Investment

Hong Kong stock index futures settled. The Hang Seng Index opened 193 points higher at 26,321 and continued its upward trend, rising 559 points in the afternoon to a high of 26,687. The index rose 494 points, or 1.89%, to 26,622 for the day. The Tech Index rose 129 points, or 2.08%, to 6,324. Mainboard turnover reached HK$309 billion. With the mainland holiday approaching and northbound capital outflows expected to be suspended, market sentiment is cautious. Short-term support for the Hang Seng Index lies at its 20-DMA (26,135). If it falls below this level, it could test its 50-DMA (25,578). It is believed that after market consolidation, the index is still expected to challenge above 27,000 points this year. For stocks, keep an eye on large-cap technology stocks, AI-related stocks, and robotics stocks. European stock markets lacked direction, with UK and French stocks rising 0.16% and 0.13%, respectively. German stocks fell 0.31% before closing up 0.02%. The market is awaiting US emp...

The Hang Seng Index opened 212 points lower at 26,272, then fell 411 points to 26,072 in the afternoon, bringing its total loss for the day to 26,128 points, or 1.34%. The Tech Index fell 184 points, or 2.88%, to 6,195. Main Board turnover was HK$323.6 billion. Following last Friday's positive external market conditions, Hong Kong stocks may follow suit and open higher today. However, with the upcoming mainland holiday, trading volume is expected to be soft. The Hang Seng Index has found support at its 20-DMA (24,880). If this level is broken, the bottom of the rising channel near the 50-DMA (25,545) is expected to offer strong support. However, if this level is broken again, the upward trend since May will be disrupted, and the market may enter a longer-term mid-term correction. The Hong Kong stock market's rally was primarily driven by technology stocks. While northbound capital flows remain active, their purchases are not targeted at Hang Seng Index constituents, providing l...

The Hang Seng Index opened 17 points higher at 26,536 before tackling a bearish trend. It briefly rose 121 points to 26,640 before falling 115 points to 26,403. The index ended the day down 33 points, or 0.12%, at 26,484. The Tech Index rose 56 points, or 0.88%, to 6,379. Main Board turnover reached HK$314.8 billion. After a one-day rebound, Hong Kong stocks adjusted again, and the correction is expected to continue today. The Hang Seng Index first broke below its 10-DMA (26,478) and may test support at its 20-DMA (26,032) in the short term. However, the Hong Kong stock market has a strong base and is expected to challenge 27,000 in the future. The market is focused on Federal Reserve Chairman Powell's remarks on overvalued stock markets, leading to a recent correction in US stocks. European stock markets fell across the board, with UK, French, and German stocks down 0.39%, 0.41%, and 0.56%, respectively. Stronger-than-expected recent US economic data drove bond yields higher, putt...

The Hang Seng Index opened 85 points lower at 26,073, then dipped to 26,057 before recovering. Led by heavyweight technology stocks, the index reversed its decline, rising as much as 403 points in the afternoon to 26,562. The index rose 359 points, or 1.37%, to 26,518 for the day. The Technology Index rose 156 points, or 2.53%, to 6,323. Main Board turnover reached HK$288.7 billion. After two days of correction, the Hong Kong stock market rebounded and closed above the 10-DMA (26,438). This suggests a strong bottom and the market is expected to challenge 27,000. However, short-term adjustments are still needed, with the Hang Seng Index testing its 20-DMA (25,958). European stocks saw mixed performance, with UK and German stocks rising 0.29% and 0.23% respectively, while French stocks fell 0.57%. Federal Reserve Chairman Jerome Powell recently stated that asset prices, including stocks, are now overvalued. This comment caused US stocks to retreat from their highs on Tuesday, and the reb...

The Hang Seng Index opened 91 points higher at 26,435 before fluctuating lower, falling 340 points to 26,003. The index ended the day down 185 points, or 0.7%, at 26,159. The Tech Index fell 90 points, or 1.45%, to 6,167. Main Board turnover was HK$294.5 billion. Hong Kong stocks retreated from their highs after breaking through 27,000 last week. Amid the threat of a super typhoon, the market is expected to remain subdued in the short term. With no favorable policies currently being introduced for the mainland economy, the Hang Seng Index is likely to continue its near-term correction. If it loses support at the 20-DMA (25,892), selling could intensify, prompting a reduction in holdings. However, if it can hold above 26,000, the market may still test the 27,000 resistance level. European stock markets closed mixed, with French and German stocks rising 0.54% and 0.36%, respectively, while British stocks fell 0.04%. US stocks rose before retreating on Tuesday. The Dow Jones Industrial Av...

