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目前顯示的是 3月, 2025的文章

Investment 1/4/2025

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The Hang Seng Index opened 219 points lower at 23,207 points, and fell 423 points to 23,002 points at one point. The decline then narrowed, and the full-day decline was 307 points or 1.31% to 23,119 points; the Technology Index fell 111 points or 2.02% to 5,394 points. The Main Board's turnover was HK$257.3 billion. The four major banks (BOC, CCB, BOC, and Postal Savings Bank of China) will issue additional shares worth 520 billion yuan to supplement core capital, of which the Ministry of Finance plans to subscribe for 500 billion yuan. The Ministry of Finance’s subscription funds come from the issuance of special government bonds. The market is watching as US President Trump plans to impose a 20% reciprocal tariff on the world on April 2. Amid uncertain factors, the adjustment pressure on US stocks may increase. Hong Kong stocks are inevitably affected by external factors. In addition, the earnings season is coming to an end and the positive policy news from the mainland has also ...

Investment 31/3/2025

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On the futures settlement day, the Hang Seng Index opened 94 points higher at 23,672 points, and then rose 196 points to 23,775 points. It then encountered resistance and fell, falling 324 points to 23,254 points. It fell 152 points or 0.64% for the day to 23,426 points, ending a two-day rally; the Technology Index fell 82 points or 1.47% to 5,506 points. The Main Board's turnover was HK$229.6 billion. Hong Kong stocks fell for three consecutive weeks, with the Hang Seng Index falling 804 points, marking the longest decline in five months. It fell 263 points or 1.11% for the week. The Tech Index fell more than the Hang Seng Index and has been falling for three consecutive weeks, with a cumulative drop of 530 points or 8.79%. The recent reduction in trading volume of Hong Kong stocks reflects that investors are cautious in entering the market. Even though the bottom of the Hong Kong stock market is relatively strong and it recorded an increase of more than 6,000 points in the first ...

Investment 28/3/2025

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The Hang Seng Index opened 60 points higher at 23,543 points, then fell 110 points to 23,372 points. It then rose 382 points to 23,865 points, and rose 95 points or 0.4% for the day to 23,578 points. The Technology Index rose 16 points or 0.28% to 5,589 points. Main board turnover increased to HK$239.6 billion. Affected by US President Trump's tariff policy, US stocks continued to adjust. As for the Hong Kong stock market, there has been a recent struggle between bulls and bears, and overall trading volume has also shrunk, reflecting that investors are cautious in entering the market. Hong Kong stocks have risen a lot from lows. The market is currently in a state of healthy adjustment after a sharp rise. It is expected that the Hang Seng Index will mainly consolidate at the 20-DMA(23,778) in the short term. Before the US tariffs are settled on April 2, the Hong Kong stock market will fluctuate and have no clear direction. Most of the positive factors may reflect that more data may ...

Investment 27/3/2025

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The Hang Seng Index opened 116 points higher at 23,460 points, and then rose 252 points to 23,596 points, up 139 points or 0.59% for the day to 23,483 points; the Technology Index rose 55 points or 1% to 5,573 points. Main board trading volume dropped to HK$199.7 billion . The Hong Kong stock market has seen a significant adjustment in recent days. Although it rebounded yesterday, it was still technically constrained by the 20-DMA (23,785), and the trend showed signs of weakening. In addition, many companies "died in the spotlight" after announcing their results, and some companies took advantage of high share allotments to raise funds, which also dragged down the performance of the overall market. However, the Hang Seng Index has already adjusted a lot and there is limited room for further decline in the short term. Looking ahead, Morgan Stanley raised its year-end target for the Hang Seng Index from 24,000 points to 25,800 points, which represents a 9.86% upside from yester...

