Investment 6/9/2024

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 about the prospects of Chinese stocks. However, the Hang Seng Index has fallen from the 18,000 level, and there may not be much room to go lower. It is expected to mainly range between 17,000 and 17,800 points. A breakthrough is expected to occur when the next round of mainland policy news comes out.


 European stock markets fell across the board, with British and French stocks falling 0.34% and 0.92%, and German stocks closing slightly lower by 0.08%. 


The market is waiting to see the U.S. employment data for August released on Friday. U.S. stocks lacked direction on Thursday. After opening 81 points higher, the Dow fell as much as 455 points to a low of 40,519 points. The S&P 500 index repeatedly turned soft, and the Nasdaq, which is dominated by technology stocks, repeatedly fell. pick up. 


U.S. stocks closed with the Dow Jones Industrial Average down 219 points or 0.54% at 40,755 points; the S&P Index fell 16 points or 0.3% to  5,503 points; the Nasdaq rebounded 43 points or 0.25% to 17,127 points.


 The U.S. dollar index fell 0.39% to 100.96, the Euro rose 0.34% to $1.1122, and the Japanese yen continued to rise 0.62%, reaching a high of 142.85 per dollar.

 

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