Investment

Hong Kong stock futures settled smoothly. The Hang Seng Index opened 1 point higher and rose significantly in the afternoon, gaining as much as 294 points to 25,930, but was capped by the 26,000 mark, closing up 219 points or 0.86% at 25,854. The Tech Index rose 95 points or 1.74% to 5,578. Main board turnover exceeded HK$199.7 billion. Yesterday's rebound was capped by the previous day's high of 26,082. If today's closing price fails to reach above that level, it will confirm that a very short-term downtrend is underway. The short-term outlook remains favorable, but if the decline widens, it could turn bearish or even bearish. Due to the Lunar New Year holiday, market participation is low. US stocks are expected to continue consolidating at high levels in the short term. Although there is still a risk of a pullback from these high levels, a deeper correction is not expected until early 2026 at the earliest. Hong Kong stocks were also constrained by the holiday atmosphere, ...

Hong Kong stocks resumed trading after the holiday, rising initially before retreating. The Hang Seng Index opened 109 points higher, or 0.43%, rising as much as 264 points to a high of 26,082, but then fell in the afternoon, closing at 25,635, down 183 points or 0.71%. The Technology Index fell 16 points, or 0.3%, to 5,483. Total market turnover was HK$224.5 billion. Yesterday, the Hang Seng Index failed to hold the 26,000 level, closing below the 10-day, 20-day, 50-day, and 100-day moving averages. The very short-term rebound from the low on October 16th is likely over, and the market needs to consolidate at lower levels before determining its next direction. It is expected to break below the 150-day moving average (25,340) and test the support level of 25,145, the low in mid-October. Looking ahead to next year, the overall market outlook is cautiously optimistic. Hong Kong stocks are expected to benefit from the positive performance of the mainland stock market, and investors can gr...

Hong Kong stocks traded for half a day on Christmas Eve. The Hang Seng Index opened 5 points higher and then fluctuated narrowly, closing up 44 points or 0.17% at 25,818; the Technology Index rose 10 points or 0.19% to 5,499. Turnover on the main board was HK$92.5 billion. Financial stocks performed well, with HSBC Holdings closing at HK$123.8, up 1.2%, hitting a new 52-week high. If it breaks through HK$135, in the best-case scenario, it could revisit the historical high of HK$153.5 reached on October 15, 2007. On the eve of the holiday, the Hang Seng Index is expected to remain sluggish, but there are some positive factors. The US postponed the imposition of tariffs on Chinese chips, which boosted overall market sentiment. Even though the Hang Seng Index hasn't seen a significant rise, it has recently recovered several major moving averages: the Hang Seng Index has crossed the 10-DMA (25,642) and the 20-DMA (25,744), indicating that the market has shaken off its weakness of conti...

The Hang Seng Index opened 74 points higher at 25,875, then rose as much as 125 points to 25,927 before turning lower in the afternoon, closing down 27 points or 0.1% at 25,774, ending a four-day winning streak. The Technology Index fell 37 points or 0.68% to 5,488. Main board turnover was HK$157.1 billion. With only half a day of trading remaining this week, the US saw a Christmas rally, but Hong Kong stocks were relatively weak. This was because funds were focused on international bank stocks, while Chinese technology stocks were weak, offsetting the upward momentum of Hong Kong stocks. It is expected that the Hang Seng Index will be limited to a range of 25,145 to 26,264 points before the end of the year. Yesterday, the Hang Seng Index reached the measured upward target of wave (c)-iv at 25,835. If bulls can hold above this level, the market will likely surpass the high of the 12th of this month, which is the starting point of wave (c)-iii at 26,007, and may move further upward. Reg...

The Hang Seng Index opened 105 points higher at 25,795, rising as much as 169 points to 25,859 before turning down 19 points in the afternoon to a low of 25,671. It closed the day up 111 points, or 0.43%, at 25,801, marking its fourth consecutive day of gains. The Technology Index rose 47 points, or 0.87%, to 5,526. Main board turnover was HK$169.7 billion. Last week, the Hang Seng Index rebounded after testing the 25,145 level, indicating some defensive strength for Hong Kong stocks at this level. The Bank of Japan's interest rate hike and the release of US economic data helped alleviate market uncertainty. Furthermore, the recent rebound in US technology stocks from their lows is expected to drive a recovery in related sectors in Hong Kong. The Hang Seng Index is expected to challenge the 26,000 level in the short term; however, whether it can stabilize will depend on the performance of the mainland China stock market. European stocks consolidated, with British, French, and Germa...

