Investment

Hong Kong stocks are traded on the futures settlement date. The Hang Seng Index opened 51 points higher at 20,118 points and continued to rise, rising 230 points to 20,296 points. It rose 131 points or 0.65% for the day to 20,197 points; the Technology Index rose 29 points or 0.63% to 4,687 points. The Main Board's turnover was HK$147.3 billion.  The Sino-US trade tariffs are not as strong as previously expected. In addition, the mainland is actively promoting the entry of medium- and long-term funds into the market. The current investment atmosphere of Hong Kong stocks is good. If Sino-US relations continue to improve, the Hang Seng Index will likely challenge the 21,000 mark after the Lunar New Year. In an optimistic scenario, it may reach 22,700 in the future. The support below is at the 100-DMA (19,732).  European stock markets developed individually, with British stocks closing slightly higher by 0.02%, while French and German stocks fell by 0.27% and 0.53% respectivel...

The Hang Seng Index opened 142 points higher at 19,842 points and maintained its upward trend, rising 443 points to 20,144 points. It rose 365 points or 1.85% for the day to 20,066 points. The Technology Index rose 142 points or 3.14% to 4,657 points.  The Main Board's turnover was HK$159.8 billion.  The Hang Seng Index rose with a white candle last week, confirming the positive pattern.  The 100-DMA (19,731) and the 20,000-point mark were broken last week and are challenging the previous rebound high of 20,200 points. If it breaks through this mark, the midline is expected to hit the 22,700-point level again.  However, the Lunar New Year of the Dragon is coming to an end. There is only one and a half days left for the Hong Kong stock market this week. Today is the last trading day for the mainland A-shares. After that, the long Lunar New Year holiday will begin. Due to the lack of northbound funds, the trading volume will drop significantly. Unless investors If you ...

Hong Kong stocks fell for two consecutive days. The Hang Seng Index opened higher by 102 points or 0.52% at 19,881 points. It rose by 265 points to 20,044 points in the morning session, but fell in the afternoon. The Hang Seng Index fell by 78 points or 0.4% to 19,700 points. The Technology Index fell by 65 points or 1.43% to 4,515 points. The market turnover exceeded HK$148.5 billion.  The market estimates that Trump will switch to gradually increasing tariffs to reduce the impact on the United States. The Hang Seng Index may present short-term trading opportunities, but policy uncertainty remains a shadow over the market and should not be taken lightly. Hong Kong-listed companies' earnings growth is weak and still needs to be boosted by a strong stimulus package from the mainland. Therefore, under the constraints of basic factors, it is difficult for the market to see a sustained upward trend. Although the mainland has taken measures to support the development of the A-share...

Hong Kong stocks fell after six consecutive gains. The Hang Seng Index opened 109 points lower at 19,997 points and continued to fall. The decline once widened to 373 points, reaching a low of 19,733 points. The full-day decline was 327 points or 1.63% to 19,778 points. The Technology Index fell 112 points or 2.4% to 4,581 points. The Main Board's turnover was HK$135.3 billion.  After US President Trump officially took office in the White House, the latest news indicated that his team is discussing imposing a 10% tariff on China, which could take effect as early as February 1. The news dragged down Hong Kong stocks on Wednesday (22nd), and they once again fell below the 20,000 point mark. The US-China tussle may intensify. With the increasing market uncertainty, the Hang Seng Index will still be trapped between the 20-DMA (19,629) and 20,000 points in the short term.  In terms of European stocks, French stocks closed up 0.86%, returning to their highest level since June la...

The Hang Seng Index opened 202 points higher at 20,128 points, then fell 5 points to a low of 19,920 points. It then resumed its upward trend, rising 279 points to a high of 20,205 points. The Hang Seng Index rose 180 points or 0.9% to 20,106 points for the day, rise six consecutive days .  The technology index rose 98 points, or 2.14%, to 4,693 points.  The Main Board's turnover was HK$147.9 billion.  The RMB exchange rate rose overnight, and the fact that US President Trump did not make any final decision on tariffs on China at his inauguration ceremony was beneficial to the performance of the Chinese and Hong Kong stock markets, driving the Hang Seng Index to stabilize at the 20,000 mark.  However, the US economy is still improving, inflation is still at a stubborn level, and there is limited room for interest rate cuts. With the US dollar still strong, the strength of the RMB is unlikely to continue, and the Hang Seng Index is expected to have limited upward mome...

