Investment 9/2/2024

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 was strong, and Federal Reserve officials continued to indicate that they were in no rush to cut interest rates. U.S. stocks were mixed on Thursday, with the Dow Jones Industrial Average closing on a positive note and the S&P 500 once touching the psychological 5,000-point mark, hitting a record high in the market. The Dow opened 24 points higher, and the increase once expanded to 78 points, reaching a high of 38,755 points. Afterwards, it fell by as much as 133 points, reaching a low of 38,544 points. The S&P 500 index climbed 0.11% to 5,000 points. The Nasdaq rose 0.36% repeatedly.


 At the close of the U.S. stock market, the Dow rose 48 points, or 0.13%, to 38,726 points; the S&P 500 rose 3 points, or 0.06%, to 4,997 points; and the Nasdaq rose 37 points, or 0.24%, to 15,793 points.


 The U.S. dollar index rose as much as 0.36% to 104.434; the yen fell 0.88% to a low of 149.48 per dollar. Euro fell 0.28% to $1.0742. 

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