Investment

Amidst the uncertain outlook for US interest rates and the mainland's official manufacturing Purchasing Managers' Index (PMI) falling 0.4 points month-on-month in July, remaining in contraction territory for four consecutive months, Hong Kong stocks fell on the last trading day of July, falling below the 25,000 mark. The Hang Seng Index opened 194 points, or 0.77%, lower and quickly fell, plummeting as much as 432 points to 24,744. It ended the day down 403 points, or 1.6%, at 24,773, marking a three-day decline and a cumulative loss of 788 points, or 3.1%. The Tech Index briefly rebounded in early trading before closing down 37 points, or 0.69%, at 5,452, extending its six-day decline to a 292-point, or 5.1% drop. Main Board turnover exceeded HK$320.6 billion . The Hang Seng Index rose 701 points, or 2.9%, in July, marking its third consecutive month of gains. The Tech Index rose 150 points, or 2.8%, in July, marking the third consecutive month of gains for both indices. Yeste...

Hong Kong stocks performed weakly on the futures settlement day. The Hang Seng Index opened 189 points, or 0.74%, lower, and the decline widened to 442 points, or 1.73%, in the afternoon, hitting a low of 25,082. The index closed at 25,176, down 347 points, or 1.36%. The Tech Index fell 153 points, or 2.72%, to 5,490. Market turnover totaled HK$319.6 billion. The US dollar has strengthened slightly recently, potentially leading to capital inflows back to the US. Hong Kong stocks are expected to weaken in the short term and will test the 25,000 level today. A break below would push them towards the 24,448 support level, potentially reversing their short-term upward trend. However, recent inflows into second-tier tech stocks, such as Kuaishou and Meitu, warrant attention for any positive earnings surprises from large tech stocks. If AI development demonstrates real progress and promise, investors may be willing to assign higher valuations. The Hang Seng Index still has a chance to reach ...

The Hang Seng Index opened 107 points lower at 25,454, then fell 309 points to 25,252. The decline gradually narrowed in the afternoon, ending the day down 37 points, or 0.14%, at 25,524. The Tech Index fell 19 points, or 0.34%, to 5,644. Main Board turnover reached HK$267 billion. Hong Kong stocks have seen significant recent gains, technically reaching overbought levels. The Hang Seng Index's volatility has further narrowed, indicating a weakening of upward momentum. Investors should be mindful of profit-taking pressure and potential reversal risks. However, the market's closely watched progress in the China-US trade negotiations remains positive. It is believed that the market will still have a slight advantage heading into futures settlement, and the Hang Seng Index is expected to hold steady above 25,000. European stock markets stabilized, with UK, French, and German stocks rising 0.6%, 0.72%, and 1.03%, respectively. The Federal Reserve began its two-day interest rate mee...

After opening 70 points higher at 25,458 points, the Hang Seng Index once expanded its gains to 279 points, reaching a high of 25,667 points, up 173 points or 0.68% for the day to 25,562 points; the Technology Index fell 13 points or 0.24% to 5,664 points. The main board turnover was HK$250.2 billion. Hong Kong stocks rebounded after a day of retreat. The overbought situation has not been completely improved. In addition, many investors may take the opportunity to reduce the weight of "crab goods" held for several years. Hong Kong stocks may face certain resistance at the 26,000 point level at this stage. The key to the breakthrough in the future market lies in whether the performance of large technology stocks can drive the stock price upward. If the performance is not ideal, there may be a wave of rights issues again, dragging down the market atmosphere. Unless there is an unexpected surprise during the August performance period, it will be difficult to rise sharply. Howeve...

