Investment 22/2/2024

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, hoping to maintain the support of the 20-DMA (15,910). 

European stock markets developed individually, with the British stock market falling 0.73%, and French and German stocks both rising by about 0.2%.

 U.S. stocks showed individual trends on Wednesday. After the Dow opened 80 points lower, the decline expanded to 225 points at the end, reaching a low of 38,338 points. However, in less than an hour, it quickly rose from the low level, rising by up to 54 points; the S&P 500 index once fell by 0.59%. , also turned higher at the end; the Nasdaq, which is dominated by technology stocks, once fell 1.15%. 

At the close of the U.S. market, the Dow Jones Industrial Average rose 48 points, or 0.13%, to 38,612 points; the S&P Index rebounded 6 points, or 0.13%, to 4,981 points; the Nasdaq fell 50 points, or 0.32%, to 15,580 points, marking its third consecutive day of losses. 

 The most important stock on earth, chip manufacturer Nvidia, announced its fourth quarter results after the U.S. stock market closed on Wednesday. Net profit recorded US$12.29 billion, an increase of 7.7 times year-on-year, better than market expectations of US$10.34 billion. After the market The stock price temporarily rose 6.1% to US$715.71 during the extended trading session; however, it closed down 2.9% to US$674.72 throughout the day.

 The U.S. exchange rate index once fell 0.13% to 103.94; the Japanese yen repeatedly weakened, once as low as 150.41 per dollar, down 0.27%; the Euro rose for days, rising another 0.17% to $1.0827; the pound fell 0.16% to $1.2603.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, hoping to maintain the support of the 20-DMA (15,910). 

European stock markets developed individually, with the British stock market falling 0.73%, and French and German stocks both rising by about 0.2%.

 U.S. stocks showed individual trends on Wednesday. After the Dow opened 80 points lower, the decline expanded to 225 points at the end, reaching a low of 38,338 points. However, in less than an hour, it quickly rose from the low level, rising by up to 54 points; the S&P 500 index once fell by 0.59%. , also turned higher at the end; the Nasdaq, which is dominated by technology stocks, once fell 1.15%. 

At the close of the U.S. market, the Dow Jones Industrial Average rose 48 points, or 0.13%, to 38,612 points; the S&P Index rebounded 6 points, or 0.13%, to 4,981 points; the Nasdaq fell 50 points, or 0.32%, to 15,580 points, marking its third consecutive day of losses. 

 The most important stock on earth, chip manufacturer Nvidia, announced its fourth quarter results after the U.S. stock market closed on Wednesday. Net profit recorded US$12.29 billion, an increase of 7.7 times year-on-year, better than market expectations of US$10.34 billion. After the market The stock price temporarily rose 6.1% to US$715.71 during the extended trading session; however, it closed down 2.9% to US$674.72 throughout the day.

 The U.S. exchange rate index once fell 0.13% to 103.94; the Japanese yen repeatedly weakened, once as low as 150.41 per dollar, down 0.27%; the Euro rose for days, rising another 0.17% to $1.0827; the pound fell 0.16% to $1.2603.