Investment

Hong Kong stock futures settled lower on Thursday, initially rising before retreating. The Hang Seng Index opened 199 points higher at 26,545, then fluctuated narrowly before falling as much as 207 points to a low of 26,138 in the afternoon, closing down 63 points or 0.24% at 26,282. The Technology Index fell 41 points or 0.68% to 6,051. Total market turnover was HK$353.8 billion. Hong Kong stocks opened higher yesterday, following the lead of US stocks, and the Hang Seng Index rose above 26,519 as expected. However, despite two positive factors, the market ultimately reversed course and fell; trading volume indicated a significant increase in selling pressure. Breaking through the October 2nd high of 27,381 will still take time. The market is expected to be volatile in the short term, with significant resistance at 26,500 and support at 25,500. The US Federal Reserve cut interest rates by 0.25% as expected and will also pause its balance sheet reduction in December, which should provi...

Before holiday, Hong Kong stocks ended a three-day winning streak. The Hang Seng Index opened 75 points higher at 26,508, rising as much as 86 points to 26,519, which was already the day's high. Investors took profits ahead of the holiday, and the Hang Seng Index quickly reversed its gains, falling as much as 188 points to a low of 26,245. After HSBC (0055) announced its quarterly results at noon, its share price surged 4.4%, improving market sentiment and narrowing the Hang Seng Index's losses. It closed down 87 points, or 0.33%, at 26,346; the Technology Index fell 77 points, or 1.25%, to 6,093. Main board turnover was HK$242.6 billion. The US Federal Reserve announced a 0.25% interest rate cut, and the meeting between the Chinese and US leaders, which is expected to lead to an agreement and reduce uncertainty surrounding the trade outlook, are both positive factors for Hong Kong stocks. The Hang Seng Index is expected to find strong support at its 20-DMA (26,284), and is pro...

Amidst hopes for a Sino-US trade deal, the Hang Seng Index opened 335 points higher at 26,495 before retracing its gains, finishing the day up 273 points, or 1.04%, at 26,433. The Technology Index rose 111 points, or 1.83%, to 6,171. Main board turnover reached HK$267 billion. The conclusion of a new round of Sino-US trade negotiations, with both sides reaching a preliminary consensus, is positive for the Hong Kong stock market. Yesterday, the Hang Seng Index briefly approached 26,500 points and is expected to challenge 27,000 points today. If there is a correction in the market, support will likely be at the 100-DMA (25,234). For stocks, keep an eye on technology and chip stocks; if sentiment in these sectors improves, they could become drivers of the broader market. In European markets, French and German stocks closed up 0.16% and 0.28% respectively, while British stocks rose 0.09%.  Positive factors such as progress in Sino-US trade negotiations and expectations of a Federal Res...

The Chinese and US heads of state will meet this week. The Hang Seng Index opened 209 points higher at 26,177, rising 271 points to 26,239, and ended the day up 192 points, or 0.74%, at 26,160. The Tech Index rose 108 points, or 1.82%, to 6,059. Main Board turnover reached HK$226.6 billion. For the week, the Hang Seng Index rose 913 points, or 3.61%. The Tech Index outperformed the Hang Seng Index, rising 299 points, or 5.28%, its largest weekly gain in three weeks. With four trading days remaining this month, Thursday is the settlement date for the front-month index futures. Technically, there should be stabilizing buying, allowing for rollover and settlement of this month's index futures above 26,000 points. After two consecutive days of gains, the Hang Seng Index re-crossed its 50-DMA (25,959), signaling a potential stabilization. It is expected to re-cross the 20-DMA (26,276) today. However, strictly speaking, the Hang Seng Index must successfully hold above the 20-DMA for the ...

The Hang Seng Index opened 63 points lower at 25,718, then fell 190 points to 25,591 in early trading. The market rebounded in the afternoon, rising as much as 299 points to 26,080, closing up 186 points, or 0.72%, at 25,967. The Tech Index rose 28 points, or 0.47%, to 5,951. Main Board turnover was HK$245.2 billion. Hong Kong stocks rebounded yesterday, barely holding above the 50-DMA (25,948) at the close, but then retraced the 26,000-point mark. Following the strong performance of the Hong Kong stock market in the first three quarters, both institutional and retail investors may take advantage of negative news to take profits. The market is expected to continue fluctuating around the Hang Seng Index's 50-DMA in the short term, potentially testing the 26,200-point resistance level today. Support is expected to remain near 25,000 points. The collapse of the US-Russia summit has raised concerns about renewed geopolitical tensions and the market is waiting to see how Sino-US trade r...

