Investment

The Hang Seng Index opened 65 points higher at 26,011 before retreating, falling as much as 138 points to 25,807, before closing down 87 points or 0.33% at 25,858. The Tech Index rose 1 point or 0.01% to 5,599. Main board turnover was HK$146.2 billion. For the week, the Hang Seng Index rose 638 points or 2.53%. In November, it fell 47 points or 0.18%. Since October, the market has shown a pattern of rising first and then falling for two consecutive months. The Hang Seng Index remains below its 50-day and 20-day moving averages, technically continuing its mid-term correction. In the short term, there may not be a clear direction, and it will continue to fluctuate within a high range. Resistance is around 27,000 points, and support is at 25,100 points. Since September, it has been fluctuating within this 2,000-point range, and there are currently no major factors that could trigger a market breakout. A US interest rate cut in December is highly likely due to weakening retail and employme...

On the futures settlement day, the Hang Seng Index opened 17 points higher at 25,945, then traded sideways, rising as high as 195 points to 26,123 and falling as low as 105 points to 25,822. It closed up 17 points, or 0.06%, at 25,945, marking its fourth consecutive day of gains. The Technology Index fell 20 points, or 0.36%, to 5,598. Main board turnover was HK$204.7 billion. The Hang Seng Index is expected to return above its 50-DMA (26,276). If it can stabilize above this level, market sentiment can remain optimistic; conversely, if it continues to fall below this level, the support level of the 100-DMA (25,714) should be closely watched. While the likelihood of a US Federal Reserve rate cut next month is high, the market remains concerned about internal disagreements within the Fed and whether they will affect the pace of rate cuts next year. As for Hong Kong stocks, recent trading volume has been lighter than before, reflecting a more conservative approach from investors ahead of ...

The Hang Seng Index opened 152 points higher at 26,046, and the gains extended to 241 points, reaching a high of 26,136. The gains then gradually narrowed, closing up 33 points or 0.12% at 25,928, marking its third consecutive day of gains, but again failing to close above the 26,000 mark. The Technology Index rose 6 points or 0.11% to 5,618. Main board turnover was HK$207 billion. Both Hong Kong and US stocks have rebounded recently due to further easing of US-China relations and rising expectations of interest rate cuts. Hong Kong stocks are likely to continue their high-level consolidation in the short term, with the long-term positive outlook remaining unchanged. However, short-term volatility due to continuous gains and profit-taking by some investors should be monitored. Closely monitor whether the Hang Seng Index can return above the 50-DMA(26,276). If it can stabilize above this level, market sentiment may remain optimistic; conversely, if it continues to fall below, attention ...

Some investors mistakenly believed that the phone call between the Chinese and US leaders would be beneficial to the market, and Hong Kong stocks continued Monday's nearly 500-point rise. Yesterday, after a higher opening, the Hang Seng Index fluctuated upwards, with technology stocks continuing to drive the market. The Hang Seng Index opened 232 points higher, or 0.9%, at 25,948, and then fluctuated upwards, with the market gain once expanding to a maximum of 352 points, reaching a high of 26,069. Selling pressure appeared above the 26,000 mark, and the gains narrowed in the afternoon session, rising only 24 points at one point, reaching a low of 25,740. It closed at 25,894, up 178 points or 0.69%, marking two consecutive days of gains. The Tech Index rose 66 points, or 1.2%, to 5,612. Total market turnover shrank to HK$231.1 billion. The Hang Seng Index was previously constrained by the 50-DMA (26,286), and is expected to break through this level this week, testing whether it can...

The Hang Seng Index opened 232 points higher at 25,452 and maintained its upward trend, rising as much as 550 points in the afternoon to a high of 25,770, closing up 496 points or 1.96% at 25,716. The Technology Index rose 150 points or 2.78% to 5,545. Main board turnover was HK$302.6 billion. A slight increase in expectations of a US Federal Reserve interest rate cut stabilized overseas stock markets, leading to a technical rebound in Hong Kong stocks yesterday. The Hang Seng Index climbed back above the 100-DMA (25,655) and may break through the 50-DMA (26,290) resistance in the next two days. If a correction occurs, last Friday's low of 25,178 will become a crucial short-term support level that cannot be breached. Following Liu Yang's reaffirmation that the Hang Seng Index's target of 35,000 points by 2027 remains unchanged, HSBC Global Research issued a report raising its year-end target for the Hang Seng Index from 27,010 points to 27,500 points, and its year-end targe...