Investment 26/3/2025

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The Hang Seng Index opened 262 points lower at 23,643 points, and the decline w$idened to 583 points at one point, hitting a low of 23,321 points. It fell 561 points or 2.34% for the day to 23,344 points; the Technology Index fell 219 points or 3.82% to 5,517 points. The main board traded  HK$ 285.2 billion . Although the United States may narrow the scope of import tariffs, the trade relationship between the two countries remains unclear, which is expected to drag down the market sentiment. The Hong Kong stock market is worried about the wave of fund-raising and withdrawal. The Hang Seng Index lost its 20-DMA (23,800) and the trend quickly turned bad. The short-term resistance to return to this level is not light and it cannot be easily broken through. The risk-reward ratio of entering the market is not high at this stage. UK, French and German stocks rose 0.3%, 1.08% and 1.13% respectively. Although tariff concerns have caused U.S. consumer confidence to fall to a four-year low, ...

Investment 25/3/2025

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Hong Kong stocks ended last week's two-day decline.  The Hang Seng Index opened 59 points higher at 23,749 points, then fell 158 points to 23,531 points. The trend improved in the afternoon, rising 277 points to 23,967 points. It closed up 215 points or 0.91% at 23,905 points for the day. The Technology Index rose 97 points or 1.72% to 5,736 points.  The main board traded HK$233.1 billion.  The Hong Kong stock market adjusted significantly last week and showed signs of weakening.  Fortunately, the Hang Seng Index regained the important support of the 20-DMA (23,784) that it had lost yesterday. The market is expected to resume its upward trend and challenge the new high of 24,874 points this year set last week, but the 25,000 mark is not easy to resist.  European stock markets fell across the board, with British and German stocks both closing down about 0.1% and French stocks down 0.26%.  Concerns about the United States imposing import tariffs eased slightl...

Investment 24/3/2025

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After opening 110 points lower last Friday, the Hang Seng Index slightly rebounded by 10 points to 24,230 points in the early trading session. Selling pressure reappeared afterwards and the decline gradually widened. In the afternoon, it fell 642 points to a low of 23,577 points. It fell 530 points or 2.18% throughout the day and closed at 23,689 points, falling below the 20-DMA(23,756).  The technology index fell 196 points, or 3.37%, to 5,639 points.  The Main Board's turnover was HK$339 billion.  The Hong Kong stock market fell for the second consecutive day, with the Hang Seng Index falling 1,081 points in two days. For the whole week, the Hang Seng Index fell 270 points or 1.12%, and the trend showed signs of deteriorating.  The market's mid-term uptrend started from the low of 18,671 points on January 13 this year. There were two obvious pullbacks during the period until last Friday. The first was the Hang Seng Index falling from the high of 24,076 points on Fe...

Investment 21/3/2025

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The Hang Seng Index opened 17 points lower at 24,753 points and continued to be weak. The decline intensified in the afternoon, falling 584 points to 24,186 points. It closed down 551 points or 2.22% at 24,219 points for the day. The Technology Index fell 204 points or 3.39% to 5,836 points.  The main board traded HK$294.8 billion .  As expected, the U.S. Federal Reserve kept the interest rate unchanged. The dot plot showed that two interest rate cuts are expected this year, strengthening the market's expectations of a downward trend in future interest rates.  In addition, the authorities will also slow down the pace of balance sheet reduction to reduce the pressure of rising debt interest rates, which will also be beneficial to the investment atmosphere and the US stock market performed well overnight.  Hong Kong stocks have been rising recently driven by technology stocks, but the Hang Seng Index has accumulated a lot of gains. It is expected to face certain resist...

Investment 20/3/2025

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The Hang Seng Index opened 42 points lower at 24,697 points and then struggled between bulls and bears. It fell 138 points to 24,601 points, and then rose 133 points to 24,874 points, the highest in more than three years. It rose 30 points or 0.12% for the day to 24,771 points; the Technology Index fell 64 points or 1.05% to 6,041 points. The main board traded HK$271.8 billion .  Hong Kong stocks have repeatedly hit new highs and trading has remained active, reflecting that funds are still flowing into the Hong Kong stock market. The Hang Seng Index broke through the previous high of 24,669 points. It is expected that the market bottom will still be strong and there is a chance to test the 25,000 point mark in the short term. In fact, the Hang Seng Index started its upward trend from a low of 18,671 points at the beginning of the year. After several adjustments, it still maintained its 20-DMA (23,663), reflecting that the support level is strong. As long as it can be maintained a...

