Investment 18/11/2024

Last Friday, the Hang Seng Index opened 67 points higher at 19,503 points and then struggled. The high rose by 172 points to 19,608 points, and the low fell by 103 points to 19,332 points. It fell 9 points or 0.04% throughout the day to 19,426 points; the technology index rose 9 points or 0.22%, quoted at 4,327 points.  Main board transaction volume was HK$155.4 billion.


 Hong Kong stocks fell for 6 days in a row. The Hang Seng Index fell from a low of 19,332 to a high of 20,517 last week, with a total loss of 1,301 points in a week.  However, last Friday it fell below the horizontal zone with a big black candlestick, fully covering the rising gap on September 27 (19,954 to 20,268), and fell below the May rebound wave top of 19,706 points, and the trend took a turn for the worse; if 19,361 points were confirmed to have fallen , the initial support should fall back to 100-DMA (18,675), the next support is 150-DMA (18,471), and the weakest situation may see 250-DMA (17,691).  


Fortunately, last week's  HSI drop to 19,361 points of fibo 0.618 of the last rising wave , temporarily stabilized, and there may be a short-term rebound.  If the market wants to get rid of the weak state of continuing to find a bottom, the Hang Seng Index must first successfully cross the 50-DMA (19,840) and hold firmly above the 20,000 level.  However, judging from the current performance of the market, the market may have more than stabilized, but its rise is weak.


 The Federal Reserve still has a chance to cut interest rates next month, but after the new U.S. president takes office next year, policy changes will make the direction of interest rates difficult to predict. The strengthening of the U.S. dollar will cause the RMB to continue to depreciate, which is unfavorable to the trend of Hong Kong stocks.  In addition, the mainland's latest economic data has been mixed, and the recently launched economic stimulus measures are also lagging behind the market. Investors are still waiting to see whether more supportive policies will be introduced.


 European stocks were soft, with British, French and German stocks falling 0.09%, 0.58% and 0.27% respectively.


 U.S. Federal Reserve Chairman Powell reiterated that he was in no rush to cut interest rates, cooling market expectations for a U.S. interest rate cut in December and dragging down U.S. stocks early on Friday.  After the Dow opened 162 points lower, the decline expanded to a maximum of 344 points and a low of 43,406 points; the S&P 500 dropped 1.05%, while the Nasdaq Composite, dominated by technology stocks, fell 1.69%.


 U.S. stocks closed at 43,444 points, down 305 points; the S&P 500 dropped 78 points, or 1.32%, to 5,870 points; the Nasdaq dropped 427 points, or 2.24%, to 18,680 points.


 The U.S. dollar index was once close to a one-year high of 107.07, and was last at 106.68, down 0.19%. The Euro rose 0.6% to $1.0593, and the Japanese yen rose 0.72% to 155.13 per dollar.  Bitcoin rose 2.8% to nearly $90,700.

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