On Friday, the Hang Seng Index opened 375 points lower at 25,460, and the decline widened to 656 points at one point, reaching a low of 25,178. It closed down 615 points, or 2.38%, at 25,220. The Technology Index fell 179 points, or 3.21%, to 5,395. Main board turnover was HK$285.7 billion. For the week, the Hang Seng Index fell a cumulative 1,352 points, or 5.08%. The Hang Seng Index broke below the 100-DMA (25,640) for the first time since April. A rebound is expected today, potentially returning above it, but resistance is seen at the 20-DMA (26,251). There are no major catalysts in the short term, especially as the year-end approaches, and investors are adopting a relatively conservative stance. If the Hang Seng Index fails to return above the 100-DMA within two trading days and falls below the mid-March high of 24,874, it would mean that a medium-term correction in Hong Kong stocks may have officially begun. European stocks traded mixed, with British and French stocks rising 0.13%...

The Hang Seng Index opened 169 points higher at 25,999, then fluctuated, rising as much as 216 points to 26,046. It then fell as much as 138 points to 25,692 in the afternoon before recovering slightly to close up 4 points or 0.01% at 25,835, ending a four-day losing streak. The Technology Index fell 32 points or 0.57% to 5,574. Main board turnover was HK$245.1 billion. Hong Kong stocks have recently been dragged down by external factors, with the Hang Seng Index falling by about 1,000 points from its high. Although it temporarily stabilized yesterday, the Hang Seng Index has broken below the 10-day, 20-day, and 50-day moving averages. It is expected to test the support of the 100-DMA (25,628) today, and is very likely to fall below it. Even if there is a rebound, there is significant resistance at the 20-DMA (26,288), and there are no major catalysts in the short term, especially as the year-end approaches, and investors are adopting a more conservative stance. Furthermore, whether th...

The Hang Seng Index opened 24 points higher at 25,954, rising as much as 115 points to 26,045 before softening, falling as much as 187 points to a low of 25,742. It closed down 99 points, or 0.38%, at 25,830. The Technology Index fell 38 points, or 0.68%, to 5,606. Main board turnover was HK$211.4 billion. Yesterday, the Hang Seng Index fell nearly 200 points at one point, but closed above the 100-DMA (25,613). However, US tech stocks were the epicenter of this decline, and funds are preparing for year-end closing. Looking ahead, the Hong Kong stock market remains in a short-term adjustment period. Weak macro liquidity and corporate earnings expectations have fueled risk aversion. Rapid sector rotation and cautious investor sentiment suggest the market may need to wait for further clarity on US interest rate policy and mainland economic data before seeking a rebound opportunity. The Hang Seng Index is expected to hold above 25,599 points in the short term, and investors should take thi...

The Hang Seng Index opened 212 points lower at 26,172 and continued its decline, falling as much as 562 points in the afternoon to a low of 25,821. It closed down 454 points, or 1.72%, at 25,930. The Technology Index fell 111 points, or 1.93%, to 5,645. Main board turnover was HK$242.1 billion. Global investment sentiment deteriorated, impacting Hong Kong stocks. The Hang Seng Index lacked upward momentum, marking its third consecutive day of decline. The Hang Seng Index has broken below the 10-day, 20-day, and 50-day moving averages, and will likely test the support of the 100-day moving average (25,598). Whether a medium-term correction in Hong Kong stocks has officially begun will depend on whether the previous medium-term upward wave peak, namely the mid-March high of 24,874, is breached. From another perspective: The 0.382 Fibonacci retracement level for the rise from the early April low of 19,260 to 27,381 is 24,279. European stocks declined across the board, with the UK, French,...

The Hang Seng Index opened 130 points lower at 26,441, then fell as much as 320 points to 26,252, closing down 188 points or 0.7% at 26,384. The Technology Index fell 55 points or 0.96% to 5,756. Main board turnover was HK$217.6 billion. As expected, Hong Kong stocks fell yesterday, with the Hang Seng Index closing above its 50-DMA (26,284). The Hang Seng Index was briefly pushed down to 26,252 by large short sellers, below the Bollinger Band middle line on the daily chart; fortunately, the market stabilized in the middle of the afternoon session. It is anticipated that the Hang Seng Index may not be able to hold its 50-DMA today, and may test the 100-DMA (25,583) for support. The performance of mainland Chinese stocks and corporate earnings will directly affect the Hong Kong stock market, especially high-dividend and technology stocks. European stocks fell across the board, with British, French, and German stocks declining by 0.24%, 0.63%, and 1.2% respectively. U.S. stocks fluctuated...

