Investment 14/11/2025

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 stocks to a rotation towards high-dividend Chinese stocks, such as mainland banks and telecommunications stocks. This is expected to limit further upward movement in the short term. Better-than-expected earnings from technology stocks are needed to propel the market higher.

In European stock markets, the UK, French, and German stock markets fell by 1.05%, 0.11%, and 1.39%, respectively.

Weaknesses among large technology companies, mixed recent US corporate earnings, and a market bet on a 0.25% rate cut by the Federal Reserve in December falling to slightly below 50% all contributed to a sharp decline in US stocks on Thursday. All three major indices closed with their worst single-day performance in over a month. The Dow Jones Industrial Average opened 80 points lower than its record high and then fell as much as 843 points, reaching a low of 47,411. The S&P 500 fell as much as 1.84%, and the technology-heavy Nasdaq Composite dropped as much as 2.61%.

U.S. stocks closed with the Dow Jones Industrial Average down 797 points, or 1.65%, at 47,457; the S&P 500 fell 113 points, or 1.66%, to 6,737; and the Nasdaq Composite declined 536 points, or 2.29%, to 22,870.

The U.S. dollar index fell as much as 0.51% to 98.99; the euro rose 0.56% to $1.1659; and the yen gained 0.44% to 154.13 against the dollar. Bitcoin briefly fell 3.76% to $98,098.

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