Hong Kong stocks retreated, ending a five-day rally. The Hang Seng Index opened 135 points or 0.53% lower, then fell more than 300 points to 25,355 points, and fell 278 points or 1.08% to 25,388 points for the day; the Technology Index fell 65 points or 1.13% to 5,677 points. The market turnover was HK$281.7 billion. The market finally adjusted after rising for 5 consecutive days. The Hang Seng Index opened 136 points lower on Friday, and fell to the lowest point of the day at 25,355 points in the afternoon, down 312 points. It rebounded to 25,388 at the close, down 278 points. The Hang Seng Index had a low of 24,844 last week and a high of 25,735, a weekly increase of 562 points, breaking through the previous March top of 24,874 with a white candlestick, breaking the earlier sideways situation. But in the short term, Hong Kong stocks have been overbought for several days, and the adjustment of the Hang Seng Index is within expectations. The previous peak of 24,874 is expected to have ...

The Hang Seng Index opened 9 points or 0.04% lower, fell 35 points to a low of 25,502 points in the morning, then rebounded, and rose 129 points or 0.5% to 25,667 points throughout the day; the Technology Index fell 2 points or 0.04% to 5,743 points. The main board turnover was HK$294.8 billion. Overnight, the US stock market did well, and the Nasdaq and S&P 500 hit new highs. Hong Kong stocks also broke through, with the Hang Seng Index breaking through the 25,000 mark and rising for five consecutive days, up 1,168 points, reaching a high of more than 3 and a half years, and with the increase in trading, there is a chance to further challenge the 2021 high of 26,199 points in the future. But be careful that the market is currently severely overbought and adjustments may be made at any time. If the support level of 24,448 is lost, the short-term upward trend may be reversed. European stock markets performed differently, with British and German stocks rising 0.85% and 0.23% respecti...

Hong Kong stocks rose for the fourth consecutive day. The Hang Seng Index opened 218 points higher and continued to rise. The gains widened in the afternoon, rising 408 points or 1.62% to 25,538 points throughout the day; the Technology Index rose 138 points or 2.48% to 5,745 points. The main board traded HK$333 billion. The mainland's economic data exceeded expectations, driving the A-share market to continue to rise. In addition, the large-scale hydropower project in Tibet has been started despite opposition from many countries, which has also stimulated speculation in multiple sectors. Hong Kong stocks have performed strongly recently. The Hang Seng Index broke through and stabilized above 25,000, and trading has also become more prosperous. There is sufficient upward momentum, and there is a chance to further challenge the 2021 high of 26,199 points; even test the higher level of 27,019. However, if the market falls below the 24,448 support level due to overbought adjustments, ...

Hong Kong stocks rose for three consecutive days. The Hang Seng Index opened 30 points higher, regaining the 25,000 mark, and then fell 93 points to 24,900 points. It closed at 25,130 points for the whole day, up 135 points or 0.54%; the Technology Index rose 21 points or 0.38% to 5,606 points. The main board turnover exceeded HK$266 billion. The Hang Seng Index finally closed above 25,000 yesterday, but there are reservations about whether it can stabilize. Although the market turnover cooperated and the Hang Seng Index also broke through, it is technically close to the overbought level and may fall back in the short term. If the Hang Seng Index breaks through 25,130 points (yesterday's high) today, it may continue its upward trend. In the optimistic situation, it will further challenge higher levels, such as 26,199 or even 27,019 points. On the contrary, if it falls below the recent support level of the 10-DMA (24,482), it may trigger a technical correction, with initial support ...

The Hang Seng Index opened 165 points higher at 24,991 points, and then rose 185 points to 25,010 points, reaching a nearly 3.5-year high. It rose 168 points or 0.67% to 24,994 points throughout the day; the Technology Index rose 46 points or 0.84% to 5,585 points. The main board turnover was HK$263 billion. Hong Kong stocks rose for two consecutive days, and market sentiment was optimistic. The market may consolidate first due to overbought, and the target may move up to 25,500 to 26,000 points, with support below 24,300 points. In the first half of this year, the Hang Seng Index rose from about 19,932 points at the beginning of the year to 24,366 points (June 11), an increase of 22%, entering a "technical bull market".    Recently, affected by international tariff policies (such as the US tariffs on Russia and the EU), market volatility has intensified, but Hong Kong stocks remain relatively strong. Nvidia’s H20 chips will resume supply to China (although only the fourth le...