The Hang Seng Index opened 412 points lower at 26,660 and continued its downward trend, falling as much as 537 points in the afternoon to a low of 26,535. It closed down 500 points, or 1.84%, at 26,572, ending a four-day winning streak. The Technology Index fell 168 points, or 2.81%, to 5,812. Main board turnover was HK$232.7 billion. In May, the Hang Seng Index confirmed a break above the neckline of a large double bottom at 22,700 and advanced along a parallel upward channel. On October 2nd, it reached the channel top at 27,381 before encountering resistance and turning downwards. However, it found support at the 100-DMA (25,561) and rebounded over the past two weeks, recovering the 50-DMA (26,263). However, it encountered significant resistance again near the previous high of 27,381. Although the Hang Seng Index opened below 26,733 points on Friday, it managed to close above the 10-DMA (26,469). As long as it remains above the 50-DMA, further downside is limited. With the Bollinger ...

The Hang Seng Index opened 143 points lower at 26,779, falling as much as 189 points to a low of 26,733. It rebounded in the afternoon, rising as much as 266 points to 27,188, closing up 150 points or 0.55% at 27,073, marking its fourth consecutive day of gains. The Technology Index rose 47 points or 0.79% to 5,981. Main board turnover was HK$270.6 billion. The Hang Seng Index has reached the measured upside target of wave (b) at 26,949 and broken through the 27,000 mark. However, the lack of trading volume indicates cautious investor sentiment, suggesting that the market is not poised to challenge the resistance level of 27,381 reached on February 2nd. Given the significant accumulated gains, a correction is expected. If the market opens below 26,733 this morning, the first strong support level will be the 10-DMA (26,402). The downward momentum is expected to gradually increase. As the year draws to a close, investor sentiment has become more cautious, shifting from a focus on growth ...

The Hang Seng Index opened 58 points higher at 26,754, and then extended its gains to 319 points, reaching a high of 27,016 before retreating to close up 226 points or 0.84% ​​at 26,922, marking its third consecutive day of gains. The Technology Index rose 9 points or 0.16% to 5,933. Main board turnover was HK$236.3 billion. The Hang Seng Index briefly climbed back above the 27,000 mark, reaching 27,016, but weak trading volume indicated cautious investor sentiment. If the Hang Seng Index can continue to stabilize at its current level, Hong Kong stocks still have room for further gains. The key resistance level is the October 2nd high of 27,381. A break above this level would likely lead to further gains towards new highs for the year, and could even develop into another medium-term upward trend, targeting 28,247. European stock markets performed well, with French and German stocks both rising over 1%, and British stocks slightly up 0.12%. U.S. stocks rallied on Wednesday as the U.S. g...

The Hang Seng Index opened 99 points higher at 26,748, rising as much as 139 points to 26,788 before turning down 137 points to a low of 26,511. It recovered some ground in the late session, closing up 47 points or 0.17% at 26,696. The Technology Index rose 8 points or 0.14% to 5,924. Main board turnover was HK$210.2 billion. Some stock commentators believe that the current level is not a suitable time to enter the Hong Kong stock market. The Hang Seng Index has recently been fluctuating between 25,000 and 27,000 points, and is currently at the 26,600 level. There is only about 300-400 points of upside potential, but the downside could be as much as 1,000 points, making it not worth the risk. However, according to technical analysis: After reaching a high of 27,382 points on October 2nd, the Hang Seng Index fell sharply, hitting a low of 25,145 points on October 17th, a drop of approximately 2,200 points. It then rebounded, reaching 26,588 points on October 30th, before falling back to...

Hoping for the end of the US government shutdown, the Hang Seng Index opened 77 points higher at 26,319, and the gains widened in the afternoon, rising as much as 427 points to 26,668, closing up 407 points or 1.55% at 26,649. The Technology Index rose 78 points or 1.34% to 5,915. Main board turnover was HK$214.7 billion. The expectation of a short-term end to the US government shutdown spurred a rebound in Hong Kong stocks. Although the market recovered, trading volume was not strong, indicating cautious investor sentiment. If the Hang Seng Index can close above 26,500 for two consecutive trading days, the outlook for Hong Kong stocks can be more bullish. The first resistance level is the October 2 high of 27,381. If the Hang Seng Index can break through this level, it not only indicates that the market will seek new highs for the year, but also suggests the beginning of a new medium-term upward wave, with the first target at 29,617. If the market can initiate a new medium-term upward...

The Hang Seng Index opened 135 points lower at 26,350 and continued its downward trend, falling as much as 318 points to a low of 26,167. It closed down 244 points, or 0.92%, at 26,241. The Technology Index fell 106 points, or 1.79%, to 5,837. Main board turnover was HK$209.6 billion. On October 2nd, the Hang Seng Index encountered resistance at the Bollinger Band upper limit of 27,381 and turned downwards, finding support at the 100-DMA. Even with rebounds, the price action was characterized by lower highs and lower lows, indicating a clearly weakening technical trend. Although the Hang Seng Index rebounded 550 points last Thursday, turnover was only around HK$230 billion, and it fell again on Friday. As the Bollinger Bands on both the daily and weekly charts are narrowing, the Hong Kong stock market is expected to trade sideways, fluctuating between 25,100 and 27,400 points. The market believes that factors such as reduced capital inflows, weakening technical trends, and the revaluat...