The meeting between the Chinese and US heads of state added another wrinkle. The Hang Seng Index opened 129 points lower at 25,897, then fell as much as 373 points to a low of 25,653. The index fell 245 points, or 0.94%, to 25,781. The Tech Index fell 84 points, or 1.41%, to 5,923. Main Board turnover reached HK$227.5 billion. Although the Hang Seng Index briefly broke through the top of the downtrend at 26,247 points, it failed to hold above it, technically constituting a false breakout. Yesterday, it even fell below the 50-DMA (25,928), signaling a shift in the upward trend of Hong Kong stocks. The early-month high of 27,381 points may have marked the peak for the year. The Hang Seng Index rose from its intraday low of 14,794 on January 22, 2024, to 27,381 on October 2, a total increase of 12,587 points. If the 0.382 fibo adjustment is made, the Hang Seng Index will reach 22,573 points, which is near the 250-DMA (22,914) that separates bull and bear markets. Furthermore, the 10-year ...

The Hang Seng Index opened 301 points higher at 26,160, extending its gains to 508 points at a peak of 26,367 before retracing its gains in the afternoon. The Hang Seng Index rose 168 points, or 0.65%, to 26,027. The Tech Index rose 74 points, or 1.26%, to 6,007. Main Board turnover reached HK$264.6 billion. Hong Kong stocks continued their rebound yesterday, breaking through the 50-DMA (25,910) and briefly revisiting 26,200 points before retreating to close just above 26,000. Market expectations of a meeting between the Chinese and US heads of state at the end of the month are positive for the broader market, but the Hang Seng Index faces significant resistance above 27,000. Further improvement in technical indicators is crucial for a potential breakout. European stock markets stabilized, with UK, French, and German stocks rising 0.25%, 0.64%, and 0.29%, respectively. The latest US corporate earnings reports were generally positive, leading to mixed performance on Tuesday. The Dow Jon...

The Hang Seng Index opened 637 points higher at 25,884, extending its gains to 665 points at one point, reaching a high of 25,912. The index rose 611 points, or 2.42%, to 25,858 for the day. The Tech Index rose 172 points, or 3%, to 5,933. Main Board turnover reached HK$239.1 billion. Investors' anticipation for a new round of trade negotiations between China and the United States, coupled with a reduction in credit risk for US banks, boosted Hong Kong stocks significantly yesterday. However, the Hang Seng Index remained capped by its 50-DMA (25,887) at the close. Barring any significant negative news, the Hang Seng Index could return to 26,200 points today. If it can hold above this level, it could challenge the 27,000 mark. However, if it falls below the 100-DMA (25,103), a significant correction is possible. The market continues to monitor the development of Sino-US relations, the outcome of the US interest rate meeting, and the upcoming important meetings in mainland China. Eur...

The US banking crisis triggered risk aversion. The Hang Seng Index opened 36 points lower at 25,851, then gradually extended its losses, plummeting 743 points to 25,145. The index fell 641 points, or 2.47%, to 25,247. The Tech Index fell 243 points, or 4.05%, to 5,760. Main board turnover totaled HK$314.6 billion . For the week, the Hang Seng Index fell 1,043 points, or 3.96%. The Hang Seng Index has been hovering around its 50-DMA (25,872) for several consecutive trading days. With some signs of hope emerging in the Sino-US trade dispute, the index is expected to re-cross the 26,000 mark, challenging the significant resistance level of 26,247, the bottom of last Monday's decline. The 100-DMA (25,077) provides strong support. European stocks came under pressure, led by declines in the banking sector. UK, French, and German stocks fell 0.86%, 0.18%, and 1.82%, respectively. US President Trump stated that the 100% tariffs on China were unsustainable and that he would meet with Xi Jin...

The Hang Seng Index opened 20 points lower at 25,890, then briefly rose 152 points to 26,062. Selling pressure subsequently emerged, pushing the index down 223 points to 25,687. The decline narrowed in late trading, leaving the index down 22 points, or 0.08%, at 25,888. The Tech Index fell 71 points, or 1.18%, to 6,003. Main Board turnover totaled HK$275.4 billion . The Hang Seng Index regained its 50-DMA (25,803), suggesting strong support at this level. However, yesterday's turnover was less than 300 billion yuan. Even with another rebound, the bottom of Monday's downtrend at 26,247 remains a significant short-term resistance level that urgently needs to be broken. A wait-and-see mood is expected in the market in the short term, but significant correction pressure is unlikely. Support lies below 25,200 points. The market continues to monitor the progress of the Sino-US trade war. Although recent signs of a softening in US rhetoric have boosted market sentiment, past experienc...

