Investment

Hong Kong stocks continued their recent strength on the futures settlement day.  The Hang Seng Index opened 522 points higher at 20,446 points, and then rose 818 points to 20,743 points, hitting a high of more than 17 months. It closed up 707 points or 3.55% for the whole day at 20,632 points, rising for the fourth consecutive day; the technology index rose 243 points points or 5.78%, reported at 4,453 points.  Main board transaction volume reached HK$445.7 billion, setting a historical record.  The Hang Seng Index began to fluctuate in a large horizontal zone between 14,600 and 22,700 points in March 2022, and began to fluctuate between 14,600 and 20,900 points in April last year, forming a smaller horizontal zone.  Last week, the Hang Seng Index broke through the 19,000 mark and advanced into the resistance zone of 20,400 to 20,900 points. If it rises above this level, the next target will be the top of the previous large horizontal zone of 22,700 points.  How...

After the Hang Seng Index opened 173 points higher, the gain narrowed to 47 points. Then A-shares gained strength, rising as much as 824 points to a high of 19,954 points. It closed up 795 points or 4.15% for the whole day at 19,924 points, which was the level on August 1, 2023. It closed at a high since the beginning of the day, with a cumulative increase of 1,677 points or 9.19% in the past three days; the technology index closed at 4,209 points, a surge of 285 points or 7.26%, recording the largest increase in 21 months.  The market turnover reached HK$302.8 billion, the highest since March 17, 2022, and the eighth single-day highest for Hong Kong stocks. The stock markets of China and Hong Kong continued to "dance" after the introduction of the "combination boxing", rising for three consecutive trading days.  The Hang Seng Index soared another 795 points yesterday, approaching the 20,000-point mark, hitting a new high in nearly 14 months, and capital continued t...

China's combination of economic growth and the recovery of the RMB attracted funds to invest in the Chinese and Hong Kong stock markets, but the trend of Hong Kong stocks was first high and then low.  The Hang Seng Index opened 591 points higher and hit an all-day high of 19,592 points. Then the increase gradually narrowed, hitting a low of 19,072 points. It closed up 128 points or 0.67% for the day at 19,129 points. The Technology Index rose 8 points or 0.22% to 3,924 points. point.  Trading remained brisk, with main board turnover reaching HK$254.8 billion. ​ The U.S. Federal Reserve cut interest rates by half a percentage point last week, and many local banks rarely followed suit immediately, bringing surprises to the market and supporting the rise of Hong Kong stocks.  In addition, the Mainland's "combination punch" economy, the People's Bank of China, the State Administration of Financial Supervision, and the China Securities Regulatory Commission jointly lau...

The Mainland has launched a combination of rescue measures. The People's Bank of China has finally released a large amount of money, cutting interest rates and reserve requirements to save the stock market, and lowering down payments for home purchases to save the property market.  The Hang Seng Index opened 326 points higher at 18,573 points and continued its upward trend. The increase once expanded to 754 points in the afternoon, reaching a high of 19,002 points, a four-month high. It closed at 19,000 points for the whole day, up 753 points or 4.12%; the technology index rose 217 points. or 5.87%, at 3,915 points.  Main board transaction volume increased to HK$242.3 billion.  In addition to stimulating the economy, the PBOC's release of water will also benefit the sentiment of the Hong Kong stock market.  The Hang Seng Index has rapidly risen above 18,000 points in recent days due to the cooperation of transactions, and it just touched the 19,000 mark yesterday. Th...

The Hang Seng Index opened 21 points lower at 18,237 points, then turned around and rebounded 168 points, hitting a more than three-month high of 18,426 points. Selling pressure returned in the afternoon and turned lower again, closing down 11 points, or 0.06%, at 18,247 points. , ending six consecutive rising trends; the technology index fell 5 points, or 0.15%, to 3,698 points.  Main board transaction volume was HK$124.2 billion.  The U.S. cut interest rates aggressively last week, which boosted the sentiment in Hong Kong stocks. The Hang Seng Index successfully broke through the psychological barrier of 18,000 points, but as expected is still trapped in the horizontal range around 18,400 points.  If the U.S. 10-year Treasury bond yield is between 3.7% and 3.8% and the risk premium falls back to the historical average, the Hang Seng Index is expected to break out of the predicament and reach its May high of 19,706 points.  European stock markets perform...

