Investment 17/2/2025

The Hang Seng Index opened 212 points higher at 22,027 points, and then extended gains in the afternoon, closing at the intraday high of 22,620 points, up 805 points or 3.69%. The Technology Index rose 290 points or 5.55% to 5,526 points.  The main board traded HK$ 364.6 billion .


For the whole week, the Hang Seng Index rose 1,486 points or 7.03%.


 Hong Kong stocks turned to decline last Thursday, a day with large transactions. It was a reasonable correction after a sharp rise, and the upward trend was resumed on Friday (14th).  Looking back, the Hang Seng Index broke through the 21,000-point resistance with a large white candlestick last week, and further approached the top of the large sideways zone at 22,700 points last week. This week, as long as the Hang Seng Index holds the 10-DMA (22,421), if it breaks through the high of 23,241 points in October last year and stabilizes, it will be confirmed that it has broken through the large sideways zone, and the mid-line measured increase can reach 30,000 points.  However, if the Hong Kong stock market undergoes a short-term adjustment due to severe overbought conditions, the Hang Seng Index will have support at the low of 21,500 points.  The market is gradually digesting the news related to tariffs, and coupled with the expectation that the two sessions in the mainland may introduce policies to support the economy, Hong Kong stocks are still expected to rise in February.  However, once we enter the March earnings season, if economic data and policies are not as expected, the market may experience a correction.


 European stock markets developed individually, with UK and German stocks falling 0.37% and 0.44% respectively, while French stocks rose 0.18%.


 The market is still digesting the reciprocal tariff measures announced by the Trump administration. U.S. stocks consolidated at high levels in early trading on Friday. The Dow Jones Industrial Average opened slightly higher by 9 points, then fell as much as 212 points to a low of 44,499 points. The S&P 500 rose 0.2%, while the tech-heavy Nasdaq rose 0.29%.


 At the close of U.S. stocks, the Dow Jones Industrial Average was at 44,546, down 165 points. The S&P 500 fell less than 1 point, or 0.01%, and the Nasdaq rose 81 points, or 0.41%.


 The U.S. dollar index fell 0.59% to 106.678, while the Japanese yen rose 0.48% to 152.07 per dollar; the eurozone's fourth-quarter economic growth was revised upward to 0.1% quarter-on-quarter, and the euro rose 0.34% to $1.0501.  Bitcoin rose 1.04% to $97,499.

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