Investment 25/3/2024

Hong Kong stocks resumed their weakness last Friday as the RMB exchange rate fell to a four-month low. The Hang Seng Index opened 117 points lower at 16,745 points and then expanded its decline. It once fell 521 points to 16,341 points. The decline narrowed in the afternoon, falling 363 points or 2.15% for the whole day to 16,499 points. It fell 221 points or 1.32% for the whole week. The technology index fell 127 points, or 3.54%, to 3,455 points, with main board turnover of HK$135.6 billion. 


The Hang Seng Index fell below its 100-DMA (16,595). The short-term trend of Hong Kong stocks depends on whether the RMB can stop its decline. However, given that a weak RMB is beneficial to mainland exports, the short-term decline may not stop, or drag the Hang Seng Index below its 50-DMA (16,194). Last week, the Hang Seng Index fell below the short-term upward trend since late January. If it falls further below the 16,000-point mark, the short-term upward trend will be destroyed, and the market outlook will resume bottoming out, and may once again test the 15,200-15,000 point area. If the Hang Seng Index wants to maintain its upward trend, it must rise back above the 100-DMA  and cross 17,200 points this week before the market is expected to break through. However, this Friday is the Good Friday holiday, and Hong Kong stocks only have 4 trading days in the whole week. The futures index will be settled on Wednesday, and factors such as the quarter end will add more variables to the market. 


European stock markets developed individually, with British and German stock markets rising 0.61% and 0.15% respectively, while French stocks fell 0.34%. 


The latest performance of U.S. companies was mixed. In addition, the market has accumulated considerable gains in the past week. U.S. stocks performed individually on Friday. The Dow retreated more than 300 points from its record high, while the Nasdaq moderately hit a record high. The Dow opened slightly lower by 7 points and then continued to decline, falling by as much as 311 points to a low of 39,469 points; the S&P 500 once fell by 0.22%, and the Nasdaq, which is dominated by technology stocks, once fell by 0.25%, and then rebounded repeatedly.


 At the close of the U.S. market, the Dow fell 305 points, or 0.77%, to 39,475 points; the S&P 500 fell 7 points, or 0.14%, to 5,234 points; the Nasdaq rose 26 points, or 0.16%, to 16,428 points. 


The US dollar index once rose 0.43% to 104.455, and the yen once fell to a four-month low of 151.86 per dollar, and then rose 0.4% to 151.01. Euro continued to fall by 0.51% to $1.0805.

 

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