The Hang Seng Index opened 273 points higher at 25,714, rising 540 points to 25,982 in the afternoon. The index rose 469 points, or 1.84%, to 25,910 for the day. The Tech Index rose 152 points, or 2.56%, to 6,075. Main Board turnover reached HK$315.8 billion. Hong Kong stocks ended their seven-day losing streak, with the Hang Seng Index retracing above its 50-DMA (25,845). Short-term resistance lies at the bottom of Monday's downtrend at 26,247. A break above this level would test the 20-DMA (26,502), potentially pushing the index towards the 27,000 level. Holders should pay attention to key levels; the Hang Seng Index must hold above Monday's (13th) low of 25,336. European stock markets saw mixed performance. LVMH's sales figures indicated signs of stabilization in the luxury goods market, sending its share price soaring over 12%. This, in turn, drove French stocks up 1.99%, while UK and German stocks fell 0.3% and 0.23%, respectively. Positive corporate earnings in Europe...

Sino-US relations continue to influence Hong Kong stocks. The Hang Seng Index opened 79 points higher at 25,969, then rose 213 points to 26,102 before encountering resistance and retreating. It fell 557 points in the afternoon to a low of 25,331, bringing its total loss to 25,441 points, down 448 points, or 1.73%, for the day. The Tech Index fell 222 points, or 3.61%, to 5,923 points. Main board turnover reached HK$398.9 billion. The Hang Seng Index finally fell below its 50-DMA (25,822), but further sharp declines are unlikely. Support is expected around the 100-DMA (25,009). However, if it fails to break through 27,000, the current uptrend could end, potentially leading to a retest of the 150-DMA (24,274). Investors should closely monitor any deterioration in technical indicators and adjust their strategies accordingly. US President Trump's long-running tariff war has accustomed the market to his "high-sale, low-repay" tactics, and concerns about the tariff war have eas...

The Hang Seng Index opened 656 points lower at 25,634, then fell as much as 954 points, hitting a low of 25,336. The decline subsequently narrowed, ending the day down 400 points, or 1.52%, at 25,889, marking its sixth consecutive day of decline. The Tech Index fell 114 points, or 1.82%, to 6,145. Main board trading volume increased to HK$490.3 billion. The Hang Seng Index regained its 50-DMA (25,803), suggesting strong support at this level. Trading volume exceeding HK$300 billion per period has become commonplace in Hong Kong stocks recently. With ample capital injections, the market outlook is not expected to be weak. The Hang Seng Index is expected to re-enter 26,000 points today. US President Trump threatened to impose 100% tariffs on China starting next month. Although he subsequently reassured the market via social media, further negative news cannot be ruled out. Hong Kong stocks have already entered a correction phase, and coupled with the sharp deterioration in Sino-US relati...

Last Friday, the Hang Seng Index opened 228 points lower at 26,523 and remained under pressure. The decline intensified in the afternoon, falling 505 points to a low of 26,247. The index fell 462 points, or 1.72%, to 26,290 points for the day, marking its fifth consecutive day of decline. The Tech Index fell 211 points, or 3.27%, to 6,259 points. Main Board turnover totaled HK$333.7 billion. For the week, the Hang Seng Index fell 850 points, or 3.13%. Donald Trump, who lost the Nobel Peace Prize, has been slamming the US-China trade relationship. Wall Street investors took the opportunity to reduce their positions and take profits, leading to a sharp drop in the three major US stock indices. Hong Kong stocks are expected to follow suit with a sharp correction today, potentially breaking below the 50-DMA (25,781). The Hang Seng Index has been rising along its 50-DMA since May. If it falls below the 50-DMA, it could be considered a mid-term correction, with a significant decline expected...

Mainland China's stock market reopened after the holiday, with the return of northbound capital. The Hang Seng Index opened 32 points higher at 26,862, then dipped 348 points to a low of 26,480. The decline subsequently narrowed, with bulls and bears battling each other. The index rose 148 points to 26,978 in the afternoon, but selling pressure resurfaced in late trading. The index closed 76 points, or 0.28%, lower at HK$26,752, marking its fourth consecutive day of decline. The tech index fell 42 points, or 0.65%, to 6,471. Main board trading volume increased to HK$386.8 billion. HSBC plans to spend over HK$100 billion to privatize Hang Seng. HSBC Holdings fell over 7% to HK$102.5, a 5.9% drop for the day. Hong Kong stocks are expected to continue their correction today, testing support at the 50-DMA (25,758). The return of northbound capital has had limited impact on Hong Kong stocks. The Hang Seng Index is expected to rise in the short term from its June low, potentially accumul...