The Hang Seng Index opened 136 points higher at 25,634 and maintained its upward trend, rising as much as 248 points to 25,747 in the afternoon. It closed up 192 points, or 0.75%, at 25,690, marking its third consecutive day of gains. The Technology Index rose 60 points, or 1.12%, to 5,479. Main board turnover was HK$221.1 billion. Hong Kong stocks improved, returning above the 10-day moving average (25,577). The Hang Seng Index found strong support around 25,145, the left shoulder of a triple bottom and the neckline of a double top, making a break below this level unlikely. A rebound to above 26,000 is possible, but with the holiday approaching, trading was quiet, and Chinese technology stocks lacked momentum. Therefore, the Hang Seng Index may not have much room for further rebound; the focus is instead on individual sectors, such as robotics concept stocks and international financial stocks. In European stock markets, British, French, and German stocks rose 0.61%, 0.01%, and 0.37%, ...

The Hang Seng Index fluctuated, opening 137 points lower at 25,330, then falling as much as 207 points to 25,261, before recovering to rise 43 points to a high of 25,511, closing up 29 points or 0.11% at 25,498. The Technology Index fell 39 points or 0.72% to 5,418. Main board turnover was HK$162.3 billion. Recently, external market conditions have shown signs of weakness, with the extent of future interest rate cuts and macroeconomic performance attracting significant attention. Funds are currently cautious, and investors are hesitant to make any moves without significant news. Overall trading volume is expected to decrease before the end of the year, with a possible reversal at the beginning of next year, maintaining a fluctuating and slightly weak trend in the short term. The Hang Seng Index has strong support around 25,145, which also represents the left shoulder of a triple bottom and the neckline of a double top, and is unlikely to break through this level. A rebound to above 26,...

The Hang Seng Index opened 8 points higher at 25,243, then traded sideways before rallying in the afternoon, rising as much as 259 points to 25,494. It closed the day up 233 points, or 0.92%, at 25,468. The Tech Index rose 55 points, or 1.02%, to 5,457. Main board turnover was HK$183.1 billion. Currently, Hong Kong stocks are showing a "triple bottom" pattern. The first bottom was on October 17th, with a low of 25,145 points; the second bottom was on November 21st at 25,178 points; and the third bottom was reached the day before yesterday at 25,086 points, although the decline narrowed slightly by the close of trading. In fact, the Hang Seng Index rose to a new bull market high of 27,381 points in late September, then corrected to 25,145 points before rebounding to 27,188 points, forming a double top pattern. If it breaks below the left shoulder of the triple bottom and the neckline of the double top at 25,145 points, the measured decline could reach 22,909 points; unless the...

The Hang Seng Index opened 80 points lower at 25,547, then extended its losses, falling as much as 542 points to a low of 25,086, before closing down 393 points or 1.53% at 25,235. The Tech Index fell 95 points or 1.74% to 5,402. Main board turnover was HK$201.5 billion. Yesterday's relatively low turnover during the decline suggests that selling pressure was not too severe. The recent weakness in Hong Kong stocks is mainly due to volatility in US stocks and weak Chinese economic data. Given the significant gains the Hang Seng Index has accumulated this year, profit-taking is possible. However, if it breaks below the double-top neckline at 25,145, it may fall to the 250-DMA (23,801), a key level separating bull and bear markets. However, no negative factors have yet emerged to cause a significant further decline in Hong Kong stocks. The market is expected to trade within a range in the short term, finding support at the 150-DMA (25,253). Now may be a good time to enter the market, ...

The Hang Seng Index opened 258 points lower at 25,718 and continued its downward trend, falling as much as 367 points in the afternoon to a low of 25,609, closing down 347 points or 1.33% at 25,628. The Technology Index fell 139 points or 2.47% to 5,498. Main board turnover was HK$204.2 billion. Unless the index returns to and holds above the 50-DMA (26,083) this week, the double-top threat can be mitigated; otherwise, a break below the neckline of the double top at 25,145 would likely lead to a drop to at least the 250-day moving average (23,801), a key level for bull and bear markets. With the year-end approaching, investor buying interest is reduced, and the Hang Seng Index is expected to remain range-bound between 25,145 and 26,083. A return above the 50-DMA after the Bank of Japan's interest rate decision cannot be ruled out. For those seeking a market rebound, large-cap technology stocks may be worth considering. European stocks performed well, with British, French, and Germa...