After opening 56 points higher at 18,069 points, the Hang Seng Index once rose 341 points to 18,355 points. It rose 245 points or 1.36% to 18,258 points for the whole day, rising for the sixth consecutive trading day.  The Technology Index rose 52 points or 1.43% to 3,703 points.  Main board transaction volume was HK$176.8 billion.  For the whole week, the Hang Seng Index rose by 889 points or 5.12%.  It retreated after reaching the resistance zone last Friday and may consolidate in the short term. It is expected that the 100-DMA (17,883) will provide support.  U.S. stocks rose across the board overnight, which was positive for the market sentiment.  However, the recent rise in Hong Kong stocks has been mainly driven by technology stocks. The performance of heavyweight stocks such as HSBC Holdings (00005) and China Special Assessment has been sluggish. In addition, the market is still concerned about the mainland economy and corporate profitability. The mar...

The U.S. Federal Reserve cut interest rates by half a percent, and Hong Kong stocks fell first and then rose, successfully regaining the 10,000 mark. The Hang Seng Index opened 26 points lower at 17,633 points. After testing the 17,600-point level, it found support and reversed its decline. The gain expanded to 411 points in the afternoon and reached a high of 18,071 points. It rose 353 points or 2% throughout the day to 18,013 points, continuing to rise. Five trading days; the technology index rose 114 points, or 3.25%, to 3,651 points. Main board transaction volume increased to HK$148.7 billion.  Hong Kong stocks have clearly benefited from the news of interest rate cuts. If the Hang Seng Index rises above the previous high of 18,202 points, the market may improve its weakness. However, the market is still paying attention to the economic situation. It is believed that a new round of stimulus policies in the mainland will be needed before the stock market is expected to experi...

After opening 116 points lower at 17,252 points, the Hang Seng Index once fell 192 points to 17,177 points. It recovered its losses in the afternoon and ended the day up 53 points, or 0.3%, at 17,422 points. The Technology Index rose 17 points, or 0.5%, to 3,497 points.  North Water was suspended, and the main board transaction dropped to HK$47.9 billion.  The United States, Japan and the United Kingdom will discuss interest rates this week. There is a high chance that the Federal Reserve will cut interest rates by 0.25% this time, while the Bank of Japan is not expected to raise interest rates. The market should wait and see what happens.  As for Hong Kong stocks, due to the Mid-Autumn Festival holiday, the North Water was suspended at the beginning of the week. It is believed that the market will be quiet in the short term. The Hang Seng Index is expected to trade mainly between 17,000 and 17,500 points. After the dust of the US interest rate cut settles and the return ...

The Hang Seng Index opened 57 points higher at 17,298 points, which was already the day's low. Later, the increase expanded to 300 points, reaching a high of 17,540 points. It rose 128 points or 0.74% for the whole day to 17,369 points. It fell 75 points or 0.43% for the whole week; The technology index rose 4 points, or 0.13%, to 3,479 points. Main board turnover was HK$88.8 billion. On Friday, the Hang Seng Index returned to above the 250-DMA (17,240). However, the downward gap at the beginning of the month (17,555 to 17,332) still has resistance and cannot be replenished. Since it has fallen below the upward trajectory since January, unless it rises above the previous level in the short term, The rebound high is 18,202 points, otherwise the rebound is expected to test the recent low of 16,441 points, while the mid-term market outlook is likely to test the bottom of the range at 14,600 points. Currently, there are 14.44 points left on the Growth Enterprise Market Index of hundre...

