Investment 7/7/2025

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 that the trend will not suddenly deteriorate. Investors should pay close attention to the performance of technology stocks, capital flows and global markets, especially the trend of US stocks after the opening.


Last Friday, the Hang Seng Index failed to hold the 20-DMA (24,009). Today, 23,859 points is the key support level. In the short term, it will fluctuate in the range of 23,700-24,373 points. The two highs of 24,439 and 24,533 points in the Hang Seng Daily Chart in June formed a small double top, with the neckline at 23,185 points. If it falls below the neckline, it can reach 21,900 points.


The U.S. stock market was closed last Friday (July 4, 2025) because of Independence Day, which is a national holiday in the United States. The New York Stock Exchange (NYSE) and Nasdaq usually stop trading on this day. It is mainly related to the weakness of heavyweight technology stocks. The dividend stocks that previously drove the market upward have little room for growth. It is expected that investors tend to speculate in stocks rather than the market. The Hang Seng Index will be in a short-term trend.

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