Investment 30/7/2024

US stocks closed sharply higher last Friday (26th), and Hong Kong stocks did well on Monday (29th). The Hang Seng Index opened 175 points or 1.03% higher and then continued to rise. It maintained its upward trend in the afternoon and was last at 17,336 points, up 314 points or 1.85%. The Technology Index rose 60 points or 1.76% to 3,504 points. The market turnover was HK$53.6 billion. 


Hong Kong stocks continued to be weak entering July, mainly due to the lack of good news in the market and signs of capital outflows. In terms of trend, the Hang Seng Index started to rise from the low of 14,794 points at the beginning of the year to the high of 19,706 points in May. If it takes back 0.5 fibo, it will be at 17,250 points, and if it takes back 0.618 fibo, it will be at 16,670 points. It is believed that the market will consolidate in this range in the short term. If the index can rise above the resistance of 17,250 points in anticipation of a U.S. interest rate cut in September, it will have a chance to test 17,800 points. However, further breakthroughs will depend on whether there will be any surprises during the August earnings period. 


The performance of European stock markets was mixed, with British stocks rising 0.08%, while French and German stocks closed down 0.98% and 0.53%. 


The world is ushering in a super interest rate week this week, and the market is also waiting to see the results of major technology companies. U.S. stocks fluctuated in a narrow range on Monday and closed with mixed results. After opening 76 points higher, the Dow once climbed 93 points to a high of 40,682 points; later it fell as much as 200 points to a low of 40,388 points; the S&P 500 once fell 0.27%, and the Nasdaq, dominated by technology stocks, rose 1.02% first. Then stabilized repeatedly. 


At the close of U.S. stocks, the Dow Jones Industrial Average fell 49 points, or 0.12%, to 40,539 points; the S&P Index rose 4 points, 0.08%, to 5,463 points; and the Nasdaq Composite rose 12 points, 0.07%, to 17,370 points. 


The U.S. long-term bond interest rate fell, still below 4.2%, at 4.187%, and the U.S. dollar index rose 0.4%.

 

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