The Hang Seng Index opened 258 points higher at 24,757 points and maintained its upward trend, closing at the all-day high of 24,825 points, up 326 points or 1.33%; the Technology Index rose 89 points or 1.65% to 5,538 points. The main board traded HK$238.6 billion. Last week, the Hang Seng Index rose 686 points or 2.84%, showing a large positive candle. The technical indicators were favorable, the Bollinger Band initially expanded, and the overall trend of Hong Kong stocks was strong. It is expected that Hong Kong stocks will continue to rebound, with outstanding performance in the technology, financial and innovative drug sectors; market sentiment is optimistic, but attention should be paid to liquidity and external policy risks. If the Hang Seng Index opens the Bollinger Band top with a large positive candle this week, it is expected to break the recent sideways situation. The Hang Seng Index's high last week was 24,867 points, only 7 points away from the high on March 19. If it...

The Hang Seng Index opened 29 points higher at 24,547 points, then rose 154 points to 24,672 points, then fell 69 points to a low of 24,447 points, and fell 18 points or 0.07% to 24,498 points for the day; the Technology Index rose 30 points or 0.56% to 5,448 points. The main board traded HK$236.4 billion. The market conditions of Hong Kong stocks that rose first and then fell yesterday were not ideal, indicating that the counterattack intention of the short-term friends and big investors has increased, and the short-term friends should begin to converge their offensive. Whether the Hang Seng Index can rise above the high of 24,874 on March 19 is the key to the future market. The recent multiple attempts have failed to break through and stabilize above it, reflecting that the resistance at this level is not light. However, the mainland's retail and fixed investment data last month were not as expected, reflecting that the economy may need more stimulus measures to support it. If th...

Hong Kong stocks fell after hitting a high of about 4 months, ending the 4-day rally. The Hang Seng Index opened 113 points higher at 24,704 points, and then expanded its gains to 277 points, reaching a high of 24,867 points since March. However, it fluctuated in the afternoon and closed at the all-day low of 24,517 points, down 72 points or 0.29%; the Technology Index fell 12 points or 0.23% to 5,418 points. The main board traded HK$258.9 billion. If the Hang Seng Index fails to break through 24,874 points today and tomorrow, the market may face the risk of a decline in the future, testing the support of 23,600 points. If the neckline of the multi-top situation at 23,185 is lost, the measured decline may reach 21,900. Mainland China's GDP growth in the last quarter exceeded expectations, and China-US trade negotiations have also made progress. In addition, the latest mild inflation in the United States has increased market expectations for the Federal Reserve to cut interest rates...

The Hang Seng Index opened 78 points higher at 24,281 points and then fluctuated. It once fell 61 points to a low of 24,141 points during the session. It turned strong in the afternoon and closed at an all-day high of 24,590 points, up 386 points or 1.59%, rising for the fourth consecutive trading day; the Technology Index rose 147 points or 2.79% to 5,431 points. The main board turnover was HK$288.4 billion. The mainland's GDP grew by 5.3% year-on-year in the first half of the year, better than market expectations, and laid the foundation for the full-year economic growth target of 5%. Supported by good news, the Hang Seng Index once re-reached 24,500 points in the intraday market. The recent upward momentum of Hong Kong stocks has strengthened, and the market turnover has also remained above 200 billion yuan, reflecting that funds continue to flow into Hong Kong stocks. The market outlook is expected to continue to be strong, and the Hang Seng Index is expected to challenge the f...

The Hang Seng Index opened 39 points lower at 24,100 points and then fluctuated upward. The high point rose 128 points to 24,267 points. The whole day rose 63 points or 0.26% to 24,203 points, recording three consecutive rises; the Technology Index rose 35 points or 0.66% to 5,283 points. The main board turnover was HK$210.3 billion. Although the Hang Seng Index has recently maintained the upward track of the daily chart, it may face correction pressure if it fails to break through in the short term. The support level is around 23,900 points, and the resistance level is 24,874 points, the high in mid-March. The market continues to pay attention to the new tax rates set by the United States for other countries in the future after the three-month reciprocal tariff exemption period, but it is believed that the news will have limited impact on Hong Kong stocks. However, heavyweight technology stocks continue to be weak, and it is believed that the market will be difficult to break through ...