The Hang Seng Index opened 230 points higher at 25,761 and maintained its upward trend, with gains widening in the afternoon, rising as much as 475 points to 26,006. It closed the day up 446 points, or 1.74%, at 25,976. The Tech Index rose 103 points, or 1.86%, to 5,638. Main board turnover was HK$242.6 billion. Although Hong Kong stocks rebounded on Friday, the Hang Seng Index remained constrained by the 50-DMA (26,116). Unless it breaks through and holds above this level this week, the double-top threat may be averted. If it falls below the neckline of the double top at 25,145, it will at least fall to the 250-DMA (23,781), a key level for bull and bear markets. In a weaker scenario, the measured decline could reach 22,900. The Hang Seng Index is expected to fluctuate between 25,145 and 26,116 before the end of the year. The Central Economic Work Conference emphasized prioritizing domestic demand and building a strong domestic market. This primarily benefits consumer stocks, but its ...

The Hang Seng Index opened 169 points higher at 25,710, then rose as much as 260 points to 25,801 before falling as much as 69 points to a low of 25,471. It closed down 10 points, or 0.04%, at 25,530. The Technology Index fell 46 points, or 0.83%, to 5,534. Main board turnover was HK$182.4 billion. Trading in Hong Kong stocks was quiet, and the market has yet to break out of its current range. The Hang Seng Index has support at 25,000, with resistance at 26,000. Investors should pay attention to US interest rate factors and whether the Central Economic Work Conference will result in the implementation of favorable policies. European stocks were stable, with the UK, French, and German indices rising 0.49%, 0.79%, and 0.68%, respectively. US stocks were mixed on Thursday. The Dow Jones Industrial Average hit a new intraday high, closing at a record high along with the S&P 500, while the Nasdaq Composite was weaker. The Dow Jones Industrial Average opened 25 points higher and then ext...

The Hang Seng Index opened 1 point higher at 25,435, then fluctuated, falling as much as 176 points to 25,257 before recovering in the afternoon to close at its intraday high of 25,540, up 106 points or 0.41%. The Technology Index rose 26 points or 0.47% to 5,581. Main board turnover was HK$193.3 billion. HSBC Holdings rose 2%, driven by a combination of factors including market confidence in HSBC's internal reforms and positive analyst assessments. The target price is HK$138. The Hang Seng Index has been declining recently, with turnover exceeding HK$200 billion, reflecting heavy selling pressure. Unless the Hang Seng Index can quickly recover its 50-DMA (26,134), the outlook is not optimistic. Investors should be cautious, lock in profits, protect principal, and avoid assuming that funds will engage in year-end window dressing. European stocks traded mixed, with the UK FTSE 100 rising 0.14%, while French and German stocks fell 0.37% and 0.13% respectively. The US Federal Reserve ...

The Hang Seng Index opened 15 points higher at 25,780, then rose as much as 54 points to 25,820 before weakening, falling as much as 378 points to 25,386. It closed down 331 points, or 1.28%, at 25,434. The Technology Index fell 107 points, or 1.9%, to 5,554. Main board turnover was HK$210.2 billion. A crucial meeting is currently being held in mainland China, where authorities reiterated their commitment to continuing a more proactive fiscal policy and a moderately loose monetary policy to maintain economic momentum. While this is positive, it offers little new information, and no major substantive policies have yet been introduced, thus providing insufficient impetus to the market. The Hang Seng Index's weakness was mainly dragged down by technology, financial, and consumer stocks, reflecting cautious market sentiment. The Hang Seng Index lacks the strength to break through the upper resistance of its trading range; if it fails to hold the lower support, further declines could be...

The Hang Seng Index opened 17 points lower at 26,067, then briefly rose 66 points to 26,151 before selling pressure emerged, causing it to drop 329 points to 25,755. It closed down 319 points, or 1.22%, at 25,765. The technology index outperformed, rising less than 1 point to 5,662. Main board turnover was HK$206.2 billion. The Hang Seng Index has fallen below its 100-DMA (25,834), and the next key support level to watch is the 150-DMA (25,143). In fact, the Hang Seng Index rose to a new bull market high of 27,381 in late September, then corrected to 25,145 before rebounding to 27,188, forming a double top pattern. If it breaks below the neckline of this double top at 25,145, the measured decline could reach at least the 250-DMA (23,686), a key level separating bull and bear markets, with a weaker scenario seeing a drop to 22,900 points. This week, the market is focused on the US Federal Reserve's interest rate meeting. A rate cut is already expected; the most important factor is w...

