Investment

The Hang Seng Index opened 96 points higher at 25,095, then expanded its gains to 278 points, reaching a high of 25,277. The index rose 78 points, or 0.31%, to 25,077 for the day. The Tech Index rose 30 points, or 0.53%, to 5,674. Main Board turnover reached HK$335.6 billion. For August, the Hang Seng Index rose 304 points, or 1.22%, marking its fourth consecutive month of gains. For the week, it fell 261 points, or 1.03%. Although Hong Kong stocks stabilized after three consecutive days of decline last Friday, they failed to close above the 20-DMA (25,165). Fortunately, the Hang Seng Index's 14-day RSI remains some distance from overbought levels, suggesting continued optimism for the market outlook, with the potential for new highs this year. However, if support from the 50-DMA (24,881) is breached, a correction to 23,375 is possible. Because: Based on the golden ratio, the Hang Seng Index rose from its April low of 19,260 to its recent high of 25,918, a cumulative increase of 6,...

The Hang Seng Index opened 171 points lower at 25,030 and continued its decline, falling 392 points to 24,808. The index ended the day down 202 points, or 0.8%, at 24,998. The Tech Index fell 53 points, or 0.93%, to 5,644. Main Board turnover was HK$391.4 billion. As expected, the Hang Seng Index fell below its 20-DMA (25,137) at the opening yesterday and closed below 25,000. Hong Kong stocks encountered resistance at high levels, and increased trading volume in a bearish market suggests potential profit-taking. Signs of overbought mainland Chinese stocks could also drag down Hong Kong stocks. We expect Hong Kong stocks to consolidate ahead of the US interest rate cut in mid-September, but the overall market outlook is not bad. As long as it holds above the 50-DMA  (24,744), there is no need to worry about the market outlook. Investors may consider taking profits, but not completely liquidating their positions. The market is expected to continue to test the 26,000 mark. The Hong Ko...

The Hang Seng Index opened 101 points higher at 25,626, then rose 129 points to 25,653. However, it came under pressure in the afternoon, falling 384 points to a low of 25,140. For the day, it was down 323 points, or 1.26%, at 25,201. The Tech Index fell 84 points, or 1.46%, to 5,697. Main Board turnover totaled HK$371.3 billion. After two days of correction, the Hong Kong stock market's 14-day Relative Strength Index (RSI) has fallen back to 65, below 80, temporarily easing its overbought conditions. However, the Hang Seng Index is expected to revisit its 20-DMA (25,126) in the short term. If it fails to break below this level, it could potentially test 24,800 points. The market could continue to fluctuate upward, potentially testing the 26,000 mark. At this stage, estimating a top is of little significance. As long as a turning point signal (14-day RSI above 80) is not present, the Hong Kong stock market can maintain its upward momentum. European stock markets showed mixed result...

The Hang Seng Index opened 115 points lower at 25,714, narrowing its losses to 10 points. However, selling pressure intensified in the afternoon, ultimately closing at an all-day low of 25,524, down 304 points, or 1.18%. The Technology Index fell 42 points, or 0.73%, to 5,782. Main Board turnover was HK$317.8 billion. Due to the market's rapid short-term upward trend, overbought conditions, and profit-taking, the Hang Seng Index adjusted as expected yesterday, falling below its previous high of 25,766 points. The index may revisit its 20-DMA (25,124) in the near term. A break below this level could lead to a test of 24,800 points. The Hang Seng Index may need to complete its consolidation in the short term before it has a chance to test the 26,000 mark. European stock markets came under pressure as the French government faced a crisis of collapse. French stocks closed down 1.7%, led by financial stocks. British and German stocks also fell 0.6% and 0.5%, respectively. After opening ...

Expectations of a Federal Reserve rate cut boosted Hong Kong stocks. The Hang Seng Index opened 267 points higher at 25,606, then expanded its gains to 579 points, reaching a near four-year high of 25,918. It ended the day up 490 points, or 1.93%, at 25,829. The Tech Index rose 177 points, or 3.14%, to 5,825. Main Board turnover reached HK$369.6 billion . Federal Reserve Chairman Powell's dovish tone at the Jackson Hole Global Central Bank Forum further reaffirmed market expectations for a September rate cut, positively impacting the stock market. The upward trend in Hong Kong stocks is expected to continue, with the Hang Seng Index potentially challenging 26,000 to 26,200 points, or even 27,500. Further breakthroughs will depend on the progress of rate cuts and the performance of blue-chip stocks. Furthermore, Hong Kong stocks may experience an overbought correction in the current session, retracing to the 20-DMA (25,124). A break below this level could lead to a test of 24,800 po...

