Investment

Hong Kong stocks failed to hold the 28,000-point mark. The Hang Seng Index opened 199 points lower, falling as much as 215 points to 27,611 before rebounding to a high of 28,056, a more than 4.5-year high. It closed up 141 points, or 0.5%, at 27,968, marking its seventh consecutive day of gains. The Technology Index fell 59 points, or 1%, to 5,841. Main board turnover exceeded HK$331.9 billion. Yesterday was the expiration date for January futures and options. Large bullish and bearish investors clashed over a better settlement price, with the bulls prevailing. A correction is expected after the futures settlement, potentially testing the 27,000-point level. With strong trading volume, the Hang Seng Index could challenge the 28,000-point resistance level, with support moving up to the 20-day moving average (26,758). However, it is reasonable to predict that the upward momentum of the Hang Seng Index will begin to weaken, and there is a high probability of a medium-term correction. The ...

A weaker US dollar benefited risk assets, pushing Hong Kong stocks to a 4.5-year high. The Hang Seng Index opened 198 points higher at 27,325 and gradually extended its gains, closing at 27,826, a high for the day, up 699 points or 2.58%, marking its sixth consecutive day of gains. The Technology Index rose 145 points or 2.52% to 5,900. Main board turnover reached HK$361.5 billion. The Hang Seng Index quickly broke through the high of 27,381 points reached on October 2nd last year, indicating that after consolidation, the market could begin a new upward wave, aiming for a new high for the year, with the first target at 29,617 points. Trading in Hong Kong stocks for January will end tomorrow. It is almost certain that the Hang Seng Index will ultimately record a "large bullish candlestick" on the monthly chart; however, it is reasonable to predict that the upward momentum of the Hang Seng Index will begin to weaken, and there is a high probability of a medium-term ...

The Hang Seng Index opened 97 points higher at 26,863, then extended its gains, rising as much as 423 points to 27,188, before closing up 361 points or 1.35% at 27,126. The Technology Index rose 28 points or 0.5% to 5,754. Turnover on the main board reached HK$254.3 billion. The Hang Seng Index has accumulated a gain of 639 points over five days, returning to above 27,000, and is expected to challenge the high of 27,381 points reached on October 2nd last year. If the Hang Seng Index can break through this technical resistance, it would indicate that the stock market will further seek new highs for the year, and also suggest the possible start of a new upward wave, with an initial target of 29,617 points. However, given the current breakout from technical resistance, the market outlook is expected to be weaker, and risks are increased. European stock markets generally rose, with British and French stocks rising 0.58% and 0.27% respectively, while German stocks fell slightly by 0.15%. Th...

The Hang Seng Index opened 94 points higher at 26,844, then fell as much as 129 points to a low of 26,619, before recovering to a high of 161 points at 26,911, closing up 16 points or 0.06% at 26,765. The Technology Index fell 72 points or 1.24% to 5,725. Main board turnover was HK$261.6 billion. Hong Kong stocks were in a wait-and-see mode, with the index rising for the fourth consecutive trading day, accumulating a gain of 278 points. Strong support is expected at the 50-day moving average (26,086). With the futures settlement this week, the Hang Seng Index has a high chance of regaining the 27,000 mark. The first resistance level is currently at 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 further seek new highs for the year, but also suggests the possible start of a new medium-term upward wave, with the first target at 29,617. HSBC recommends increasing holdings of Hong Kong stocks, forecasting a 14% r...

The Hang Seng Index opened 231 points higher at 26,861, rising as much as 265 points to 26,895 before retreating to close up 119 points or 0.44% at 26,749, marking its third consecutive day of gains. The Tech Index rose 35 points or 0.61% to 5,798. Main board turnover was HK$240.8 billion. The Hang Seng Index traded sideways between 25,000 and 27,500 since September last year, falling near the bottom of the range in mid-November. It rebounded from its lows last month, but encountered resistance near the Bollinger Band top (27,115) the week before last. Last week saw a slight pullback, but the decline was not significant. If it can hold above the 50-day moving average (26,096), it still has a chance to test the resistance level of 27,381, the high of October 2nd last year, with a potential target of 30,000 points. Conversely, if it breaks below this level, the Hang Seng Index may have to retest the bottom of the range at 25,000. Market sentiment has improved somewhat recently, but the H...