The Hang Seng Index opened 85 points lower at 26,459 and continued its decline, falling 341 points to 26,204 for the day, ending the day down 200 points, or 0.75%, at 26,344. The Tech Index fell 36 points, or 0.58%, to 6,257. Main Board turnover was HK$290.5 billion. As expected, the Hong Kong stock market adjusted, but the Hang Seng Index slightly breached its 10-DMA (26,384). The next support level is the 20-DMA (25,861). If it holds above this level and there are no signs of capital outflow, the market outlook remains positive, with a potential test of 27,000 points. The market is expected to consolidate at high levels in the short term. The Hang Seng Index's range is between 25,900 and 27,000 points. Further progress in Sino-US trade relations or positive news for technology stocks are needed before a strong test of the higher levels is possible. European stock markets were generally lower, with French and German stocks down 0.3% and 0.48%, respectively, while British stocks ed...

Last Friday, as the market waited for the call between the Chinese and US heads of state, the Hang Seng Index opened 38 points higher at 26,583 before a period of mixed trading between bulls and bears. It dipped 130 points to 26,414 before rising 92 points to 26,637. It closed up less than 1 point for the day at 26,545. The Tech Index rose 23 points, or 0.37%, to 6,294. Main Board turnover reached HK$376.8 billion. The Hang Seng Index corrected after breaking through the 27,000 mark the previous day, with trading volume increasing to over HK$400 billion in a bearish market. Profit-taking may have occurred due to the positive news of the US interest rate cut. Hong Kong stocks have risen over 4,300 points since their early June lows. Consolidation at this stage is normal, and the overall market sentiment remains relatively positive. The Hang Seng Index's initial support lies at its 10-DMA (26,313), with the next key support at its 20-DMA (25,835). If it holds above this level and the...

The Hang Seng Index opened lower by 44 points, or 0.17%, before briefly rising to 27,058. The decline intensified in the afternoon, falling as much as 586 points to 26,322. It closed at 26,544, down 363 points, or 1.35%. The Tech Index fell 63 points, or 0.99%, to 6,271. Market turnover exceeded HK$413.3 billion. As expected, Hong Kong stocks adjusted after the announcement of the interest rate cut, with the Hang Seng Index retreating after touching 27,000. Overall sentiment remains positive. It is believed that after consolidating around 26,500 in the short term, there is still a chance to challenge this year's high, possibly reaching 27,500. The Tech Index, supported by strong support from large-cap tech stocks, is expected to outperform the Hang Seng Index. The US Federal Reserve implemented a 0.25% interest rate cut as expected. The market generally believes there is still room for two more rate cuts this year, which will positively impact asset prices. The continued weakness o...

The Hang Seng Index opened 115 points higher at 26,554, then expanded its gains to 497 points, reaching a four-year high of 26,936. It rose 469 points, or 1.77%, to 26,908 for the day. The Tech Index rose 256 points, or 4.22%, to 6,334. Main Board turnover reached HK$360.2 billion. Hong Kong stocks continued to break through the resistance level. After several days of trading, the Hang Seng Index finally broke through 26,500 points and even surpassed 26,800 points. It has the potential to challenge 27,500 points in the future, and in the most optimistic scenario, it could reach 30,800 points. However, a short-term pullback after the confirmation of the interest rate cut would not be surprising. The correction is expected to be limited. The Hang Seng Index is expected to find support at the 10-DMA  (26,052), with the 20-DMA (25,703) providing even greater support. European stock markets lacked a clear direction, with UK and German stocks rising 0.14% and 0.13%, respectively, while F...

The Hang Seng Index opened 90 points higher at 26,536, then surged 155 points to a four-year high of 26,601. However, selling pressure subsequently intensified, causing the index to fall 114 points to a low of 26,332, for a full-day loss of 8 points, or 0.03%, to 26,438. The Tech Index rose 34 points, or 0.56%, to 6,077. Main Board turnover reached HK$294 billion. The US and China concluded their trade talks in Spain, and a possible phone call between the two presidents on Friday (the 19th) is expected to boost market sentiment. If Sino-US trade relations progress well, the Hang Seng Index is expected to rise further. The Hong Kong stock market has broken through the 26,000 mark, and as long as it holds above this level, the outlook remains positive. However, the Hang Seng Index has lost 26,500 points for three consecutive days. It may consolidate and retest the support of the previous upward gap (26,241 to 26,329). If it loses 26,000, it is advisable to exit the market. European stock...