The Hang Seng Index opened 100 points higher at 25,205 and maintained its upward trend, rising as much as 244 points to 25,349. The index rose 234 points, or 0.93%, to 25,339 for the day. The Tech Index rose 149 points, or 2.71%, to 5,647. Main Board turnover reached HK$285.5 billion. For the week, the Hang Seng Index gained 69 points, or 0.27%, marking its third consecutive week of gains, totaling 831 points. Last Friday, the Hang Seng Index finally broke through its sideways trend around its 20-DMA (25,111). Today, it may break through significant upward resistance: the August 14 high of 25,766 points, challenging the 26,000 level. Recent earnings reports from listed companies have generally met expectations, reflecting the gradual improvement of the mainland economy. Coupled with the impending interest rate cut cycle, the Hong Kong stock market is expected to continue its upward trend in the second half of the year. The Hang Seng Index is expected to test 27,500 points, and in an op...

The Hang Seng Index opened 50 points higher at 25,216 before fluctuating lower, falling 165 points at one point, barely holding above the 25,000 mark. The index ended the day down 61 points, or 0.24%, at 25,104. The Tech Index fell 42 points, or 0.77%, to 5,498. Main Board turnover totaled HK$239.4 billion. The Hang Seng Index has been moving around its 20-DMA (25,113) for several consecutive days. If it falls below this level, it will test support at its 50-DMA  (24,600). In the short term, the index will primarily fluctuate between 24,500 and 25,800 points. If earnings from key tech stocks are negative, the Hang Seng Index could still challenge the 26,000 to 26,200 levels. The market is closely watching Federal Reserve Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Meeting on Friday to see whether he will hint at a resumption of interest rate cuts as early as September. Furthermore, mixed corporate earnings performance has led to a market where speculatio...

The Hang Seng Index opened 154 points lower at 24,968, then fell 234 points to 24,887. It reversed course in the afternoon, rising 88 points to a high of 25,210. The index rose 43 points, or 0.17%, to 25,165, ending a four-day losing streak. The Tech Index fell less than 1 point, or 0.01%, to 5,541. Main Board turnover reached HK$285.2 billion. Yesterday, the Hang Seng Index just reclaimed its 20-day moving average (25,165). It is expected to fluctuate primarily around the 20-DMA  in the short term. If it falls below 25,000, it could test support at the 50-DMA  (24,585). Upward momentum is weak at this level. With the upcoming Jackson Hole annual meeting in the United States, investors are focused on the Federal Reserve's outlook on interest rates. The market generally anticipates a September rate cut, with two to three rate cuts expected this year. Furthermore, mainland Chinese stocks have recently performed strongly, and if the upward trend is sustainable, it is expected to ...

The Hang Seng Index opened 64 points higher at 25,241 before trading between bulls and bears, fluctuating 177 points throughout the day. It closed 53 points, or 0.21%, lower at 25,122, marking its fourth consecutive day of decline. The Technology Index fell 37 points, or 0.66%, to 5,542. Main Board turnover reached 278.2 billion yuan. U.S. stocks continued to hover at high levels, and Hong Kong stocks have also lacked direction recently. Yesterday, the Hang Seng Index just fell below its 20-DMA (25,160). A break below this level will test the support of its 50-DMA (24,565). The market is expected to fluctuate between 24,500 and 25,800 points in the short term. Upward momentum is weak at this level, and the risk-taking ratio for market capitalization is low. European stock markets performed well, with UK, French, and German stocks rising 0.34%, 1.21%, and 0.45%, respectively. UK stocks hit a record closing high. As the market awaits Federal Reserve Chairman Jerome Powell's speech at...

The Hang Seng Index opened 23 points higher at 25,293 before struggling with bulls and bears. It rose 196 points to a high of 25,466 during the session, but selling pressure intensified in late trading, and the index closed at an all-day low of 25,176, down 93 points, or 0.36%, marking its third consecutive day of decline. The Technology Index rose 36 points, or 0.65%, to 5,579. Main Board turnover reached HK$312.7 billion. Northbound funds continued to flow into the Hong Kong stock market, and the market remained buoyant. Although high-yield stocks such as mainland banks faced short-term pressure, the Hang Seng Index held above its 20-DMA  (25,161) yesterday. Further declines are expected to find strong support at its 50-DMA (24,547). If earnings from major technology stocks are negative, the Hang Seng Index could still challenge the 26,000 to 26,200 levels in the short term. Japan's Nikkei index hit a new high yesterday, rising 0.77% to close at 43,714 points. European stock mark...

