Investment 23/2/2026

Hong Kong stocks resumed trading after a long holiday. The Hang Seng Index opened 48 points lower at 26,657, then fell as much as 348 points to 26,356, closing down 292 points or 1.09% at 26,413. The Technology Index fell 156 points or 2.9% to 5,211. Main board turnover was only HK$165.3 billion, the lowest since January 2nd this year. The true performance of the market will likely depend on the resumption of trading in mainland A-shares tomorrow.

The decline in Hong Kong stocks after the holiday was as expected, with the key level of 26,400 providing support. However, the Hang Seng Index closed lower on the daily chart, with a large bearish candle slightly breaking below the 50-day moving average (26,420), favoring the bears. The 100-day moving average (26,312) is expected to be tested. This level should hold; otherwise, the index may have to retest the lower end of the range at 25,000. If a short-term rebound occurs, the 10-day moving average (26,849) and the 20-day moving average (26,957) are expected to provide resistance.

With five trading days remaining this month, Wednesday is the peak rollover day for the current month's futures contracts, and Thursday is the settlement day. Therefore, large long positions may attempt a technical counterattack in the next two trading days. If the Hang Seng Index can regain and hold above the 10-day and 20-day moving averages, there is potential for further rebound.

Previously, large players have been battling between bulls and bears on the Hang Seng Index between 25,087 and 28,056, making a breakthrough unlikely in the short term. If market conditions improve, there will also be significant resistance near the top of the upward channel. Looking at the medium-term outlook, the weekly RSI, STC, and MACD indicators should all improve quickly to limit further declines in the short-term correction.

European stock markets performed well, with UK, French, and German stocks rising 0.56%, 1.39%, and 0.87%, respectively.

Despite a significant slowdown in the U.S. economy in the fourth quarter of last year, the U.S. Supreme Court's rejection of President Trump's global tariff policy spurred a volatile rally in U.S. stocks on Friday. The Dow Jones Industrial Average opened 72 points lower but rebounded immediately after the ruling, rising as much as 317 points to close up 230 points, or 0.46%, at 49,625. The S&P 500 rose 47 points, or 0.69%, to 6,909, and the Nasdaq Composite gained 203 points, or 0.9%, to 22,886.

The U.S. dollar index fluctuated, falling 0.17% to 97.76. The euro rose as much as 0.14% to $1.1791, while the yen fell 0.01% to 154.98 per dollar. Spot gold rose 1.96% to $5,094.17.

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