The Hang Seng Index opened 68 points higher at 17,177 points and then maintained its upward trend. It once rose 225 points to 17,334 points, and rose 131 points or 0.77% for the whole day to 17,240 points. The Technology Index rose 24 points or 0.7% to 3,475 points.  Main board transaction volume was HK$91.6 billion.  Hong Kong stocks have done well along with US stocks. The Hang Seng Index rebounded to the 250-DMA (17,240) and was blocked. It is expected that the falling gap (17,531 to 17,583) last Wednesday will still have great resistance. The market outlook is expected to test the mid-line support, which is the previous low of 16,441 points.  U.S. core inflation unexpectedly strengthened in August. It is believed that there is a greater chance that the Federal Reserve will cut interest rates by only 0.25% next week, which will have limited boost to U.S. stocks.  As for the Hong Kong stock market, which continues to be weak, sectors have become differentiated. Lea...

After the Hang Seng Index opened 182 points lower at 17,051 points, the decline once extended to 269 points, reaching a low of 16,964 points. The decline narrowed in the afternoon, falling 125 points or 0.72% for the whole day, to 17,108 points; the technology index rose by less than 1 point, to 3,450 points. point.  Main board transaction volume was HK$105.7 billion.  U.S. stocks were mixed overnight as the market watched the U.S. presidential candidates hold their first televised debate to speculate on who would win the White House.  In addition, the United States is about to release core CPI data, which is believed to have some implications for the Federal Reserve's interest rate cut in September.  Hong Kong stocks continue to be weak. The Hang Seng Index has fallen below the 250-DMA (17,245) that divides bulls and bears. The initial support of 17,000 seems reluctant. In the short term, there may be a rebound due to oversold. The 250-DMA and the gap in the decline...

The Hang Seng Index opened 8 points higher at 17,205 points and then fluctuated in a narrow range, with a range of 164 points throughout the day. It closed up 37 points, or 0.21%, at 17,234 points, ending its five consecutive losses. The Technology Index rose 13 points, or 0.4%, to 3,450 points. point.  Main board transaction volume was HK$107.3 billion.  Investors took advantage of the low price, and U.S. stocks rebounded sharply overnight, but the trading volume was not consistent. It is expected that U.S. stocks will still hover at high levels before the Federal Reserve's interest rate meeting next week. There is little chance of a sharp rise again, and the stimulation effect on Hong Kong stocks will be limited.  In terms of trend, the Hang Seng Index has returned to the downward channel that has been extended since May. The technical trend is relatively weak. The initial support in the market outlook is at 17,000 points, and the mid-line support is at the previous low...

Hong Kong stocks continued to follow the external stock markets. The Hang Seng Index opened 182 points lower at 17,261 points, and then fell 376 points to 17,067 points. It fell 247 points or 1.41% to 17,196 points for the whole day, falling for the fifth consecutive trading day; the technology index fell. 51 points or 1.46%, reported at 3,436 points.Main board transaction volume was HK$133.6 billion.     The Hang Seng Index fell below the upward trajectory extended in early August last week, and yesterday it fell below the 250-day moving average (17,256), which divides bulls and bears. It may rebound in the short term. Last Wednesday's falling gap (17,531 to 17,583) is expected to provide resistance. The initial support in the market outlook is at 17,000 points, and the mid-line support is at the early low of 16,441 points.  Influence.  Citigroup, an American investment bank, has recently updated its incremental targets for the Hang Seng Index this year and nex...

The Hong Kong stock market was suspended last Friday due to the typhoon. This was also the last typhoon suspension measure. Last thursday , after opening 12 points higher at 17,469 points, the Hang Seng Index rose 98 points to a high of 17,555 points. It then fell back repeatedly, once falling 124 points to 17,332 points. It fell 13 points or 0.07% for the whole day to 17,444 points, falling for 4 consecutive transactions. On the day; the technology index rose 4 points, or 0.14%, to 3,487 points. Main board transaction volume was HK$84.9 billion.  The Hang Seng Index turned around and fell last week, falling below the short-term ascending channel and the 50-DMA (17,472). The upward trend in the past month may change. The support of the 250-DMA (17,261) must be maintained, otherwise the decline will reappear. The next support is the previous low of 16,441 points.  There are three cross stars in a row on the daily chart of the Hang Seng Index, and there may be a short-term rebou...

