Investment 24/4/2024

A major bank upgraded the rating of Hong Kong stocks to overweight. The Hang Seng Index opened 167 points higher at 16,679 points. In the afternoon, the increase once expanded to 334 points, reaching a high of 16,846 points. It rose 317 points or 1.92% to 16,828 points throughout the day; the technology index rose 112 points. or 3.37%, at 3,449 points. Main board transaction volume increased to HK$116 billion. 

The Hang Seng Index broke through the 100-DMA (16,811) yesterday and may test the 17,000-point resistance in the short term. If it can hold on to the 100-DMA (16,417) in the face of adjustments, it can look towards the 250-DMA (17,754) level. The market outlook for Hong Kong stocks will mainly depend on the economic situation in China and Hong Kong. The Hang Seng Index is expected to maintain a range of 16,417 points to 17,754 points.

 European stock markets remained stable, with British, French and German stock markets rising by 0.26%, 0.81% and 1.55% respectively.

 The market focus temporarily returned to the latest quarterly results of U.S. companies, and weak U.S. economic data caused bond interest rates to fall. U.S. stocks performed well on Tuesday. After the Dow opened 116 points higher, the increase expanded to as much as 321 points to 38,561 points; the S&P 500 index had rose 1.3%, and the Nasdaq, which is dominated by technology stocks, once rebounded by 1.8%.

 At the close of the U.S. stock market, the Dow rose 263 points, or 0.69%, to 38,503 points; the S&P 500 rose 59 points, or 1.2%, to 5,070 points; the Nasdaq rose 245 points, or 1.59%, to 15,696 points.

 The U.S. exchange rate index once fell 0.44% to 105.61; the yen rose 0.19% to 154.56 per dollar; the euro rose as much as 0.54% to $1.0713. 

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Investment 29/4/2026

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Investment 24/4/2026

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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...
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Investment 27/4/2026

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