The Hang Seng Index opened 165 points higher at 26,750, then rose as much as 194 points to 26,779 before retreating, falling as much as 85 points to 26,499. It regained momentum towards the close, finishing the day up 44 points or 0.16% at 26,629. The Tech Index rose 16 points or 0.28% to 5,762. Main board turnover was HK$234.8 billion. Despite easing geopolitical tensions, US Treasury yields have only slightly retreated from their highs, reflecting that market risk aversion has not significantly decreased, and funds are inclined to diversify their investments, which is believed to benefit Hong Kong stocks. Furthermore, even with recent volatility in US stocks, Hong Kong stocks have shown considerable resilience, with some individual stocks performing strongly, indicating that funds are willing to seek opportunities in the Hong Kong stock market. Therefore, Hong Kong stocks are slightly outperforming overseas markets, and the Hang Seng Index is expected to have a chance to challenge th...

The Hang Seng Index opened 90 points lower at 26,397, hitting its intraday low. It rose as much as 205 points in the afternoon, reaching a high of 26,692, closing up 97 points or 0.36% at 26,585. The Tech Index rose 62 points or 1.1% to 5,746. Main board turnover was HK$250.4 billion. Hong Kong stocks ended a four-day losing streak, repeatedly testing the 27,000-point level without success. However, barring any new negative news, the market could still challenge the high of 27,381 points reached on October 2nd last year. Otherwise, the market will likely remain within the Bollinger Bands and the central axis, trading in a range of 26,300 to 27,100 points. China's National Development and Reform Commission's policies aimed at stimulating the economy and boosting domestic demand should provide some support to the market. US President Trump stated at the World Economic Forum in Davos, Switzerland, that he would not use force to seize Greenland and sought immediate negotiations, te...

The Hang Seng Index opened 19 points lower at 26,544, then rebounded briefly to 26,638, a rise of 74 points before selling pressure returned, causing it to fall 200 points to 26,363. It closed down 76 points, or 0.28%, at 26,487, marking its fourth consecutive day of decline. The Technology Index fell 66 points, or 1.15%, to 5,683. Main board turnover was HK$237.7 billion. US markets were closed for a holiday on Monday and resumed trading yesterday with a sharp decline. Large investors in Hong Kong stocks began attempting to break through the bottom of the upward channel on the Hang Seng Index's daily chart, and it is expected to break through the bottom of another upward channel today, namely the high of 26,264 reached on February 2nd. Currently, the Hang Seng Index lacks upward momentum and may break below the bottom of the sideways trading range of the past few months at 25,168. The Hong Kong stock market outlook is weak, and a defensive strategy is recommended. In fact, the Han...

US President Trump announced tariffs on eight European countries starting next month, forcing them to cooperate in combating the "axis of evil." The Hang Seng Index opened 203 points lower at 26,641, and the decline widened to 311 points at one point, reaching a low of 26,533, before closing down 281 points or 1.04% at 26,563. The Technology Index fell 72 points or 1.24% to 5,749. Main board turnover was HK$225.6 billion. The Hang Seng Index currently faces significant resistance at 27,000 points. In the short term, the market may test the 20-day moving average (26,236) for support. Although there have been recent reports of targeted interest rate cuts in mainland China, the authorities' adjustment of margin trading ratios may constrain the upward momentum of A-shares. Hong Kong stocks are expected to consolidate this week, awaiting the next breakout opportunity. New World Development (00017) shares surged by over 16%. Market speculation suggests New World may be undertak...

