Investment 29/8/2025

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 Kong stock market is expected to continue its upward trend in the second half of the year, with the Hang Seng Index potentially testing 27,500 points, and in an optimistic scenario, 30,800.


However, if the market weakens and the Hang Seng Index loses support below its 50-DMA, there is a chance it will initially adjust to 23,375 points. This is because: Based on the golden ratio, the Hang Seng Index has risen from its April low of 19,260 to its recent high of 25,918, a cumulative increase of 6,658 points. A 0.382-fold adjustment would reach 23,375.


European stock markets showed mixed results, with the UK and German stock markets falling 0.42% and 0.03%, respectively, while the French stock market rose 0.24%.


Data showed the US economy remained resilient, but corporate earnings were mixed. US stocks rallied Thursday, ultimately rebounding. The Dow Jones Industrial Average opened slightly higher by 15 points before falling as much as 122 points, then rebounded 117 points to a high of 45,682. The S&P 500 rose 0.41% to 6,508, while the Nasdaq Composite rose 0.71%.


At the close of US markets, the Dow Jones Industrial Average rose 71 points to 45,636, a record high for the day. The S&P 500 rose 20 points, or 0.32%, to 6,501, reaching both an intraday and closing high, trading above 6,500 for the first time. The Nasdaq Composite rose 115 points, or 0.53%, to 21,705, also nearing a record high.


The US dollar index fell 0.4% to 97.836, while the Japanese yen rose 0.41% to 146.81 per dollar. Bitcoin fell 2.1% to a low of $110,932.

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