After opening 12 points higher at 17,469 points, the Hang Seng Index rose 98 points to a high of 17,555 points. It then fell back repeatedly, once falling 124 points to 17,332 points. It fell 13 points or 0.07% for the whole day to 17,444 points, falling for 4 consecutive transactions. On the day; the technology index rose 4 points, or 0.14%, to 3,487 points. Main board transaction volume was HK$84.9 billion.  Investors have full expectations for the Federal Reserve to cut interest rates in September, but the market is worried about the risk of a U.S. economic recession. If the non-farm payrolls data released later this week does not meet expectations, it may trigger further adjustment pressure on U.S. stocks. As for Hong Kong stocks, the sentiment is inevitably affected by external influences. In addition, the latest manufacturing and real estate sales data released on the mainland show that the macroeconomic performance is not as good as expected, and there are hidden concerns ab...

U.S. stocks fell overnight, triggering a sell-off in Asia-Pacific stock markets. The Hang Seng Index opened 176 points lower at 17,474 points, and later fell 318 points to 17,333 points. It fell 194 points, or 1.1%, to 17,457 points for the whole day, falling for three consecutive trading days; the Technology Index fell 13 points, or 0.39%, to 3,482 points. point. Main board turnover was HK$96.9 billion.  The market believes that the peak period of the chip stock business has passed. After the market closed, there was news that the United States has upgraded its antitrust investigation. As the stock prices of the "Seven Heroes" in the U.S. stock market have shown signs of peaking since July, there is a chance for continued adjustments in the market outlook. In addition, Taiwan stocks and Japanese stocks They were all under significant pressure during the Asian session, and Hong Kong stocks could not escape the fall.  European stock markets came under pressure, with British, F...

Hong Kong stocks are weak and contentious. After opening 26 points lower at 17,665 points, the Hang Seng Index fell 108 points to 17,583 points, and then rose 33 points to 17,725 points. It fell 40 points or 0.23% for the whole day to 17,651 points; the technology index rose 10 points or 0.29 %, reported at 3,496 points. Main board transaction volume was HK$79.3 billion.  The Hang Seng Index once approached the 18,000 mark earlier and successfully broke through the downward channel extended in May. If it can maintain the support of 17,500 points in the short term, it reflects that the rebound momentum launched in early August is sustainable. If you have goods, you can continue to hold them. If you don't, you can continue to hold them. Investors with large holdings are advised to wait and see for the time being. The recent inflow of mainland funds into the Hong Kong stock market has helped the market sentiment. However, the market is still waiting to see how much the Federal Reserve...

Hong Kong stocks started softly in September. The Hang Seng Index opened 126 points lower at 17,862 points, and later fell 343 points to 17,645 points. It closed down 297 points, or 1.65%, at 17,691 points throughout the day; the Technology Index fell 74 points, or 2.08%, to 3,486 points. The main board turnover was HK$112.8 billion.  Mainland manufacturing activity has been contracting for four consecutive months and was worse than expected. Hong Kong stocks came under pressure on Monday (2nd). Looking ahead to September, the U.S. Federal Reserve is bound to cut interest rates, which is good for market sentiment. The Hang Seng Index is currently in the upward channel that started in early August. As long as there is not too much negative news, it will return to the 100-DMA (17,787) today and tomorrow. The market outlook is still expected to repeatedly test the upward resistance of 18,300 points.  European stock markets developed individually. British stocks closed down 0.15% ...

On the last trading day of August, the Hang Seng Index opened 8 points higher at 17,794 points. The increase once expanded to 416 points, reaching a high of 18,202 points. The upward trend rebounded in the late market, rising 202 points or 1.14% to 17,989 points; the technology index rose. 99 points or 2.87%, quoted at 3,560 points. The MSCI index adjustment took effect, and the main board turnover increased to HK$173.4 billion.  The Hang Seng Index rose 376 points or 2.14% for the whole week; it rose 644 points or 3.71% in August.  The market is waiting to see the mainland's economic data and policies, and Hong Kong stocks are sluggish. However, the Hang Seng Index fell to 16,441 points in early August to find support and established a short-term upward channel. Last week's high of 18,202 points has risen close to the resistance zone of 18,300 to 18,500 points. Since the market is not overbought and the trading volume has increased, This week is expected to challenge this are...