The Hang Seng Index opened 171 points higher at 27,094, then rose as much as 252 points to 27,176 before falling back to a low of 26,741, a drop of 182 points. It closed down 78 points, or 0.29%, at 26,844. The Tech Index fell 6 points, or 0.1%, to 5,822. Main board turnover was HK$255 billion. The Hang Seng Index has challenged the 27,000-point mark for three consecutive days but has failed to hold, making a breakthrough in the short term difficult. Since last year, the Hang Seng Index has been fluctuating between 25,000 and 27,300 points, with significant resistance expected in this range. Investors should closely monitor the situation in the Middle East and the still unresolved US tariff case involving Trump. CK Hutchison Holdings (00001) shares reached a near four-year high, closing at HK$60.5, up 1.76%. JPMorgan Chase recently raised its target price for CK Hutchison Holdings to HK$68, maintaining an "overweight" rating. The company cited the Watsons spin-off as a potent...

The Hang Seng Index opened 27 points lower at 26,972 and then fluctuated downwards, rising as high as 207 points to 27,206 and falling as low as 191 points to 26,808. It closed down 76 points, or 0.28%, at 26,923, ending a four-day winning streak. The Technology Index fell 79 points, or 1.35%, to 5,828. Main board turnover was HK$290.4 billion. Hong Kong stocks have been repeatedly testing higher levels recently. The Hang Seng Index has now rebounded to around 27,000 points, with increased trading volume indicating improved momentum. If no new negative news emerges, it may challenge the high of 27,381 points reached on October 2nd last year. The next step is to see if it can break through this key level. If it fails to do so, the market may return to the sideways range of 25,000 to 27,400 points. However, the mainland's measure to raise margin requirements for margin financing cooled the stock market, and coupled with profit-taking pressure in overseas stock markets, the overall ma...

The Hang Seng Index opened 123 points higher at 26,971, rising as much as 249 points to 27,097. In the afternoon, influenced by news of mainland exchanges raising margin requirements, the Hang Seng Index briefly fell 68 points to a low of 26,780, before recovering to close up 151 points or 0.56% at 26,999, marking its fourth consecutive day of gains. The Technology Index rose 38 points or 0.65% to 5,908. Main board turnover was HK$340.3 billion. Given the current investment climate, Hong Kong stocks are expected to perform well. However, whether they can stabilize above the 27,000 mark depends on further catalysts, such as corporate earnings and the performance of A-shares. HSBC Global Research released its Asian market investment outlook report, reiterating its year-end target of 31,000 for the Hang Seng Index, equivalent to a projected price-to-earnings ratio of 13.5 times and a 10% earnings per share growth for constituent stocks this year, maintaining an "overweight" rati...

A Chance Encounter That Night Years ago, near the bend in Tai Shek Kau in Happy Valley, there was a hotel called No. 8 Inn, which offered hourly short-term rentals to cater to young couples or those needing short-term overnight stays. Due to Hong Kong's scarce land resources and limited family living space, hourly hotels were particularly popular in the 1970s and 80s, especially near middle-class neighborhoods like Happy Valley, offering high privacy and convenient transportation (close to tram lines and the racecourse). That year, before Christmas, I was invited to a banquet hosted by Vantone Engineering Company at Lee Gardens in Causeway Bay. The venue was brightly lit, filled with clinking glasses and the aroma of champagne and roasted meat. I was wearing a well-fitting suit, wandering aimlessly through the crowd, occasionally exchanging a few words with old acquaintances. Just as I was holding a wine glass, leaning against the bar, a slender figure caugh...