Last Friday, the Hang Seng Index opened 197 points lower at 25,322, then fell as much as 351 points to a low of 25,167. The index fell 249 points, or 0.97%, to 25,270. The Tech Index fell 32 points, or 0.58%, to 5,543. Southbound funds net bought over HK$35.8 billion, a record high. Main Board turnover reached HK$312.6 billion. For the week, the Hang Seng Index rose 411 points, or 1.65%. The Hang Seng Index climbed to a high of 25,766 last week, narrowly breaking the previous high of 25,735. Unfortunately, it failed to close above it, so it cannot be considered a breakthrough. It may simply be consolidating at the month-long high. However, there is still hope that it will break through the 25,766 high and challenge the 26,000 level. If the Hang Seng Index fails to break through, it will likely seek support downward in the short term. Having held above its 20-DMA (25,151) last Friday, if this level is breached, the 50-DMA  (24,518) is expected to offer strong support. European stock...

Hong Kong stocks retreated from their highs, snapping a three-day winning streak. The Hang Seng Index opened 152 points, or 0.6%, higher, reaching a high of 25,766 in the morning session before retreating, ending the day down 94 points, or 0.37%, at 25,519. The Tech Index fell 54 points, or 0.97%, to 5,576. Market turnover exceeded HK$270.1 billion. While the Hong Kong stock market may have broken out of its narrow range, it broke through last month's high of 25,744 points yesterday before retracing its losses. Further correction is expected today, but the 10-DMA (25,000) offers strong support. The recent upward trend and increased trading volume in the Hong Kong stock market are partly due to expectations of interest rate cuts and the continued weakness of the US dollar, which is more favorable for Hong Kong stocks and makes Hong Kong dollar-denominated assets more attractive. Market sentiment has also been boosted by the performance of leading technology companies. However, the H...

The Chinese and Hong Kong stock markets saw significant gains yesterday, with both markets posting their third consecutive day of gains. The Hang Seng Index surged 643 points, or 2.58%, to close at 25,613, its largest gain in over three months and its highest point of the day. The Tech Index rose 191 points, or 3.52%, to 5,630. Market turnover exceeded HK$284 billion. The Shanghai Composite Index, a benchmark for A-shares, returned to a four-year high since September 2021, closing at 3,683, up 17 points, or 0.48%. Hong Kong stocks also broke through last month's high, extending their gains to three consecutive days. As expected, the Hang Seng Index rose above the 7th high of 25,115 yesterday, breaking out of its narrow range. It is expected to break through last month's high of 25,744 points today. If it breaks through 26,000 points, it will confirm a double bottom pattern. Based on the measured increase, the medium- to long-term target is 30,800 points. If there is a correctio...

Hong Kong stocks were capped by the 25,000 mark. The Hang Seng Index opened 82 points, or 0.33%, lower, showing no direction in the morning session. It briefly surged to 25,016 in the afternoon, bringing its total daily gain to 24,969 points by 62 points, or 0.25%. The Tech Index fell 20 points, or 0.38%, to 5,439. Market turnover totaled HK$215.4 billion. China and the United States agreed to extend the deadline for reciprocal tariffs for another 90 days, raising the likelihood of concessions from both sides. Coupled with a 90% chance of a US interest rate cut next month, Hong Kong stocks are expected to continue their rebound today. First, a break above the high of 25,115 on the 7th of this month would help the market break out of its narrow range-bound trend. A break above last month's high of 25,744 points and above 26,000 points would confirm a double bottom pattern. Based on measured gains, the medium- to long-term target is 30,800 points. If there is a correction, the Hang S...

Hong Kong stocks were trading in a volatile market. The Hang Seng Index opened 87 points, or 0.35%, higher, before falling 83 points to 24,775 in early trading. It ended the day up 47 points, or 0.19%, at 24,906. The Tech Index fell 0.01% to 5,460. Main Board turnover exceeded HK$200.9 billion. Hong Kong stocks are currently lacking direction. With no significant positive news, the Hang Seng Index is expected to continue to trade around its 50-DMA (24,411). A confirmed break below this level could lead to a drop of over 1,000 points, reaching the 23,000 level. In European markets, UK stocks rose 0.37%, while French and German stocks fell 0.57% and 0.34%, respectively. US stocks lacked a clear direction on Monday, awaiting US inflation data due on Tuesday and the US-Russia summit later this week. The Dow Jones Industrial Average opened slightly higher by 8 points, extending its gains to as much as 97 points, but then reversed course, falling 264 points to a low of 43,911. The S&P 50...

Hong Kong stocks snapped a four-day winning streak. The Hang Seng Index opened lower by 113 points, or 0.45%, immediately falling below the 25,000 mark and continuing its downward trend. It closed at 24,858 points, down 222 points, or 0.89%, while the Tech Index fell 86 points, or 1.56%, to 5,460 points. Market turnover totaled HK$206.7 billion. Whether the Hang Seng Index can hold above 25,000 points depends primarily on strong corporate earnings and positive progress in Sino-US trade negotiations. The Hang Seng Index is initially expected to fluctuate around its 50-DMA (24,344). Overall, Hong Kong stocks lack upward momentum for the time being, but a sharp short-term decline is unlikely. Upper resistance for the Hang Seng Index lies at 25,300 points, while initial support lies at its 50-DMA . If the correction after the short-term rebound in Hong Kong stocks is not complete, based on the golden ratio, the Hang Seng Index, which rose from its April low of 19,260 to last week's hig...

