Once the Shanghai Composite Index falls below 2,700 points again, the mainland may increase its efforts to rescue the market. In addition, it is not advisable to lose the 20-DMA (15,754) of HSI. If it loses, it means that the trend will turn negative ...

Looking forward to the mainland's successive moves to rescue the market, Hong Kong stocks have done significantly better following the A-shares. The Hang Seng Index opened 31 points higher and continued to rise, breaking through the 16,000-point mark in the afternoon and closing at 16,136 points, up 626 points or 4.04%. The technology index closed at 3,243 points, up 204 points or 6.75%. The main board's total daily turnover was HK$128 billion.  The People's Bank of China's reserve requirement ratio cut officially came into effect a few days ago. However, as the end of the Lunar New Year approaches and monetary conditions are tight, and the market has already reflected the relevant good news, it is believed that it will have a limited stimulating effect on the economy and stock market. Although Hong Kong stocks rebounded by more than 300 points yesterday, market expectations for an interest rate cut in March continued to cool down, and Federal Reserve Chairman Powell al...

The Hong Kong stock market opened 196 points lower and then struggled. The Hang Seng Index fell by nearly 200 points at most, hitting a low of 15,336 points and then rising briefly. It closed at 15,510 points, down 23 points or 0.15%. The Technology Index closed at 3,038 points, down 5 points or 0.17%. The main board's turnover for the whole day was HK$94.7 billion.  The strong employment data in the United States last month continued to cool expectations of interest rate cuts, but at the same time strengthened the market's confidence in the economic prospects. Last Friday (2nd), the Dow Jones Industrial Average and the S&P 500 Index both reached their peaks. However, the recent trend of the mainland stock market has been volatile, and the Hong Kong stock market has also followed suit. It is believed that only when there is significant capital inflow can the stock markets of the two places be expected to change their weakness. In fact, the Lunar New Year is approaching, whi...

Hong Kong stocks rebounded by more than 300 points in the early session, but were hampered by resistance at the 16,000  barrier and the market ended in decline. The Hang Seng Index opened 189 points higher and rose as much as 346 points. It reached a high of 15,912 points and then fell repeatedly. It fell 130 points in the afternoon and hit a low of 15,435 points. It closed at 15,533 points, down 32 points or 0.21%. The technology index closed at 3,043 points, down 22 points or 0.72%. The main board's total trading volume for the whole day was HK$103.1 billion.  The Hang Seng Index fell 418 points, or 2.45%, for the week. The technology index fell 142 points, or 3.77%, for the week.  The Hong Kong stock market is currently mainly affected by the mainland market. Last week, news broke that mainland China's RMB 2 trillion stabilization fund had entered the market, which led to a rebound in the Hang Seng Index, but it was unsustainable thereafter. Amid the weakness of A-shar...

After a brutal January, Hong Kong stocks stabilized for the first time in February. The Hang Seng Index once rose 320 points, reaching a high of 15,805 points before retreating, closing at 15,566 points, up 81 points or 0.52%. The technology index closed at 3,065 points, up 60 points or 2%. The main board's total daily turnover was HK$94.9 billion.  The U.S. Federal Reserve kept interest rates unchanged, and Chairman Powell said there was little chance of a rate cut in March. As the performance of most companies slowed down significantly in the third and fourth quarters of last year, investors are more cautious about this year's profit prospects. In addition, the market's main focus is on mainland policy news, and the interest rate environment has little impact on Hong Kong stocks. It is expected that the Hong Kong stock market will continue to rebound today, but there will not be any big breakthrough in the short term. It is hoped that it can return to the 10-DMA (15,652)....