Investment 9/5/2024

Hong Kong stocks showed mixed performance after opening higher, and the decline expanded in the afternoon. The Hang Seng Index opened slightly higher by 31 points and once rose 127 points to 18,606 points. It then struggled to move upward and fell 165 points or 0.9% to 18,313 points for the whole day, marking two consecutive days of retreat. The Technology Index fell 50 points or 1.29% to 18,313 points. 3,872 points. Main board transaction volume was HK$128.6 billion . 


Hong Kong stocks have risen a lot, but water from the north continues to flow in, and the recent transaction volume has exceeded HK$100 billion , which means "there is sufficient water." Investors don’t have to worry about the ten consecutive rises being cut off. At this stage, Hong Kong stocks are still on an upward track and are above the 250-DMA (17,671). If it breaks through 19,000 points, the first stop will be 19,650 points. It is not suitable to be short on Hong Kong stocks in the short term. Still optimistic about the market outlook. 


European stock markets performed well, with British, French and German stocks closing up 0.49%, 0.69% and 0.37% respectively. 


The latest performance of U.S. companies was mixed. U.S. stocks performed individually on Wednesday. After opening 65 points lower, the Dow Jones Industrial Average fell as much as 69 points to a low of 38,814 points. It then stabilized repeatedly, rising 210 points to a high of 39,094 points; the S&P 100 fell 0.42 points. %; the Nasdaq fell by up to 0.65%.


 At the close of the U.S. stock market, the Dow still rose 172 points, or 0.44%, to 39,056 points, marking its sixth consecutive day of gains; the S&P 500 index fell slightly by less than 1 point, closing at 5,187 points; the Nasdaq, which is dominated by technology stocks, fell 29 points or 0.18%, closing at 16,302 points.


 The U.S. dollar index rose as much as 0.22% to 105.644; although Bank of Japan Governor Kazuo Ueda stepped up his warnings about the yen's weakness, the yen still fell further by 0.64% to 155.68 per dollar. The Bank of England is expected to keep its benchmark interest rate unchanged at 5.25% on Thursday, and the pound fell 0.34% to $1.2467; the euro fell as much as 0.19% to $1.0735.

 

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