The Hang Seng Index opened 71 points, or 0.29%, higher, then fluctuated around 24,900 points in the early trading. It ended the day up 171 points, or 0.68%, at 25,081. The Tech Index rose 14 points, or 0.26%, to 5,546. Market turnover exceeded HK$245.7 billion. The Hang Seng Index broke through the 25,000 mark and closed above the resistance level of its 10-DMA (25,056). If it can break through last month's high of 25,744 points and rise above 26,000 points, it would confirm an upward trend. Based on the measured increase, the mid-term target is 30,800 points. If the Hong Kong stock market corrects, the Hang Seng Index's support level is at 24,500 points. If it falls below the 50-DMA (24,318), it could fall by over 1,000 points, reaching the 23,000 point level. European stock markets saw mixed results. UK stocks closed down 0.69%, dragged down by oil and telecom stocks; French and German stocks rose 0.97% and 1.12%, respectively. Washington granted tariff exemptions to semicond...

The Hang Seng Index opened 38 points lower, falling as much as 96 points to 24,806. Following strong performance by A-shares, the Hong Kong stock market surged as much as 100 points near midday, reaching 25,002, but the gains subsequently narrowed, closing up 8 points at 24,910. The Hang Seng Index rose for three consecutive days, adding 402 points. The Tech Index rose 11 points, or 0.2%, to 5,532. Market turnover declined for the fourth consecutive day, falling to HK$215.2 billion yesterday. The market is not expected to fall further in the short term, but there are currently no positive factors to break through the 10-DMA (25,115) resistance level. The market is embracing Tencent, likely driven by optimism about its earnings. If buying continues before next Wednesday's earnings announcement, it could push the market above its 10-day moving average. If the results fail to deliver a positive performance, the Hang Seng Index could fall back to its March peak of 24,874 points. A brea...

Hong Kong stocks fluctuated yesterday. The Hang Seng Index opened 13 points higher in the morning and rose 129 points shortly after the opening, then fell 46 points. It rose as much as 192 points in the afternoon, reaching a high of 24,925 points. For the day, it rose 169 points, or 0.68%, to 24,902 points. The Tech Index rose 39 points, or 0.72%, to 5,521 points. Market turnover exceeded HK$229.3 billion. If the expected rebound continues yesterday and returns above the March top of 24,874 points, a break above last month's high of 25,744 points and above 26,000 points would confirm a double bottom pattern. Based on the measured gains, the medium- to long-term target is 30,800 points. If there is a correction, the Hang Seng Index faces support at the 50-DMA (24,251). If it fails to break below, there is a chance it could fall to the 100-DMA (23,517). Continue to monitor corporate earnings and mainland economic data. Unless there's significant external news, the market is expec...

The Hang Seng Index opened 75 points lower at 24,431, then fell 135 points to 24,372 before reversing its downward trend and surging 240 points to 24,748 in the afternoon. The index rose 225 points, or 0.92%, to 24,733 for the day. The Tech Index rose 83 points, or 1.55%, to 5,481. Main Board turnover totaled HK$234.6 billion. The Hong Kong stock market fell below the March top of 24,874 points last week with a large bearish candlestick. If the rebound continues today and the market can break above last month's high of 25,744 points and rise above 26,000 points, it would confirm a double bottom pattern. Based on the measured increase, the medium- to long-term target is 30,800 points. If there is a correction, the Hang Seng Index faces support at the 50-DMA (24,219). If it fails to break below, there is a chance it could fall to the 100-DMA (23,506). This week, continue to monitor corporate earnings and mainland economic data. Barring significant external news, the market is expecte...

Hong Kong stocks opened August lower, marking the fourth consecutive day of decline. The Hang Seng Index opened 28 points, or 0.12%, lower, hovering between 24,700 and 24,850 points in the early trading session. The decline intensified significantly in the afternoon, closing at 24,507 points, down 265 points, or 1.07%. The Tech Index fell 55 points, or 1.02%, to 5,397 points. Main Board turnover was HK$254.6 billion. For the week, the Hang Seng Index fell 880 points, or 3.4%, while the Tech Index fell 280 points, or 4.9%. Last week, the Hang Seng Index fell back below the previous March peak of 24,874 with a large bearish candlestick pattern. On Friday, it fell below the 20-day moving average (24,750). Today's 50-day moving average (24,196) is crucial. A break below this level could lead to a drop of over 1,000 points, to the 23,000 level. In fact, after more than 15 weeks of gains, the Hang Seng Index has already reached 6,475 points. Therefore, if buying becomes increasingly cons...