Investment 14/3/2024

The Hang Seng Index opened slightly lower by 34 points on the morning of Wednesday (13th) to 17,059 points. After that, it rose 15 points repeatedly to 17,108 points. After 1:30 in the afternoon, the volatility expanded. It once rose 121 points to 17,214 points, another record high in nearly 3 and a half months. It was as high as this year's high, but later affected by the weakness of A-shares, the market turned around and fell back, finally closing at 17,082 points, down 11 points or 0.06%; the technology index outperformed, rising 12 points or 0.34%, to close at 3,656 points. Main board transaction volume was HK$120.4 billion. 

U.S. inflation figures for February were higher than expected, but U.S. stocks rose overnight and Hong Kong stocks continued their gains on Wednesday. However, the market's short-term rise has been too sharp, and it may need to consolidate before it reaches the 17,000 level. The Hang Seng Index has risen to more than 2,000 points from the low of 14,794 points in January. The positive factors may have been reflected to a certain extent. The resistance of 17,387 points is greater, and it will be difficult to rise again in the future. In terms of technical trends, the Hang Seng Index is now above the Bollinger Channel, and the RSI on the 14th has also risen to 63, close to the overbought level. Beware of short-term profit taking, and you should be cautious when entering the market at this stage, and only enter the market in stages. 

European stock markets developed individually, with British and French stocks rising 0.31% and 0.62% respectively, while German stocks fell slightly by 0.02%. 

U.S. stocks developed individually on Wednesday. After the Dow opened 49 points higher, the gain expanded to 196 points, reaching a high of 39,201 points. However, many heavyweight technology stocks came under pressure, and the Dow's rise eventually narrowed sharply; the S&P 500 index once fell from a record high. It fell back 0.45%, and the Nasdaq, which is dominated by technology stocks, retreated at most 0.75%. The two indexes maintained their decline at the close. 

At the close of the U.S. stock market, the Dow Jones Industrial Average rose 37 points, or 0.1%, to 39,043 points; the S&P Index fell 10 points, or 0.19%, to 5,165 points; and the Nasdaq Composite fell 87 points, or 0.54%, to 16,177 points.

 The U.S. exchange rate index once fell 0.28% to 102.67; the Japanese yen repeatedly fell 0.25% to 148.05 per dollar, and then stabilized; the Euro rose as much as 0.34% to $1.0964.