The market is looking forward to the improvement of Sino-US relations. The Hang Seng Index opened 220 points higher at 19,804 points, and the increase once expanded to 509 points, reaching a high of 20,093 points. The whole day rose by 341 points or 1.74% to 19,925 points; the Technology Index rose by 116 points or 2.59%. Reported at 4,595 points.  The Main Board's turnover was HK$161.3 billion.  Trump's inauguration and his comments on tariffs, virtual monetary policy, and even interest rate policy will affect the performance of global assets.  Rumor has it that Trump plans to visit China within 100 days of taking office, and market concerns about Sino-US relations have eased.  Hong Kong stocks have risen for 5 consecutive days, with a cumulative increase of more than 1,000 points. We cannot rule out a short-term adjustment. However, if the Hang Seng Index continues to stabilize at the 50-DMA (19,727) level during the adjustment, it may up to 21,000 before the Lunar...

Mainland economic data exceeded market expectations, and Hong Kong stocks fluctuated and stabilized.  The Hang Seng Index opened 23 points lower at 19,499 points, then fell 99 points to 19,423 points, and then rose 117 points to 19,640 points. The index rose 61 points or 0.31% to 19,584 points, rising for the fourth consecutive trading day. ; The technology index rose 61 points, or 1.39%, to 4,479 points.  The Main Board's turnover was HK$122.2 billion.  The Hong Kong stock market fluctuated as investors are still watching the progress of the mainland's economic recovery. The market is unlikely to break out of the short-term slump and the Hang Seng Index is expected to fluctuate between 19,300 and 20,300 points.  It is better to defend than to attack in the first quarter. We are optimistic about defensive stocks such as HSBC Holdings and Chinese telecom stocks.  European stock markets rose across the board. Benefiting from the merger news and the depreciation of...

Hong Kong stocks followed the rise of overseas stock markets.  The Hang Seng Index opened 168 points higher at 19,454 points, and then expanded its gain to 378 points, reaching 19,664 points. The upward trend then slowed down, and the index rose 236 points or 1.22% to 19,522 points throughout the day, rising for three consecutive trading days. It rose 53 points or 1.22% to 4,417 points.  The Main Board's turnover was HK$142.3 billion.  The latest core inflation in the United States was lower than expected, which raised market expectations for future interest rate cuts. U.S. bond yields fell in response, and the three major U.S. stock indexes all soared overnight.  The warming external atmosphere also helped the Hong Kong stock market, and the Hang Seng Index once again reached the 19,600 point level.  However, as the Lunar New Year approaches, the mainland is currently in a policy window period, and it will be difficult for the Hong Kong stock market to break th...

Hong Kong stocks are in a tug of war between bullish and bearish sentiments.  The Hang Seng Index opened 69 points lower at 19,149 points, which was the lowest point of the day. It then rose by as much as 99 points to 19,319 points, and rose 66 points or 0.34% for the day to 19,286 points. The Technology Index rose 11 points or 0.27% to 4,363 points.  The Main Board's turnover was HK$128.5 billion.  The Hong Kong stock market has been volatile, and the Hang Seng Index is expected to continue to hover around the 19,000 mark.  US President-elect Trump is about to officially move into the White House. Sino-US relations deserve attention. In addition, the market is still looking forward to the mainland's policies being introduced to support the economy. It is believed that the direction of Hong Kong stocks will not be seen until after the Lunar New Year.  European stock markets were all up, with UK, French and German shares rising 1.21%, 0.69% and 1.5% respectively....