The Hang Seng Index opened 350 points higher at 26,958, and the gains extended to 535 points at one point, reaching a high of 27,143. The upward momentum then moderated, closing up 239 points or 0.9% at 26,848. The Technology Index rose 6 points or 0.11% to 5,869. Main board turnover was HK$315.1 billion. Hong Kong stocks have now rebounded to around 27,000 points, with increased trading volume indicating improved momentum. If no new negative news emerges, it may challenge the high of 27,381 points reached on October 2nd last year. The next step is to see if it can break through this key level. If it fails to do so, the market may return to the sideways range of 25,000 to 27,400 points. At this stage, a conservative approach is recommended; it is not advisable to blindly increase positions. Follow up only after a formal breakout of the resistance level. European stocks lacked direction, with German stocks rising 0.06%, while British and French stocks fell 0.03% and 0.14% respectively. ...

The Hang Seng Index opened 145 points higher at 26,376, then briefly fell 44 points to 26,187 before regaining its upward momentum and closing at the day's high of 26,608, a gain of 376 points or 1.43%. The Technology Index rose 176 points or 3.09% to 5,863. Main board turnover was HK$306.2 billion. Hong Kong stocks are currently consolidating above the 26,000-point level. Unless there is a deep correction in the mainland market, the 26,000-point level should hold. However, significant resistance is expected in the 26,800-27,000-point range. The market is expected to remain within a sideways trading range in the short term. The mainland stock market has performed quite strongly since the beginning of the year. If northbound capital continues to flow in, it is expected to provide stronger upward momentum for Hong Kong stocks. European stock markets showed mixed performance, with UK and German stocks rising 0.16% and 0.57% respectively, while French stocks fell 0.04%. The U.S. Depart...

The Hang Seng Index opened 123 points higher at 26,272, then traded within a narrow range, rising as much as 150 points to 26,299 and falling as much as 34 points to a low of 26,114. It closed the day up 82 points, or 0.31%, at 26,231. The Tech Index rose 8 points, or 0.15%, to 5,687. Main board turnover was HK$245.1 billion. Last week, the Hang Seng Index fell 106 points, or 0.4%. The market pattern this month has so far been a low-then-high pattern, with a current range of 1,141 points. Hong Kong stocks are technically poised for a positive move into 2026. The Hang Seng Index (HSI) is currently above its 10-day, 20-day, 50-day, and 100-day moving averages. As long as this trend continues, a renewed buying interest could see the HSI test the October 2nd high of 27,381 points, breaking through the top of the consolidation range at 27,500, with a further target of 30,000 points. Conversely, a break below the bottom of the consolidation range at 25,000 points could lead to a test of the ...

The Hang Seng Index opened 156 points lower at 26,302 and continued its downward trend, falling as much as 498 points to 25,960. It closed down 309 points, or 1.17%, at 26,149. The Technology Index fell 60 points, or 1.04%, to 5,678. Main board turnover was HK$268.2 billion. Profit-taking emerged after the Hang Seng Index rose above 26,000, dragging down the market. However, overall selling pressure was not too significant. The market remains optimistic about the prospects of different sectors this year, and this is currently just a technical adjustment. Furthermore, the market believes that fiscal and monetary policies will be introduced in mainland China to boost investment and consumption, which will help the market sentiment. Therefore, a deep correction is unlikely. The market will first test whether the 50-DMA (26,008) can hold. The next target is around 27,000. Investors may consider buying high-dividend telecommunications stocks and leading technology stocks during market downt...

The Hang Seng Index opened 108 points lower at 26,601 and continued its downward trend, falling as much as 396 points to 26,313 in the afternoon. It closed down 251 points, or 0.94%, at 26,458. The Technology Index fell 86 points, or 1.48%, to 5,738. Main board turnover was HK$276.1 billion. Hong Kong stocks ended a three-day rally yesterday. The Hang Seng Index may test the support of the 50-DMA (26,008). If it holds, it could rise further. However, Citigroup maintains its latest forecast that the Hang Seng Index will reach 27,500 points in June and 28,800 points by the end of the year, implying only a 4% and 9% upside from current levels, respectively. US President Trump's wise decision to take military action against Venezuela marks the beginning of eliminating the evil axis of drug trafficking and poisoning that plagues the world. This year may be turbulent, and investment markets are expected to be volatile. Investors are advised to hold onto profits and maintain sufficient ca...

