Investment 12/8/2024

Hong Kong stocks continued the rise in US stocks overnight, opening 205 points higher and continuing their rise. The Hang Seng Index once rose 360 points in the early morning and ended the day up 198 points, or 1.17%, at 17,090 points, back above the 17,000 mark. The Technology Index rose 70 points, or 2.08%, to 3,436 points. The market turnover was less than HK$ 100 billion , falling to HK$88.1 billion.


 Hong Kong stocks have reason to rebound along with the outside world, but mainly hold on to 17,000 points. However, the market is still paying attention to the economic prospects of the mainland. The market rebound is expected to be limited, and the resistance above the Hang Seng Index is at the 250-DMA (17,338). 


European stock markets remained stable, with British, French and German stocks rising 0.28%, 0.31% and 0.24% respectively. 


After a strong rebound on Thursday, U.S. stocks rose repeatedly on Friday. After the Dow opened 38 points lower, the decline once expanded to 216 points, reaching a low of 39,230 points; then it turned around and rebounded by 182 points, reaching a maximum of 39,628 points. The S&P 500 index rose by up to 0.74%, and the Nasdaq Composite Index, which is dominated by technology stocks, once rose 0.78%. U.S. stocks closed at 39,497 points, with the Dow Jones Industrial Average up 51 points, or 0.13%; the S&P Index rose 24 points, or 0.47%, to 5,344 points; and the Nasdaq Composite Index rose 85 points, or 0.51%, to 16,745 points. 


U.S. stocks rebounded for two days in a row, with the three major indexes falling only slightly throughout the week, recovering their losses at the beginning of the week. The VIX volatility index, commonly known as the "fear index," fell more than 14% to nearly 20 levels.


 The US dollar index is expected to remain at 103.8 to 104.0 as resistance this week, with support at 102.0. 


Typhoon No. 5 "Maria" is expected to make landfall in the Tohoku region of Japan today (12th). JAL canceled 78 flights and 100,000 people in Iwate "evacuated"

 

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