The Hang Seng Index opened 27 points higher at 18,901 points, and then expanded its gain to 444 points, reaching a high of 19,318 points. It rose 345 points or 1.83% to 19,219 points, ending a six-day losing streak. The Technology Index rose 130 points or 3.08% to 4,352 points.  The Main Board's turnover was HK$157.6 billion.  The Hong Kong stock market re-crossed the 19,000 mark, which was only a short-term rebound.  Market expectations for the Fed's rate cuts continue to cool, U.S. Treasury yields rise, and the U.S. dollar continues to be strong, which is unfavorable to the RMB and even the Hong Kong stock market.  Technically, although the Hang Seng Index has re-crossed the 19,000 mark, trading volume has weakened, reflecting that investors lack confidence in entering the market. The market outlook will continue to be sluggish. The Hang Seng Index faces great resistance at 19,300 points, and there is a chance that it will test 19,000 points again.  European s...

Hong Kong stocks continued their decline from last week.  The Hang Seng Index opened 146 points lower at 18,918 points, and then the decline widened to 392 points, hitting a low of 18,671 points. The decline narrowed afterwards, and fell 190 points or 0.99% to 18,874 points throughout the day, marking the sixth consecutive trading day of decline. The index fell 38 points, or 0.91%, to 4,221 points.  The Main Board's turnover was HK$134 billion.  U.S. stocks fell significantly last Friday (10th), with the Dow Jones Industrial Average falling nearly 700 points.  Under the strong US dollar, Hong Kong stocks continued to fall on Monday (13th), and the Hang Seng Index even fell below the 19,000 mark.  The market is watching the development of Sino-US trade relations after Trump takes office as US President.  Whether the consumer price index data to be released by the United States will bring new direction to the interest rate cut timetable is also worthy of inve...

The People's Bank of China temporarily suspended its purchase of government bonds in the open market, and Hong Kong stocks fluctuated and were weak.  The Hang Seng Index opened 87 points higher at 19,328 points, and then rose as much as 129 points to 19,370 points. Selling pressure reappeared afterwards, and fell 204 points in the afternoon to 19,036 points, barely holding the 19,000 mark. The index closed down 176 points or 0.91% for the day at 19,064 points; the technology index fell 50 points or 1.17% to 4,260 points.  The Main Board's turnover was HK$144.6 billion.  The Hang Seng Index fell for five trading days last week, with a cumulative drop of 695 points or 3.52%.  The mainland is waiting for US President-elect Trump to officially take office before launching new measures to deal with the situation. The market is currently in a wait-and-see mood, and the high US 10-year bond yields have affected the performance of US and Hong Kong stocks.  It is expecte...

The Hong Kong stock market was in a tug-of-war between bulls and bears throughout the day.  The Hang Seng Index opened 25 points lower at 19,254 points, then rose by 125 points to 19,405 points. It fell 52 points to 19,227 points in the afternoon, and fell 38 points or 0.2% to 19,240 points for the day. The Technology Index outperformed and closed up 4 points. or 0.09% to 4,311 points.  The Main Board's turnover was HK$129 billion.  Hong Kong stocks have been under continuous adjustment pressure recently, which is related to external news. The minutes of the Federal Reserve's interest rate meeting showed that officials took a cautious attitude towards further interest rate cuts, which stimulated the US dollar and bond yields and was unfavorable to Hong Kong stocks.  In addition, the market is watching the policies of the next US President Trump on tariffs and other aspects. It is expected that the market will not have much breakthrough in the short term. The Hang Sen...

After opening 56 points lower at 19,390 points, the Hang Seng Index once rose 36 points to 19,483 points. Later, the selling pressure reappeared and once fell 336 points to a low of 19,111 points. The decline narrowed in the afternoon and fell 167 points or 0.86% for the whole day to 19,279 points, falling for three days in a row; the technology index fell 47 points, or 1.09%, to 4,307 points.  Main board transaction volume was HK$168.3 billion.  Since the Hong Kong stock market fell below 20,000 points, the technical trend has continued to be weak, and it is expected that there will be a chance to test the earlier low near 19,000 points.  Mainly because the market is worried that Sino-US relations will become tense after US President-elect Trump officially takes office in the White House on January 20; coupled with the recent sudden move of the Biden administration, Tencent and other companies were included in the "China "Military Enterprise List" made investors very ca...