Investment 19/3/2025

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The Hang Seng Index opened 533 points higher at 24,679 points and maintained its upward trend. It rose 599 points in the afternoon to 24,745 points, a new high in more than three years. It closed close to the high for the day, up 595 points or 2.46% to 24,740 points, rising for the third consecutive trading day; the Technology Index rose 232 points or 3.96% to 6,105 points.  The main board traded HK$285.9 billion .  The current market trend is constrained by two major factors, including China's economic growth prospects and US President Trump's tariff policy on China, both of which cast a shadow over the Chinese and Hong Kong stock markets.  After a round of sharp rise, the technical trend of Hong Kong stocks showed signs of weakening. Coupled with the serious overbought situation, the Hang Seng Index may have to return to the previous high of 24,669 points for consolidation before going up again in the short term.  Germany made history by passing a bill to increase ...

Investment 18/3/2025

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The Hang Seng Index opened 266 points higher at 24,226 points, and then rose 392 points to 24,352 points. The upward trend slowed down in the afternoon, and the index rose 185 points or 0.77% to 24,145 points throughout the day. The Technology Index fell 7 points or 0.13% to 5,872 points.  The Main Board's turnover was HK$244.8 billion.  The Hong Kong stock market has been active recently and is expected to remain strong in the future. The Hang Seng Index is temporarily constrained by the previous high of 24,669 points in the short term. There is great resistance to reaching 26,000 points. If it breaks through, the mid-term target will be 30,000 points.  If there is an adjustment, the support below the Hang Seng Index is at the 20-DMA (23,484).   The mainland has introduced a number of measures to boost consumption, and the latest economic data is better than expected. Heavyweight blue chips will release their report cards one after another. If corporate perform...

Investment 17/3/2025

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Mainland China will hold a meeting next Monday to discuss boosting consumption, and Hong Kong stocks rebounded after five consecutive declines.  The Hang Seng Index opened 190 points higher at 23,653 points. After the struggle between bulls and bears, the upward trend gradually expanded, rising 650 points at one point to a high of 24,113 points. The full-day increase was 497 points or 2.12% to 23,959 points; the Technology Index rose 133 points or 2.31% to 5,880 points.  The main board traded HK$ 290.6 billion .  US President Trump threatened to impose further tariffs on the European Union, and the market was worried that it would trigger a global trade war, and the US stock market continued to be under pressure.  As for the Hong Kong stock market, it is not greatly affected by external factors. It rebounded significantly on Friday (14th), but it is difficult to break through the previous high of 24,669 points. In the short term, it is expected to fluctuate around th...

Investment 14/3/2025

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The Hang Seng Index opened 16 points higher at 23,616 points, and then rose 112 points to 23,712 points. It then encountered resistance and fell back. It fell 401 points in the afternoon to a low of 23,198 points. It fell 137 points or 0.58% for the day to 23,462 points. The Technology Index fell 97 points or 1.67% to 5,747 points.  The Main Board's turnover was HK$233.8 billion.  The US consumer price index last month was lower than expected, reducing market concerns about inflation.  However, more tariff measures were announced at the same time, dragging the Dow Jones Industrial Average down overnight.  The external environment continued to fluctuate, and the Hong Kong stock market fell for five consecutive days. The Hang Seng Index fell by 907 points, marking the longest decline this year.  However, the Hong Kong stock market has shown resilience recently. Although the Hang Seng Index has temporarily fallen below the 24,000 mark, there is little pressure for ...