Hong Kong stocks were weak after the holiday. The Hang Seng Index opened 57 points lower at 26,900, then fell 440 points to 26,517. The decline narrowed in the afternoon, leaving the index down 128 points, or 0.47%, at 26,829. The Tech Index fell 36 points, or 0.55%, to 6,514. Main board turnover totaled HK$173.8 billion. Hong Kong stocks fell for three consecutive days, with the Hang Seng Index falling 457 points. Given the previous surge, caution is advised against profit-taking as northbound capital flows return today, which could increase selling pressure on the broader market. Furthermore, the US government shutdown dampened market sentiment, and the Hang Seng Index may continue to test the support of its 20-DMA (26,541) in the short term. European stock markets rose across the board, with French stocks performing best, closing up over 1%. British and German stocks rose 0.69% and 0.87%, respectively. Investors bought into the market on pullbacks, anticipating resilient corporate e...

The Hang Seng Index opened 137 points lower at 27,003, then briefly rose 4 points to 27,145 before renewed selling pressure, causing a 267-point drop to 26,873. The index ended the day down 183 points, or 0.67%, at 26,957. The Tech Index fell 72 points, or 1.09%, to 6,550. With the absence of southbound capital flows, trading volume was thin, reaching only HK$121.7 billion for the day, a daily decrease of 9.82%, the lowest since the half-day session on Lunar New Year's Eve in January this year. The Hang Seng Index formed a large double bottom at its lows in October 2022 and January of last year. In May of this year, it confirmed a breakout above the neckline at 22,700 and continued its upward trajectory along a parallel ascending channel. After reaching the top of the channel in mid-last month, it experienced a slight correction and then again hit the top of the channel with a large bullish candlestick last week. With the absence of Northbound capital this week, trading volume decr...

Last Friday, the Hang Seng Index opened 65 points lower at 27,221 and continued its decline, falling 314 points to 26,972. It ended the day down 146 points, or 0.53%, at 27,140, ​​snapping a three-day winning streak. The Technology Index fell 60 points, or 0.89%, to 6,622. Main Board turnover reached HK$134.7 billion. The current rally in Hong Kong stocks was primarily driven by technology and international financial stocks. If the momentum in these two sectors falters and profit-taking occurs, the Hang Seng Index could retest the 26,600 to 26,800 level in the short term. However, with ample global liquidity and market expectations of two more Federal Reserve rate cuts this year, any correction in the Hang Seng Index could present a bargain hunting opportunity. European stock markets showed mixed results, with the UK and French stock markets rising 0.67% and 0.31%, respectively, while the German stock market fell 0.18%. The U.S. Congress voted again on a short-term bill to extend feder...

Hong Kong stocks performed well on the first trading day of the fourth quarter. The Hang Seng Index opened 62 points higher at 26,918 and continued to rise, rising as much as 526 points to a four-year high of 27,381. The index rose 431 points, or 1.6%, to 27,287, marking its third consecutive day of gains. The Tech Index rose 217 points, or 3.35%, to 6,682. Despite the absence of Northbound capital inflows, the Main Board's turnover reached HK$222.4 billion. Despite the risk of a US government shutdown and the latest employment data being worse than expected, the upward trend of US stocks remained unaffected. Hong Kong stocks have recently resumed their upward trend, driven by technology stocks. Even with the suspension of Northbound capital inflows, the Hang Seng Index still broke through the 27,000 mark in the intraday session. Investors are optimistic that US stocks will remain strong amid the interest rate cut cycle, and news of mainland China's national policies have boost...

Hong Kong stocks closed strong on the final trading day of the third quarter. The Hang Seng Index opened 51 points higher at 26,674, then dipped 64 points to a low of 26,558 before regaining momentum in the afternoon, finishing the day up 232 points, or 0.87%, at 26,855. The Tech Index rose 141 points, or 2.24%, to 6,465. Main Board turnover reached HK$314.9 billion. The Hang Seng Index surged 1,777 points, or 7.09%, in September, its largest monthly gain since February this year and extending its five-month winning streak to its longest since February 2021. The Hang Seng Index rose 2,783 points, or 11.56%, in the third quarter, marking its third consecutive quarter of gains. Due to the long mainland holiday, northbound capital inflows were halted, resulting in a relatively quiet market. The Hang Seng Index is expected to consolidate between 26,000 and 27,000 points. A break above 27,000 in the short term is unlikely. Investors with existing stocks should continue to hold, ...