Investment 29/2/2024

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 opportunity to test the 16,100 level. Investors who have stocks may wish to reduce their weight in stages to lock in profits. 

European stock markets developed individually, with the British stock market falling 0.76%, and the French and German stock markets rising 0.08% and 0.25% respectively.

 U.S. stocks were soft on Wednesday (28th), with investors waiting to see the January inflation data released on Thursday. After the Dow opened 34 points lower, the decline once expanded to 230 points, reaching a low of 38,741 points; the S&P 500 once fell 0.39%, reaching a low of 38,741 points. 5,058 points; the Nasdaq fell by up to 0.69%. 

At the close of the U.S. stock market, the Dow narrowed its decline to 23 points, or 0.06%, to 38,949 points; the S&P 500 fell 8 points, or 0.17%, to 5,069 points; the Nasdaq fell 87 points, or 0.55%, to 15,947 points. 

The US dollar index fluctuated within a narrow range at 104 points, once rising 0.39%. The yen fell as much as 0.23% to 150.85 per dollar. The Euro weakened by up to 0.45%, trading at 1.0797 against the US dollar. Consumer confidence in the Euro zone remained negative in February. The pound fell 0.49% to $1.2622. The New Zealand dollar fell 1.46% to 60.81 US cents. 

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