Investment 13/9/2024

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. Leading technology stocks are trading hard, while consumer stocks and Chinese financial stocks are relatively weak. With mutual offsets, the market's upward momentum is lacking.


 European stock markets performed well, with German stocks closing more than 1% higher and outperforming slightly, while British stocks and French stocks rose 0.57% and 0.52% respectively.


 The market is still digesting the latest inflation data. U.S. stocks were mixed on Thursday. After opening flat, the Dow Jones Industrial Average fell 196 points to a low of 40,665 points. Near the close, it rose as much as 245 points to a high of 41,107 points. The S&P 500 Index repeatedly closed at close to the same level throughout the day. The market closed at a high, with the Nasdaq, dominated by technology stocks, once rising 1.21%.


 At the close of U.S. stocks, the Dow still rose 235 points, or 0.58%, to 41,096 points; the S&P 500 rose 41 points, or 0.75%, to 5,595 points. It was the fourth consecutive day of gains. The cumulative decline in September narrowed to 0.9%, which was lower than the historical level. The record high is only about 1.3% lower; the Nasdaq rose 174 points, or 1%, to 17,569 points.

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Investment 29/4/2026

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Investment 24/4/2026

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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...
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Investment 27/4/2026

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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 ...
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