After opening 4 points higher at 24,033 points, the Hang Seng Index once expanded its gains to 477 points, reaching a high of 24,506 points. The upward trend reversed in the late trading, and the whole day rose by 111 points or 0.46% to 24,139 points; the Technology Index rose by 31 points or 0.61% to 5,248 points. The main board turnover increased to HK$323.9 billion. Hong Kong stocks lack rising catalysts in the short term, and the Hang Seng Index is likely to remain between 23,500 and 24,500 points. The Hang Seng Index has risen to 25,000 several times in recent weeks but failed to break through. It rose to the previous high of 24,533 last Friday and then fell sharply. It may form a small double top with another high of 24,439 in June. The neckline is at 23,185. If this level is lost, the decline may reach 21,900. The US tariff policy (especially the potential high tariffs on copper and medicines) and the weakening of the US dollar may affect investor sentiment and lead to volatilit...

The Hang Seng Index opened 26 points lower at 23,865 points, then fell 71 points to 23,820 points. It rose 195 points in the afternoon, reaching a high of 24,087 points. The full-day increase was 136 points or 0.56% to 24,028 points; the Technology Index fell 15 points or 0.29% to 5,216 points. The main board turnover was HK$246.7 billion. The US Federal Reserve's interest rate record last month showed that most officials are still waiting to see the impact of tariff policy news on inflation, and the divergence of views on the pace of interest rate cuts has widened, which is expected to continue to trouble the market. In addition, US President Trump has recently announced news of additional tariffs, which is believed to also drag down the market atmosphere. Hong Kong stocks lack a catalyst for short-term growth, and the Hang Seng Index is likely to remain between 23,500 and 24,500 points. Hong Kong stocks have been fluctuating in a narrow range recently, lacking a sense of directio...

The Hang Seng Index opened 86 points lower at 24,061 points and continued to fall, falling 320 points to 23,827 points. It fell 255 points or 1.05% to 23,892 points throughout the day; the Technology Index fell 93 points or 1.76% to 5,231 points. The main board turnover was HK$233.8 billion. The Hong Kong stock market sentiment was cautious, and investors took a wait-and-see attitude towards the future market. The Hang Seng Index has fluctuated between 23,700 and 24,373 points recently. As long as the Hang Seng Index holds the 50-day moving average (23,556), the future market should not be too pessimistic, and there is still a chance to challenge the high of 24,874 points on March 19. US President Trump confirmed that August 1 is the deadline for the new reciprocal tariffs. At the same time, he said that the United States will impose a new 50% tariff on imported copper, and the semiconductor and pharmaceutical industries are also targets for future tariffs. With the uncertain outlook f...

Hong Kong stocks ended a three-day losing streak. The Hang Seng Index opened 39 points higher at 23,927 points, and then rose 271 points to 24,159 points, up 260 points or 1.08% for the day to 24,148 points; the Technology Index rose 96 points or 1.84% to 5,325 points. The main board turnover was HK$213.2 billion. The market is concerned that after the three-month reciprocal tariff exemption period of the United States, the new tariff rates set for other countries in the future may have an impact on the investment market. However, Hong Kong stocks have adjusted last week, which may have reflected the relevant negative factors. Technically, the support of the Hang Seng Index is still moving up, reflecting that the market is still able to withstand sufficient pressure. As long as the 50-DMA (23,518) is maintained, the market outlook should not be pessimistic, and it may challenge the high of 24,874 points on March 19. The market is waiting for the results of the US-European trade negotia...

