Investment 11/4/2024

The Hang Seng Index opened 97 points higher and hit 16,926 points, and then continued its upward trend. It rose as much as 362 points to a high of 17,190 points. It closed up 311 points or 1.84% at 17,139 points for the whole day, rising for the third consecutive day; the technology index rose by 73 points or 2.12 %, reported at 3,552 points. Main board transaction volume was HK$107.2 billion. 。


At the close, the Hang Seng Index broke through the resistance of 17,000 points, and the 100-DMA (16,531) is expected to have become a strong support level. The market is paying attention to important economic data such as inflation in China and the United States. The short-term performance of Hong Kong stocks depends on whether mainland A-shares can improve. If the Hang Seng Index can break through the last high of 17,214 points and stabilize, the market outlook is expected to be optimistic, and may reach the 250-DMA ( 17,894) level. Hong Kong stocks have performed better in recent days, mainly due to the good performance of individual heavyweight stocks, which also announced increased dividends or buybacks after the results, supporting the performance of the market. However, the Hong Kong stock market has risen above the 17,000 mark several times this year, but has failed to stabilize above it. There are uncertainties as to whether it can stabilize this time. The latest U.S. inflation data is strong, and as expectations for interest rate cuts cool down, it is expected to cause shocks to both U.S. and Hong Kong stocks. 


European stock markets developed individually, with British and German stocks rising 0.33% and 0.11% respectively, while French stocks fell slightly by 0.05%. 


U.S. inflation in March unexpectedly turned positive at 3.5%. Traders' expectations for an interest rate cut by the Federal Reserve this year sharply cooled. U.S. stocks came under significant pressure on Wednesday. The Dow Jones Industrial Average opened lower by 221 points and then fell immediately. The decline once expanded to 579 points. It hit a low of 38,304 points, and the decline narrowed slightly at closing; the S&P 500 fell as much as 1.37%, and the Nasdaq once fell 1.32%.


 U.S. stocks closed with the Dow Jones Industrial Average down 422 points, or 1.09%, to 38,461 points; the S&P Index dropped 49 points, or 0.95%, to 5,160 points; and the Nasdaq Composite fell 136 points, or 0.84%, to 16,170 point


 The US dollar index once rose 1.11% to 105.3. The yen fell as much as 0.8% to 152.99 per dollar, its lowest level since 1990, sparking speculation about Japanese government intervention in the currency market. Euro fell 1.18% to $1.0729.

 

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