Investment 4/10/2024

Hong Kong stocks retreated after six consecutive gains.  The Hang Seng Index opened 40 points higher at 22,484 points and then came under pressure. It fell 1,001 points to 21,442 points at one point. The decline narrowed in the afternoon, falling 330 points or 1.47% for the whole day to 22,113 points. The Technology Index fell 178 points or 3.46% to 4,978 points.  Main board transaction volume was HK$310.3 billion.


The index has risen by more than 4,000 points in just a few days, and capital profits have been taken. It is normal for the market to undergo technical adjustments. I believe there will be some support for the drop to 21,000 points, and 20,400 will be even more supportive.  The overall sentiment of the market has improved. The market is looking forward to further policy news from the mainland, as well as whether the consumption and investment markets will pick up. The market outlook is still improving repeatedly. Those with heavy goods can consider taking profits in stages, while investors without goods can wait for the price to fall. Consider entering the market at 21,000 points.  The uptrend may last until around the end of this month, before the U.S. election, which is also the year-end date for most funds. In the best case scenario, the Hang Seng Index may reach 24,500 points.


European stock markets fell across the board, with British, French and German stocks closing down 0.1%, 1.32% and 0.78% respectively.


Although the U.S. service industry data performed satisfactorily, tensions in the Middle East still plagued the market. U.S. stocks came under pressure on Thursday. After the Dow opened 96 points lower, the decline once expanded to a maximum of 348 points and reached a low of 41,847 points; the S&P 500 fell 0.56% at one point. The performance of the Nasdaq, which is dominated by technology stocks, has been volatile, once falling 0.55%, and international oil prices soared by more than half.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 184 points, or 0.44%, to 42,011 points; the S&P Index fell 9 points, or 0.17%, to 5,699 points; and the Nasdaq Composite fell 6 points, or 0.04%, to 17,918 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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