Investment 15/3/2024

The Hang Seng Index opened 38 points or 0.22% higher in the morning on Thursday (13th) at 17,120 points. However, it rose first and then fell, falling below the 17,000 level. It fell 97 points or 0.57% in the half-day to 16,984 points, and fell 120 points or 0.7% in the whole day, closing at 16,961 points; the technology index opened 12 points or 0.34% higher at 3,668 points, fell 43 points or 1.19% in half a day to 3,612 points, and finally closed at 3,603 points, down 52 points or 1.43%. The main board transaction volume was HK$1,131.


 The sentiment in Hong Kong stocks has picked up significantly recently. The U.S. inflation data last month was higher than expected. However, the market still hopes that the Federal Reserve will start to cut interest rates in the middle of the year, which will benefit the performance of the stock market. In addition, although the mainland has not launched further economic stimulus policies, the stock market valuations of China and Hong Kong are still lagging behind. In addition, many companies have announced results that are generally in line with expectations. Market sentiment has improved, supporting a rebound in the index. Technically, the Hang Seng Index has rebounded by more than 2,000 points from its lows, and funds have also shifted from defensive stocks to aggressive stocks, reflecting the improvement in market sentiment. Hong Kong stocks are expected to do slightly better, but the 250-DMA (18,082) that divides bulls and bears is very resistant , the lower support is at 16,800 points. 


European stock markets developed individually, with British and German stocks closing down 0.37% and 0.11%, while French stocks rose 0.29%. 


The U.S. producer price index (PPI) increased by 0.6% month-on-month in February, double the market expectation of 0.3%. The year-on-year increase also accelerated to 1.6%, the strongest since September last year. It was higher than expected, mainly affected by Driven by fuel and food prices: During the period, core PPI rose 0.3% month-on-month and 2% year-on-year, both exceeding expectations. Data showed that inflationary pressure was greater than expected. U.S. stocks rose first and then fell back on Thursday. The Dow rose 116 points, reaching a high of 39,160 points, and then fell by as much as 338 points, as low as 38,704 points. The S&P 500 once fell by 0.81%, and the Nasdaq fell by as much as 0.85. %. 


At the close of the U.S. stock market, the Dow Jones Industrial Average fell 137 points, or 0.35%, to 38,905 points; the S&P Index fell 14 points, or 0.29%, to 5,150 points; and the Nasdaq Composite fell 49 points, or 0.3%, to 16,128 points. 


The U.S. dollar index rose 0.59% to 103.4.

 

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