Investment 2/2/2026

On the last trading day of January, the Hang Seng Index opened 182 points lower at 27,785, then widened its losses, falling as much as 584 points to 27,384, before closing down 580 points or 2.07%, marking its largest single-day drop in two months. It closed at 27,387. The Technology Index fell 122 points or 2.1% to 5,718. Main board turnover was HK$301.6 billion.


For the week, the Hang Seng Index rose 637 points or 2.38%, its largest weekly gain in over two months. In January, the Hang Seng Index rose 1,756 points or 6.85%, ending a three-month losing streak.


As expected, Hong Kong stock futures settled and the Hang Seng Index corrected sharply on Friday, falling to the top of the sideways trading range. It closed above the previous high of 27,381, which can be seen as a pullback. The gap created on Wednesday (27,188 to 27,258) is expected to provide support; holding this level suggests a bullish outlook. Even if further corrections occur, the 20-day moving average (26,811) will provide strong support.


In January, the Hong Kong stock market followed a pattern of initial decline followed by a rise, with the Hang Seng Index climbing from a two-day low of 25,717 to a two-day high of 28,056, a monthly range of 2,339 points. February will be affected by the Lunar New Year holiday, and given the significant gains already accumulated last month, the market is expected to weaken. Attention should be paid to the earnings of overseas technology stocks and geopolitical factors. However, as long as northbound capital can maintain the trading volume of Hong Kong stocks, the downside potential may not be too great. The Hang Seng Index is expected to consolidate between 26,800 and 28,000 points this month.


The market has successfully surpassed the high of 27,381 points reached on October 2nd last year, escaping the mid-term correction. As long as market activity remains robust and turnover remains stable at around HK$300 billion, with the right momentum, the market should have the opportunity to develop a new mid-term upward trend, with the first target at 29,676 points. There is a possibility of challenging the 30,000-point mark before March.


European stock markets performed well, with UK, French, and German stocks rising by 0.51%, 0.68%, and 0.94% respectively.


US President Trump formally nominated former Federal Reserve Governor Kevin Warsh as the next Federal Reserve Chairman. Initial market concerns that his hawkish policy stance might prevent the Fed from cutting interest rates as significantly as expected weighed on US stocks on Friday. The Dow Jones Industrial Average opened 79 points lower and then extended its losses to as much as 611 points, hitting a low of 48,459; the S&P 500 fell as much as 1.08%, and the Nasdaq Composite dropped as much as 1.41%.


US stocks closed lower on Friday, with the Dow Jones Industrial Average down 179 points, or 0.36%, at 48,892; the S&P 500 declined 29 points, or 0.43%, to 6,939; and the Nasdaq Composite dropped 233 points, or 0.94%, to 23,461.


The US dollar index rose as much as 0.9% to 97.15, while the euro fell 1.02% to $1.1851, and the yen fell 1.1% to 154.79 against the dollar. Bitcoin fell 4% to a low of $81,045 before recovering most of its losses. Cooling expectations of interest rate cuts caused the dollar to strengthen sharply, triggering a massive sell-off in precious metals that had recently surged. Spot gold prices fell below the $5,000 per ounce mark, plunging to $4,682.4 before stabilizing, a drop of 12.9%.

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