The Hang Seng Index opened 79 points lower at 26,308, then fell 107 points to 26,280 before rising 144 points to 26,532. It closed up 58 points, or 0.22%, at 26,446. The Tech Index rose 54 points, or 0.9%, to 6,043. Main Board turnover reached HK$290.1 ​​billion. Hong Kong stocks are trading at a four-year high, with the Hang Seng Index retracing its losses after regaining 26,500 points. However, it is expected to gradually rise to 26,800 points, with a chance to challenge 27,500 points. In the most optimistic scenario, it could reach 30,800 points. Given that both US and Hong Kong stocks have reached highs, a short-term pullback following the confirmation of the interest rate cut would not be surprising. However, the extent of the correction is expected to be limited. The Hang Seng Index is expected to find support at its 20-DMA (25,550), with greater support for  mid-term at its 50-DMA (25,161). This week, several central banks, including the Federal Reserve, will hold interest r...

The Hang Seng Index opened 453 points higher at 26,539, then surged 499 points to a more than four-year high of 26,585, ending the day up 301 points, or 1.15%, at 26,388. The Tech Index rose 100 points, or 1.7%, to 5,989. Main Board turnover reached HK$320.7 billion. Last Friday, the Hang Seng Index, as expected, broke through its 2021 high of 26,199, but then re-gained resistance at 26,500. The Hang Seng Index is expected to gradually rise to 26,800, with a chance to challenge 27,500. In the most optimistic scenario, it could reach 30,800. This is because the Hang Seng Index formed a large double bottom at its lows in October 2022 and January last year, with a confirmed break above the neckline of 22,700 in May of this year. Breaking through the neckline of this large double bottom puts the Hang Seng Index's medium- to long-term target at 30,800. However, in the short term, the Hang Seng Index opened higher and closed lower last Friday, and may need to consolidate first. The upwar...

Hong Kong stocks snapped their four-day winning streak. The Hang Seng Index opened 212 points lower at 25,987, then fell 321 points to 25,878. It reversed its decline in the afternoon, rising 41 points to 26,241, but retreated again in late trading, ending the day down 113 points, or 0.43%, at 26,086. The Tech Index fell 13 points, or 0.23%, to 5,888. Main Board turnover reached HK$325.2 billion. Hong Kong stocks have accumulated significant gains over the past four consecutive days. Coupled with the numerous fundraising activities, market sentiment will be temporarily affected. We anticipate a short-term consolidation pattern for the Hong Kong stock market, but the upward trend remains intact. The market is expected to challenge the 2021 high of 26,199 points again today, testing the resistance level of 26,500 points. A potential challenge to 27,500 points is possible, with a potential rise to 30,800 points in the most optimistic scenario. Beware of a potential sharp decline in US sto...

The Hang Seng Index opened 104 points higher at 26,042, extending its gains to as much as 358 points, reaching a four-year high of 26,296. It rose 262 points, or 1%, to 26,200, marking its fourth consecutive day of gains. The Tech Index rose 73 points, or 1.26%, to 5,902. Main Board turnover reached HK$288.2 billion. Yesterday, the Hang Seng Index closed above its 2021 high of 26,199, with the next high at 27,019. It is expected to consolidate at its current level in the short term, with a potential test of 27,500 points. In an optimistic scenario, it could reach 30,800 points. Be wary of a potential sharp decline in US stocks next week following the confirmation of a rate cut, dragging down Hong Kong stocks. If the Hang Seng Index corrects, support lies below its 50-DMA (25,020). Investors should avoid being carried away by the bull market sentiment and remain vigilant regarding three key areas for the market outlook. First, whether the Hang Seng Index can maintain its recent upward t...

The Hang Seng Index opened 77 points higher at 25,711, then extended its gains, rising 394 points to 26,027, a near four-year high. The upward trend then stalled, ending the day up 304 points, or 1.18%, at 25,938, marking its third consecutive day of gains. The Technology Index rose 74 points, or 1.3%, to 5,828. Main Board turnover reached HK$294 billion. Hong Kong stocks rose for three consecutive days. Although the 26,000-point mark was recaptured, the market closed above the recent high of 25,918. It is expected to consolidate between 26,000 and 26,200 in the short term, with a potential test of 27,500 points. In an optimistic scenario, it could reach 30,800 points. Be wary of a potential sharp decline in US stocks next week following a confirmed interest rate cut, dragging down Hong Kong stocks. If the Hang Seng Index corrects, support lies below its 50-DMA (24,980). European stock markets saw mixed performance, with UK and French stocks both rising around 0.2%, while German stocks...

The Hang Seng Index opened 22 points higher at 25,440, then dipped 30 points to a low of 25,387 before resuming its upward trend. It surged 246 points to 25,664 in the afternoon, bringing its total gain to 25,633 points, or 215 points, or 0.85%. The Tech Index rose 66 points, or 1.16%, to 5,753. Main Board turnover reached HK$286 billion. Yesterday, the Hang Seng Index closed above 25,600 points, breaking its streak of only four trading days above this year. Despite negative rumors last week that the central government was seeking to cool the stock market, the Hang Seng Index managed to maintain its upward trajectory. However, the outlook remains sensitive to mainland authorities' stance on the stock market. A continued slow bull market would be positive for Hong Kong stocks. Whether the Hang Seng Index can break through the 26,000 mark in the short term depends on whether the US Federal Reserve will accelerate its pace of interest rate cuts. If so, mainland China's monetary po...