Investment 13/3/2025

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The Hang Seng Index opened 77 points higher at 23,859 points, and rose 179 points to a high of 23,962 points. It then fell back, dropping 418 points at one point to a low of 23,363 points. It fell 181 points or 0.76% for the day to 23,600 points. The Technology Index fell 121 points or 2.04% to 5,845 points.  The main board traded HK$278.4 billion .  US President Trump's concerns about the Federal Reserve's interest rate direction and the imposition of tariffs on foreign countries continued to trouble the US stock market, and the three major indexes fell overnight.  As for Hong Kong stocks, they have been relatively strong recently with the support of southbound funds. However, northbound funds turned to net selling of 4.04 billion yuan on Tuesday (11th). The market is inevitably affected. The Hang Seng Index is expected to continue to be constrained by the 24,000 level and will mainly fluctuate around the 20-DMA (23,258) in the short term.  European stock markets pe...

Investment 12/3/2025

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The Hang Seng Index opened 508 points lower at 23,274 points, and then fell 545 points to 23,238 points. The decline narrowed and the index rose 75 points to 23,858 points. It closed down 1 point at 23,782 points. The Technology Index rose 81 points, or 1.38%, to 5,967 points.  The main board traded. HK$ 307 billion .  The market is worried that the US economy will fall into recession. The three major US stock indexes fell sharply overnight. It is believed that short-term adjustment pressure still exists.  Hong Kong stocks followed the external market downward on Tuesday (11th), but the decline narrowed due to the continued inflow of northbound funds.  Investors are concerned about whether the mainland will take further favorable measures to support the economy. At the same time, the market is looking forward to the meeting between the Chinese and US heads of state, which may boost the stock market performance.  However, the Hang Seng Index has not faced much re...

Investment 11/3/2025

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The Hang Seng Index opened 115 points lower at 24,115 points, and then rose 61 points to 24,292 points. The selling pressure then intensified, and it fell 598 points to 23,632 points in the afternoon. It fell 447 points or 1.84% for the day to 23,783 points; the Technology Index fell 151 points or 2.51% to 5,885 points. The main board's turnover exceeded HK$ 301.8 billion .  The economic data released recently in the mainland was worse than expected, and the pressure on the stock market has gradually emerged. The Hong Kong stock market has risen a lot since February, and the Two Sessions market has also fermented to a certain extent. In the absence of positive news and severe overbought, the Hang Seng Index must consolidate. It is expected that the up gap of last Thursday (23,636 to 23,987) will be filled today, and there is a chance to test the 20-DMA (23,046) support.  European stocks fell across the board, with UK, French and German stocks falling 0.92%, 0.9% and 1.69% r...

Investment 10/3/2025

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The Hang Seng Index opened 187 points lower at 24,182 points, and then fell 304 points to 24,065 points. It then rose 299 points to hit a more than three-year high of 24,669 points. However, selling pressure reappeared later, with a daily decline of 138 points or 0.56% to 24,231 points; the Technology Index fell 31 points or 0.51% to 6,037 points.  The main board traded HK$383.1 billion .  For the whole week, the Hang Seng Index rose by 1,289 points or 5.62%, reversing the decline of the previous week.  The US stock market continues to adjust. As funds have the opportunity to flow back to the European or China and Hong Kong markets, it is expected that the Hong Kong stock market will not be greatly affected by external shocks.  The Hang Seng Index re-entered 24,000, breaking through the large sideways zone, and the market outlook remains volatile.  Severely overbought, short-term consolidation is expected, and the upward gap from last Thursday (23,636 to 23,987)...

Investment 7/3/2025

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The US-China stock index performed well overnight, and the Hong Kong stock market re-entered the 24,000 mark, setting a three-year high.  The Hang Seng Index opened 392 points higher and continued to rise, rising as much as 816 points in the afternoon to 24,410 points. It rose 775 points or 3.29% for the day to 24,369 points. The Technology Index rose 310 points or 5.4% to 6,068 points.  The market turnover was HK$377.1 billion .  The Hang Seng Index has re-crossed the 24,000 mark and is expected to challenge the 24,500 level in the future. The support below is at 23,500 points. Although the market still has momentum in the short term, we must pay attention to external tariff policies and mainland economic measures, which may cause market fluctuations.  Be careful of the so-called DeepSeek effect. In addition to leading technology stocks, data center and AI application stocks are also being hyped. Be aware that the share prices of related stocks are highly volatile a...

