Investment 11/7/2024

After the Hang Seng Index opened 90 points higher at 17,613 points, the gain once expanded to 242 points, reaching a high of 17,765 points. However, the trend reversed in the afternoon and closed down 51 points or 0.29% at 17,471 points, once again falling below the 250-DMA(17,502) that divides bulls and bears, falling for 4 consecutive trading days; the technology index fell less than 1 point, or 0.01%, to 3,600 points, and the main board turnover was HK$102.3 billion.


 Weak mainland economic data has been expected by the market, and its drag on Hong Kong stocks will be limited. However, the current rise in technology stocks is only a short-term technical rebound. In addition, the previously strong high-yield state-owned enterprise stocks have also begun to adjust, and the overall market situation will maintain a narrow range of fluctuations. The Hang Seng Index is expected to fluctuate between 17,000 and 18,000 points. We need to wait and see whether there are new policies in the mainland in the middle of the month before we can see a clear direction. 


European stock markets reported gains, with British, French and German stocks rising 0.66%, 0.86% and 0.94% respectively. 


The market is waiting for the inflation data to be released in the United States on Thursday. U.S. stocks performed well on Wednesday. The Dow Jones Industrial Average opened 19 points lower and then rebounded repeatedly. The rise accelerated in the end, reaching a maximum of 444 points and reaching a high of 39,736 points. The S&P 100 rose 1.05% to 5,635. point is the market's all-time high, with the Nasdaq rising by up to 1.23% to break through the top of 18,655 points. The Nasdaq and S&P 500 also closed at new highs, with all three major indexes rising by more than 1%. 


At the close of U.S. stocks, the Dow rose 429 points, or 1.09%, to 39,721 points; the S&P 500 rose 56 points, or 1.02%, to 5,633 points; the Nasdaq rose 218 points, or 1.18%, to 18,647 points. 


The U.S. dollar index fell as much as 0.13% to 104.995; the Euro once rose 0.18% to $1.0833. The New Zealand dollar fell as much as 0.98%, reaching a low of 60.65 US cents. The British pound rose 0.49% to $1.285.

 

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