On Friday, the Hang Seng Index opened 102 points lower, rose 195 points to a high, and fell 177 points to a low, with a range of 373 points. It closed up 149 points, or 0.58%, at 26,085 points. Market turnover was HK$210.4 billion, an increase of 17.38% from the previous day, the highest since the HK$231.1 billion turnover on November 25th. The percentage of advancing stocks was 38.22%, declining stocks 32.07%, and unchanged stocks 29.69%. The Hang Seng Tech Index closed at 5,662 points, up 0.84%. Hong Kong stocks rose for two consecutive days, stabilizing above the 26,000-point mark. For the week, it rose 226 points, or 0.87%, marking two consecutive weeks of gains. The market is unlikely to break out of its short-term sideways pattern. The key support level for the Hang Seng Index is the 100-day moving average (25,821). A significant upward move is possible only if it breaks through the 50-day moving average (26,203). The lackluster quarterly results of Chinese technology stocks, cou...

The Hang Seng Index opened 43 points higher at 25,804, then briefly fell 111 points to 25,649 before recovering in the afternoon, rising as much as 230 points to 25,990. It closed up 175 points, or 0.68%, at 25,935. The Tech Index rose 80 points, or 1.45%, to 5,615. Main board turnover was HK$179.3 billion. The Hang Seng Index faces significant resistance at the 50-DMA (26,205). Lower trading volume reflects that institutional investors, having already reaped substantial profits this year, are seeking to preserve their gains and are adopting a more conservative approach. This situation may continue until the end of the year. Therefore, it is believed that Hong Kong stocks will struggle to break through resistance levels in the short term and will be unlikely to follow overseas markets upwards, instead maintaining a fluctuating pattern. Support is seen at the 25,200 level. Meta's stock price rebounded sharply after reports of significant spending cuts surfaced; meanwhile, initial jo...

The Hang Seng Index opened 114 points lower at 25,980, then fell as much as 370 points to 25,724, closing down 334 points or 1.28% at 25,760. The Tech Index fell 89 points or 1.58% to 5,534. Main board turnover was HK$164.3 billion. Since April 14th of this year, the Hang Seng Index has only broken below the 100-DMA (25,789) on April 16th, November 21st, and December 3rd, reflecting strong support at the 100-DMA. It is expected to recover quickly today, continuing to hover between 25,700 and 26,200 in the short term. Otherwise, a gradual decline will form, with the next support level at 25,000 to 25,200. In a weaker scenario, the support level to watch is the 150-DMA (25,073). In fact, the Hang Seng Index rose to a new bull market high of 27,381 in late September, then corrected to 25,145 before rebounding to 27,188, forming a double top pattern. If it breaks below the neckline of the double top at 25,145, the measured decline could reach 22,900, which is also the 250-DMA (23,609), a k...

The Hang Seng Index opened 155 points higher at 26,188, then rose as much as 230 points to 26,264 before retreating and briefly turning negative. It closed up 61 points, or 0.23%, at 26,095. The Technology Index fell 20 points, or 0.36%, to 5,624. Main board turnover was HK$178.2 billion. The Hang Seng Index remained capped by the 50-DMA (26,228). Hong Kong stocks have been trading within a sideways range of 25,000 to slightly over 27,000 points for the past few months, with little chance of an upward breakout. This is because the positive impact of the interest rate cut may have already been priced in, and there is a lack of other positive news, coupled with no increase in market turnover. Therefore, the market is expected to continue trading within this range, and investors may reduce their positions as the index approaches 27,000. European stocks closed relatively stable, with the UK, French, and German indices down 0.01%, down 0.28%, and up 0.51%, respectively. An OECD report indic...

At the start of December, the Hang Seng Index opened 86 points higher at 25,945, then rose as much as 320 points to 26,179, closing up 174 points or 0.67% at 26,033. The Technology Index rose 45 points or 0.81% to 5,644. Main board turnover was HK$200.8 billion. Recently, the expectation of an interest rate cut has warmed, which is beneficial to Hong Kong stocks. The market outlook for December is not pessimistic. If large-cap technology stocks perform well, the Hang Seng Index has the potential to challenge the 27,000 level. The immediate support level is 25,500, and 25,100 is crucial. Short-term resistance is seen at 26,200. European stock markets were weak, with the UK, French, and German stock markets falling 0.18%, 0.32%, and 1.04% respectively. Comments from Bank of Japan Governor Kazuo Ueda, hinting at an interest rate hike this month, spurred a rise in global bond yields and exacerbated market risk aversion. U.S. stocks were pressured on the first trading day of December. The D...