The Hang Seng Index opened 87 points lower at 23,828 points, then fell 202 points to 23,713 points, and fell 28 points or 0.11% to 23,887 points throughout the day; the Technology Index rose 13 points or 0.25% to 5,229 points. The main board turnover was HK$193.7 billion. Hong Kong stocks lack momentum, mainly because there is no good news catalyst. Although the Hang Seng Index is still under certain pressure, as long as the Sino-US trade relations do not suddenly deteriorate, the downward adjustment space is not expected to be large. It has defensive power at the 50-DMA (23,473). The upper mid-March high of 24,874 has great resistance, and the short-term range is maintained at 23,473～24,874. Investors continue to adopt the strategy of speculating in stocks rather than speculating in the market. Northbound funds focus on theme stocks, such as tea stocks, etc. The market will rise by relying on the revaluation of Chinese technology stocks, but it will have to wait for new favorable poli...

Hong Kong stocks failed to hold the 24,000 mark at the close of last Friday. The Hang Seng Index opened 169 points or 0.7% lower at 23,900 points, and then the decline widened to 379 points, hitting a low of 23,690 points before stabilizing. The decline narrowed significantly in the afternoon, and the whole day fell 153 points or 0.63% to 23,916 points; the technology index rose in the afternoon, and closed down 17 points or 0.33% at 5,216 points. The main board of the market traded more than HK$267.8 billion. The weakness of the Hong Kong dollar triggered the weak side convertibility guarantee again, and the HKMA entered the market twice during the New York session. Funds flowed out of Hong Kong mainly because the geopolitical situation eased and the demand for risk aversion decreased, but the Hong Kong stock market had a strong trading earlier, which was mainly driven by Northbound funds. As long as Northbound funds are still willing to speculate on Hong Kong stocks, it is believed t...

The Hang Seng Index opened 12 points higher at 24,234 points and then fell back, falling 301 points to 23,920 points at one point, and fell 151 points or 0.62% to 24,069 points for the whole day; the Technology Index fell 35 points or 0.67% to 5,233 points. The main board turnover was HK$231.2 billion. Yesterday, the index fluctuated and was weak. It opened slightly higher in the morning and then fell back. The decline intensified in the afternoon, indicating that the market was cautious. The recent resistance level is the mid-March high of 24,874 points. The 20-day moving average (24,009) support should not be lost, otherwise it must retreat to around 23.700. The market is concerned about the US Federal Reserve's interest rate cuts and the progress of trade tariff negotiations, which affect investor confidence. Technology stocks performed relatively stable, but there was a large selling pressure on state-owned enterprise stocks. It is expected that the Hong Kong stock market will ...

Hong Kong stocks closed higher on the first trading day of the second half of the year. The Hang Seng Index opened 232 points higher at 24,304 points, then rose 300 points to 24,372 points, and then the upward trend slowed down, closing up 149 points or 0.62% at 24,221 points for the day; the Technology Index fell 33 points or 0.63% to 5,269 points. The main board turnover was HK$240.2 billion . The Hang Seng Index fluctuated and was weak at the end of June. Technical analysis pointed out that the 20-DMA (23,988) is a key support level. If it falls below, it may fall further. Another analysis mentioned that the index needs to break through the March high of 24,874 points before there is room for further rise, and faces long-term downward resistance from the highs of 2018 and 2021. From the technical trend, the Hang Seng Index has been a "negative candle" for four consecutive trading days, that is, the daily trend is high opening and low closing. In addition, the current valua...

Hong Kong stocks were weak at the half-year end. The Hang Seng Index opened 9 points lower at 24,274 points and continued to fall. It fell 219 points to 24,064 points in the late trading. It fell 211 points or 0.87% to 24,072 points for the whole day; the Technology Index fell 38 points or 0.72% to 5,302 points. The main board turnover was HK$242.2 billion. Considering the recent continuous rise of the index, the market may enter a consolidation phase, fluctuating between 24,000 and 24,500 points to digest the previous gains. If the big financial sector continues to be weak or foreign capital outflows intensify, the index may fall back below 24,000 points. The first support is at the 20-day line (23,952). If there is bad news in the trade war and other aspects, it may test the 50-day line (23,273). If the market continues to be bullish and foreign capital inflows continue, the index may continue to repeatedly test the resistance level of 24,874 points. If technology stocks can break th...