Investment 30/5/2024

After opening 161 points lower at 18,659 points, the Hang Seng Index once extended its decline to 396 points, reaching a low of 18,425 points. It closed down 344 points, or 1.82%, at 18,477 points for the whole day. It fell for two consecutive days and was the first in three weeks since May 8 close low. The technology index fell 89 points, or 2.31%, to 3,765 points. The main board transaction volume was HK$123.1 billion, a 62% increase from the previous day, reaching the highest level in more than two weeks. Increased trading volume in a falling market is negative. 


There is no real reason to support the rise in Hong Kong stocks a few days ago. Let's wait and see the trend of the futures index after settlement. It is not critical that the Hang Seng Index falls below 18,500 points. Instead, the important support level is 18,300 points. Pay attention to whether it can hold it today. However, it is expected that the market will reverse after settlement. Since the recent rise is purely speculation and has no real reason to support it, even if the capital inflow is mainly from hedge funds, it is short-term speculation. If there is no further substantial good news to support it, we are bearish on Hong Kong stocks in June. On the trend, if it crosses 18,300 points, the next support level is the 50-DMA (17,576).


 European stock markets came under pressure across the board, with British stocks closing down 0.86%, and French and German stocks both falling more than 1%. 


Rising global bond interest rates triggered investor concerns. U.S. stocks sold off on Wednesday, with the Dow Jones Industrial Average falling more than 400 points. After the Dow opened 136 points lower, the decline quickly expanded to a maximum of 439 points, reaching a low of 38,413 points. It still closed down 411 points, or 1.06%, at 38,441 points; the S&P 500 fell 39 points, or 0.74%, to 5,266 points; with technology stocks The dominated Nasdaq fell 99 points, or 0.58%, to 16,920 points. 


The U.S. dollar index rose as much as 0.51% to 105.14; the yen fell 0.39% to 157.79 per dollar. The European Central Bank is poised to overtake the Bank of England and cut interest rates as soon as next month. The pound against the euro once hit a new high since August 2022, hitting 84.838 pence per euro, up 0.28%; the euro fell 0.53% to $1.08.

 

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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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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 ...
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