The Hang Seng Index opened 126 points higher at 26,061 and gradually extended its gains, rising as much as 555 points in the afternoon to a high of 26,490, closing up 550 points or 2.12% at 26,485. The Technology Index rose 158 points or 2.73% to 5,944. Main board turnover was HK$234.6 billion. Although Hong Kong stocks rebounded sharply yesterday, market sentiment has become more cautious as the year-end approaches. Furthermore, with little focus on corporate earnings, the Hang Seng Index is expected to be capped by the key resistance level of 26,580, continuing to fluctuate between 25,500 and 26,500. Investors continue to monitor changes in trading volume and the latest international financial news, especially given the current global economic environment and the continued market volatility. In terms of stock strategy, recent funds have tended to deploy in defensive high-yield sectors; investors are advised to consider increasing their holdings in mainland banks and telecommunication...

The Hang Seng Index opened 250 points lower at 25,701, and the decline widened to 456 points at one point, reaching a low of 25,496. The losses then gradually narrowed, and the index even rebounded by 28 points to 25,980, closing down 16 points or 0.06% at 25,935. The Technology Index fell 32 points or 0.55% to 5,785. Main board turnover was HK$238.8 billion. Hong Kong stocks narrowed their losses towards the end of yesterday's trading session, but the Hang Seng Index still closed below its 10-day, 20-day, and 50-day moving averages. However, it is expected to recover all of these today, with strong support at the 100-DMA (25,356). Market concerns have arisen regarding the overvaluation of US tech companies, worrying that these companies may not reap corresponding returns after significant investments. Coupled with the partial shutdown of the US federal government and waning expectations of a December Fed rate cut, this has led to a valuation adjustment in US stocks, particularly i...

The Hang Seng Index opened 10 points lower at 26,148, then fell 246 points to 25,911 in the afternoon, closing down 205 points or 0.78% at 25,952. The Tech Index dropped 104 points or 1.75% to 5,818. Main board turnover was HK$239.9 billion. Yesterday morning, the Hang Seng Index reached a high of 26,291, slightly exceeding last Friday's high of 26,263, but subsequently declined, breaking below the 10-day, 20-day, and 50-day moving averages. The next support level to watch is the 100-DMA (25,337). If the 100-DMA support is breached, it will be necessary to consider whether a medium-term correction in Hong Kong stocks has officially begun, depending on whether the previous medium-term upward wave peak, namely the mid-March high of 24,874, is broken. In other words, the 0.382 Fibonacci retracement target for the correction from the early April low of 19,260 to 27,381 is 24,279. While the recent meeting between the Chinese and US leaders resulted in concessions from both sides, it was...

The Hang Seng Index opened 92 points higher at 25,999, and rose as much as 310 points in the afternoon to a high of 26,217, closing up 251 points or 0.97% at 26,158, breaking a three-day losing streak. The Technology Index rose 14 points or 0.24% to 5,922. Turnover on the main board was HK$228.6 billion. Although the Hang Seng Index closed with bearish candles for all five trading days last week, leading most investors to be cautious about the Hong Kong stock market, yesterday's first trading day in November was a positive one. The Hang Seng Index broke through 26,000 points and recovered both the 10-day and 50-day moving averages. The only drawback was that the 20-DMA (26,164) was lost at the close. Technically, yesterday's rebound was less than Friday's decline, and the market must return above the Friday's opening high of 26,263 to reverse the weakness. The Hang Seng Index is expected to continue fluctuating between 25,500 and 26,500 points. Lacking new speculative t...

On Friday, the Hang Seng Index opened 19 points lower at 26,263, and the decline widened in the afternoon, closing at its intraday low of 25,906, down 376 points or 1.43%. The Technology Index fell 143 points or 2.37% to 5,908. Main board turnover was HK$257.6 billion. For the week, the index fell a cumulative 253 points or 0.96%. In October, the Hang Seng Index fell a cumulative 948 points or 3.53%. The Hang Seng Index has broken below the 10-day, 20-day, and 50-day moving averages, and will likely test the support of the 100-DMA(25,301). Whether the medium-term correction wave in Hong Kong stocks has officially begun will depend on whether the previous medium-term upward wave peak, namely the mid-March high of 24,874, is breached. From another perspective: The rise from the early April low of 19,260 to 27,381, with a 0.382 Fibonacci retracement target of 24,279, represents a potential correction. While the US and China reached an agreement, the market was not particularly surprised. ...