The Hang Seng Index opened 77 points higher at 25,136 and maintained its upward trend, rising as much as 413 points to a high of 25,471. The index rose 359 points, or 1.43%, to 25,417 for the day. The Tech Index rose 108 points, or 1.94%, to 5,687. Main Board turnover reached HK$299.9 billion. For the week, the Hang Seng Index rose 340 points, or 1.4%, while the Tech Index gained 13 points, or 0.2%, marking its fifth consecutive week of gains. Hong Kong stocks rebounded last Friday, ending a three-day losing streak and reclaiming their 10- and 20-day moving averages. Last week, Hong Kong stocks experienced increased volatility, with the Singapore Hong Kong Stock Index futures, commonly known as "black futures," trading dozens of points below the Hang Seng Index over the weekend. Analysts believe this is partly due to the recent surge in government bond yields in many countries, disrupting foreign investment and encouraging capital gains while Hong Kong stocks remain relativel...

The Hang Seng Index opened 145 points higher at 25,489 before fluctuating, falling as much as 330 points to 25,013. The index ended the day down 284 points, or 1.12%, at 25,058. The Tech Index fell 104 points, or 1.84%, to 5,578. Main Board turnover reached HK$302.2 billion. After five failed attempts to break through the 26,000-point mark, the Hang Seng Index finally fell below its 20-DMA (25,260) and is expected to test support at its 50-DMA (24,894). Further gains are expected after consolidation is complete. Rumors that financial authorities are planning multiple measures to curb stock market speculation further cooled the mainland and Hong Kong stock markets yesterday. Furthermore, with the peak earnings season having passed, the market is currently lacking any new news to support a breakthrough. The market remains on the sidelines regarding the Federal Reserve's interest rate decision and tariff news, leading investors to adopt a cautious approach. Hong Kong stocks face limit...

The Hang Seng Index opened 164 points higher at 25,660, then rose 293 points to 25,789 before encountering resistance and retreating, falling 219 points to 25,276. It closed down 153 points, or 0.6%, at 25,343. The Technology Index fell 44 points, or 0.78%, to 5,683. Main Board turnover was HK$267.6 billion. Hong Kong stock market sentiment is positive, with the Hang Seng Index approaching its annual high of 25,918 points. This marks the fifth unsuccessful attempt to break through 26,000 points since late July. As long as it does not fall below the 20-DMA (25,261), it is expected to continue to break through this year. As the mainland stock market continues to perform well, the Hong Kong stock market is also expected to benefit. Furthermore, with the release of earnings results from major stocks, the market's risk appetite has increased as uncertainties are resolved. Coupled with market expectations that mainland China will continue to introduce national policies to support the sto...

The Hang Seng Index opened 29 points lower at 25,587, then briefly rose 107 points to 25,724 before coming under renewed pressure, falling 200 points to 25,416. The index ended the day down 120 points, or 0.47%, at 25,496. The Tech Index fell 70 points, or 1.21%, to 5,728. Main Board turnover totaled HK$328.1 billion. Since the end of July, the Hang Seng Index has attempted to break through 26,000 points four times without success. While trading volume has become increasingly robust, fundamental factors such as domestic stimulus packages, expectations of a US Federal Reserve rate cut, and the US-China tariff talks suggest that a significant breakthrough is unlikely in the short term. It is highly likely that the Hang Seng Index will only touch 26,000 points this time before falling back, continuing the sideways trend seen at the end of July. Wait until the Hang Seng Index breaks through the technical resistance level of 26,000 points and stabilizes before entering the market to increas...

The Hang Seng Index opened 430 points higher at 25,508, then expanded its gains to 560 points, reaching a high of 25,638. The index rose 539 points, or 2.15%, to 25,617. The Tech Index rose 124 points, or 2.19%, to 5,798. Main Board turnover reached HK$380.2 billion. After four consecutive months of gains, the Hong Kong stock market continued its upward trend at the start of September. If the Hang Seng Index breaks above the recent high of 25,918, it will consolidate between 26,000 and 26,200 points. It may test 27,500 points, and in an optimistic scenario, it could reach 30,800 points. Watch for the latest US labor market data, which may indicate the pace of the Federal Reserve's interest rate cuts. The market generally expects a 0.25 percentage point cut in September. Recently, investment sentiment has been strong, with active trading in the Hong Kong stock market. Driven by artificial intelligence (AI), robotics, high-tech, and traditional stocks, the Hong Kong stock market is e...