Investment 28/2/2024

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 quiet, and it may not be able to break through again in the short term. The 150-DMA (17,343) is a big resistance.


 European stock markets developed individually, with French and German stock markets rising 0.23% and 0.76% respectively, while the British stock market fell slightly by 0.02%. 


The latest economic data released by the United States was not good, and U.S. stocks lacked direction on Tuesday. The Dow opened slightly higher by 18 points and then fell, falling as much as 187 points to a low of 38,881 points. It still fell 96 points, or 0.25%, to 38,972 points; It rose 8 points or 0.17% to 5,078 points; the Nasdaq, which is dominated by technology stocks, rose 59 points or 0.37% to 16,035 points. 


The U.S. dollar index fell another 0.21% to 103.609, and the yen rose 0.41%, reaching a high of 150.08 against the U.S. dollar. Dave Ramsden, deputy governor of the Bank of England, said that some signals showed that British inflation was still high. The pound fell 0.2% to as low as $1.266. 

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
閱讀完整內容

Investment 24/4/2026

圖片
The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
閱讀完整內容

Investment 27/4/2026

圖片
The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
閱讀完整內容