Investment 6/3/2025

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The Hang Seng Index opened 258 points higher at 23,200 points, and then rose as much as 694 points to 23,636 points. It rose 652 points or 2.84% to 23,594 points for the day. The Technology Index rose 222 points or 4.01% to 5,757 points.  The main board traded HK$ 258.6 billion .  An important meeting in the mainland proposed to "maintain 5%" as the economic target for this year, and the fiscal budget deficit ratio was adjusted to around 4%, the highest level in more than 30 years, which strengthened market confidence.  Hong Kong stocks rebounded on Wednesday (5th) and re-entered the 23,000 mark, but the 10-DMA (23,242) was lost again, and the overbought situation was very serious. It is expected that the short-term will consolidate around the 10-DMA before it can reach the 24,000 mark again.  In the medium and long term, the target of 25,000 points remains unchanged.  Germany's plan to relax fiscal policy boosted the stock market, with German stocks rising 3.38...

Investment 5/3/2025

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The new US tariff measures dragged down the investment atmosphere. The Hang Seng Index opened 328 points lower at 22,678 points, and then fell 458 points to 22,547 points. The decline then gradually narrowed. It rose 44 points in the afternoon to 23,051 points. It fell 64 points or 0.28% for the day to 22,941 points. The Technology Index fell less than 1 point to 5,535 points.  The main board traded HK$269.5 billion .  The market has already had certain expectations for the news that the United States will impose additional tariffs on China, but the United States imposes a 25% tariff on Mexican and Canadian goods. The market is worried that this may push up US inflation and cause volatility in the US stock market, and Hong Kong stocks may be dragged down.  It is expected that the initial support of the Hang Seng Index will be at the 20-DMA (22,455). If it fails, there is a chance to test 22,000 points.  However, as the two sessions of the mainland have officially kic...

Investment 4/3/2025

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Mainland manufacturing data exceeded expectations, but Hong Kong stocks fluctuated on the first trading day of March.  The Hang Seng Index opened 193 points higher at 23,135 points, and the increase once expanded to 464 points, reaching a high of 23,405 points. However, it came under pressure in the afternoon and fell 79 points to 22,861 points. It rose 64 points or 0.28% for the day to 23,006 points; the Technology Index fell 32 points or 0.58% to 5,535 points.  The main board traded HK$301.8 billion .  The market is looking forward to the release of favorable policies at the two sessions. The Hang Seng Index rebounded on Monday (3rd) following the external market, but it has not been able to regain the 10-DMA (23,181). Even if it rebounds again, it is believed that it will still be constrained by the 24,000 level in the short term, and 22,500 to 22,800 points are the lower defense levels.  In the medium and long term, the target of 25,000 points remains unchanged....

Investment 3/3/2025

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Under the shadow of tariffs, Hong Kong stocks were under significant pressure on the last trading day of February. The Hang Seng Index opened 102 points lower at 23,616 points and continued to fall. It fell 919 points to 22,798 points in the afternoon, and fell 776 points or 3.27% for the day to 22,941 points. The Technology Index fell 312 points or 5.32% to 5,568 points.  The main board traded HK$406.2 billion .  The Hong Kong stock market has accumulated a lot of gains. At this stage, the Hang Seng Index faces certain resistance at 24,000 points. In addition, the market is worried that the Sino-US trade war will escalate again, which has led to a pullback in the Hong Kong stock market.  It is crucial to note whether the Hang Seng Index can return to above the 10-DMA (23,142) today. If it wants to retrace the fibo 0.382 of this uptrend, it will reach the 22,000 point level.  If it falls below, there is a chance of a pullback to a deeper level.  In the current v...