After the Hang Seng Index opened 186 points lower at 19,501 points, the decline once extended to 435 points, reaching a low of 19,252 points. It fell 240 points or 1.22% for the whole day to 19,447 points; the Technology Index fell 40 points or 0.91% to 4,354 points.  Main board transaction volume increased to HK$205.7 billion.  At this stage, the Hang Seng Index is still trading in a tight range; the next round of upward trend will have to be driven by national policy aspirations before it is expected to break through the 20,000 mark. However, it is expected that the Hang Seng Index will fall back after rising to 21,000 points.  European stock markets developed individually, with British stocks falling 0.05%, French and German stocks rising 0.59% and 0.62% respectively.  The market's expectations for the Federal Reserve to cut interest rates have cooled, driving the U.S. 10-year bond interest rate to rise by up to 8.8 basis points to 4.704.  In addition, artifi...

The Hang Seng Index opened 88 points higher at 19,848 points and then weakened repeatedly. It once fell 132 points to 19,627 points, and fell 71 points or 0.36% for the whole day to 19,688 points. The Technology Index fell 8 points or 0.18% to 4,395 points. Main board transaction volume was HK$121.6 billion.  The recent strength of the U.S. dollar has put pressure on a number of non-U.S. currencies, which in turn has dragged down the performance of the mainland stock market. The Hong Kong stock market is currently subject to the poor performance of the mainland stock market and is in a performance window period. The mainland has not seen any major policies to support the stock market. There is no catalyst for an upward breakthrough in the short term. The Hong Kong stock market is expected to fluctuate between 19,400 and 20,000 points. However, the mainland Purchasing Managers Index data released earlier showed that the domestic retail industry showed signs of recovery. In the fu...

After the Hang Seng Index opened 85 points higher at 19,708 points, the gain expanded to 268 points, reaching a high of 19,891 points. It rose 136 points or 0.69% for the whole day to 19,760 points; the Technology Index rose 45 points or 1.04% to 4,403 points. Main board transaction volume was HK$160.3 billion.  The mainland will not introduce more policy responses until Trump officially takes office as President of the United States. It is believed that the market will be quiet in the short term. The Hang Seng Index has been consolidating sideways in the past two months, fluctuating between 19,000 and 21,300 points. It is currently about in the middle of the sideways zone. If the 100-DMA (19,391) falls, it is expected to test the support of the 150-DMA (18,857). Otherwise, if it rises above 20-DMA (19,940) has the opportunity to test the resistance of 21,300 points, but judging from the recent technical indicators, the downward opportunity is greater.  European stock marke...

Mainland China's Caixin Manufacturing Purchasing Managers Index (PMI) slowed down in December and was worse than market expectations. The market is concerned about the mainland's sluggish growth. A-shares fell more than 3%, and the Shanghai Stock Exchange fell below 3,300 points, dragging down the Hong Kong stock market's weak start to the new year.  The Hang Seng Index opened 127 points lower at 19,932 points, which was already the day's high. Later, the decline expanded to 516 points and reached a low of 19,542 points. It fell 436 points or 2.17% to 19,623 points throughout the day. The Technology Index fell 110 points or 2.47%. It was quoted at 4,357 points.  Main board transaction volume was HK$164.7 billion.  Hong Kong stocks closed above 20,000 points last year, with a cumulative gain of more than 3,000 points throughout the year.  At the end of last year, the Hong Kong stock market benefited from the window dressing effect. However, the recently released mainl...

On the last trading day of 2024, Hong Kong stocks will only be open for half a day.  The Hang Seng Index opened 38 points, or 0.19% lower, at 20,003 points, and then rose, rising 18 points, or 0.09%, to 20,059 points throughout the day, ending two consecutive losses. The Technology Index fell 32 points, or 0.72%, to 4,468 points.  The market turnover was HK$74.5 billion.  To summarize in 2024, the Hang Seng Index rose by 3,012 points or 17.6%; the KLCI rose by 703 points or 18.7%.  The Hong Kong stock market lags behind the US stock market, but it still accumulated about 3,000 points last year. In the short term, the Hang Seng Index needs to stabilize at 20,000 points before it can challenge the resistance of 21,000 points. Due to the limited upside space, the current market capitalization rate is limited.  In addition, the market is waiting to see the development of Sino-US trade relations after Trump takes office early next year. Amid the uncertainties, it is ...