Investment 3/7/2024

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 valuation of Hong Kong stocks is not cheap, with a price-earnings ratio of more than 12 times and an expected  dividend rate of only 3.2%. Unless there are major positive factors, it is difficult to further push up the market. It is currently maintaining a range of fluctuations.


European stock markets have different trends, with French and German stocks rising 0.99% and 0.49% respectively. But on the other hand, the British financial market is unstable due to concerns about the resignation of the finance minister. The pound has fallen by 1.33%, and the British stock market has closed down 0.12%. The foreign exchange and bond markets are under significant pressure.


As the deadline for trade negotiations on July 9 approaches, the United States and Vietnam have reached a trade agreement. US stocks developed individually on Wednesday. The Dow Jones Industrial Average, which had risen for several days, opened 39 points lower, and then the decline widened to 140 points, hitting a low of 44,354 points; the S&P 500 rose 0.48% repeatedly, breaking the peak and setting a record high at the close; the Nasdaq Composite Index performed relatively strongly, rising as much as 0.96% and setting a record high at the close, driven by the good stock prices of Tesla, Nvidia and Apple.


At the close of the US stock market, the Dow Jones Industrial Average fell slightly by 10 points or 0.02% to 44,484 points; the S&P 500 rose 29 points or 0.47% to 6,227 points; and the Nasdaq rose 190 points or 0.94% to 20,393 points.


The US dollar index rose 0.34% to 97.152, and then turned to a mild decline; the euro fell 0.5% to $1.1747, and the yen fell 0.58% to 144.25 per dollar. Bitcoin rose as much as 4.05% to $109,709.


Beijing’s foreign ministry responds to the exiled spiritual leader who says his office has sole authority to recognise next Dalai Lama

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Investment 29/4/2026

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Investment 24/4/2026

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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...
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Investment 27/4/2026

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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 ...
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