Hong Kong stocks rose for three consecutive trading days at the start of the year, accumulating a gain of 1,079 points or 4.21%. With strong performance in overseas stock markets and the Shanghai Composite Index reaching a 10-year high, the Hang Seng Index opened 155 points higher on Tuesday and continued to climb, reaching a high of 26,858 points, a gain of up 510 points, before closing up 363 points or 1.37% at 26,710 points. The Technology Index rose 83 points or 1.45% to 5,825 points. Turnover on the main board was HK$291.7 billion. Net inflow of northbound capital was nearly HK$2.9 billion, a decrease of 84% from the previous day, but the total net inflow over the three days exceeded HK$25 billion. The recent resurgence of momentum in Hong Kong stocks is mainly related to the relatively strong rebound in A-shares. The outlook for Hong Kong stocks is expected to remain positive. If the Hang Seng Index can break through the 27,000-point mark, it will test the resistance level of 27,...

The Hang Seng Index opened 22 points higher at 26,361, then saw a struggle between bulls and bears, falling as low as 82 points to 26,256 and rising as high as 107 points to 26,445, closing up 8 points or 0.03% at 26,347. The Technology Index rose 5 points or 0.09% to 5,741. Main board turnover was HK$283.4 billion. On Monday (5th), northbound capital inflows totaled HK$18.7 billion, without bringing heavy selling pressure, and Hong Kong stocks remained relatively strong. Heavyweight technology stocks were favored by funds, traditional stocks continued to perform well, and with the positive performance of the mainland stock market, if the Hang Seng Index breaks through the 27,000-point mark, it may challenge the resistance at the recent sideways trading range top of 27,381. However, geopolitical risks should be noted, with the 50-DMA (25,980) as a support level. Leading technology stocks are worth watching. In European stock markets, British, German, and French stocks rose 0.54%, 1.34%...

Hong Kong stocks performed remarkably well on the first trading day of 2026. The Hang Seng Index opened 86 points higher at 25,717 and gradually extended its gains, reaching a high of 26,345, a rise of 715 points. It closed the day up 707 points, or 2.76%, at 26,338. The Technology Index rose 220 points, or 3.99%, to 5,736. Turnover on the main board was HK$140.8 billion. The Hang Seng Index gained 519 points over the week, breaking through the midline of its sideways trading range and the 50-DMA (25,973) with a bullish candlestick. It is expected to challenge the resistance at the top of the sideways trading range at 27,381. US stocks generally rose slightly on Friday, with the three major indices showing mixed performance. The Dow Jones and S&P 500 ended their previous four-day losing streak, while the Nasdaq saw a slight decline. At the close of trading on the US stock market, the Dow Jones Industrial Average rose 319 points, or 0.66%, to 48,382; the S&P 500 rose 12 points, ...

Hong Kong stocks opened lower on Lunar New Year's Eve. The Hang Seng Index opened 53 points lower, or 0.21%, and the decline quickly widened, falling as much as 300 points to a low of 25,554. It closed the morning session down 224 points, or 0.87%, at 25,630; the Tech Index fell 62 points, or 1.12%, to 5,515. Turnover on the main board exceeded HK$118.9 billion. The Hang Seng Index is poised for a strong performance in 2025, gaining 5,570 points (27.8%) for the year, while the Tech Index rose 1,047 points (23.4%), marking its best year since 2017 and its second consecutive year of gains, making it the fourth-best performing major stock market index globally in 2025. Looking ahead to 2026, according to the latest forecasts from 10 financial institutions, more than half expect the Hang Seng Index to potentially challenge the 30,000 mark or higher next year. In European stock markets, British and French stocks fell 0.09% and 0.23% respectively, while Spanish stocks retreated 0.27%. Ma...