Investment

Hong Kong stocks failed to break the 25,000-point mark on the last trading day of March and the first quarter. The Hang Seng Index opened 67 points higher at 24,818, rising as much as 237 points to a high of 24,988, before encountering resistance and falling back, dropping as much as 191 points to 24,559. It recovered its losses in the late session, closing up 37 points or 0.15% at 24,788. The Technology Index fell 40 points or 0.85% to 4,649. Total market turnover was HK$255.7 billion. The Hang Seng Index initially rose in the first quarter of this year before declining, accumulating a drop of 842 points or 3.28% for the quarter; March alone saw a cumulative drop of 1,842 points or 6.91%, marking the worst start to a quarter in four years. The situation in the Middle East, lower oil prices, and a weaker US dollar were factors that boosted the stock market. The Hang Seng Index is expected to recover the 25,000-point mark today. If it further returns above the 250-day moving average (25...

Hong Kong stocks weakened on the futures settlement day as the conflict in the Middle East continued. The Hang Seng Index opened 419 points lower at 24,532, and the decline widened to 542 points at one point, reaching a low of 24,409. However, buying interest emerged later, narrowing the intraday decline to 201 points or 0.8%, closing at 24,750. The technology index fell 87 points or 1.84% to 4,690. Total market turnover was HK$285.4 billion. High oil prices triggered inflation concerns, and the US dollar index climbed back above the 100 mark, putting pressure on emerging markets and leading to a cautious overall investment atmosphere. Furthermore, due to the long holiday this week, market sentiment has further weakened, and the Hang Seng Index is expected to continue its downward trend in the short term. Technically, the first support level for the Hang Seng Index is 24,360 points; a breach of this level could lead to a further test of 23,658 points. If the US Federal Rese...

Geopolitical risks remain at a very high level. High oil prices and potential high inflation have hampered monetary policy, preventing interest rate cuts even if the economy deteriorates. Recent disappointing earnings reports have further weighed on market sentiment. Last week, Hong Kong stocks failed to hold the 25,000 mark. The Hang Seng Index opened 87 points lower at 24,768, falling as much as 143 points to 24,712 before recovering somewhat, reaching a high of 25,095, a rise of 239 points. It closed up 95 points, or 0.38%, at 24,951; the technology index rose 16 points, or 0.34%, to 4,778. Total market turnover was HK$263 billion. For the week, the Hang Seng Index fell 325 points, or 1.28%, marking its fourth consecutive week of decline, a cumulative drop of 1,678 points, or 6.43%. If Hong Kong stocks continue their short-term rebound, the 20-day moving average (25,485) is expected to provide significant resistance during the decline. The Hang Seng Index has been tradin...

Hong Kong stocks fell below the 25,000 mark. The Hang Seng Index opened 68 points lower at 25,267 and then the decline rapidly widened, falling as much as 542 points or 2.07% in the afternoon to a low of 24,793 points. It closed down 479 points or 1.89% at 24,856 points; the technology index fell 161 points or 3.28% to 4,761 points. Turnover on the main board was HK$261.6 billion. Although the US and Iran intend to cease fire, significant differences remain between the two sides, and the situation needs further observation. Dragged down by external factors and lackluster earnings performance, the outlook for Hong Kong stocks remains uncertain. Unless the Hang Seng Index can regain and hold above the 250-day moving average (25,114), a key bull-bear dividing line, a drop below 24,203 points would, according to technical analysis, mean that the Hang Seng Index rose a total of 13,262 points from its intraday low of 14,794 on January 22, 2024, to 28,056 on January 29, 2026. If the Fibonacci...

Hong Kong stocks fluctuated. The Hang Seng Index opened 216 points higher at 25,280, then rose as much as 326 points to 25,390, before softening and falling as much as 48 points to a low of 25,015. It subsequently regained its upward momentum, closing up 272 points or 1.08% at 25,335. The Technology Index rose 92 points or 1.9% to 4,922. Total market turnover was HK$350.9 billion. The Hang Seng Index recovered its 250-day moving average (25,111) yesterday. If it can regain and hold above the 10-day moving average (25,447) today, it may be able to avoid further significant declines. The current resistance level for the Hang Seng Index is the 50-day moving average (26,125), while the support level is at the recent low of 24,203. Lower oil prices and a weaker US dollar are beneficial to the stock market. European stocks rose across the board, with British, French, and German stocks surging 1.42%, 1.33%, and 1.41%, respectively. Market hopes that the US could achieve a diplomatic ceasefire...

Investors hoped for a de-escalation in the Middle East, and the Hang Seng Index opened 377 points higher at 24,759, maintaining its upward trend. The gains widened in the afternoon, rising as much as 694 points to 25,077, before closing up 681 points or 2.79% at 25,063. The Technology Index rose 118 points or 2.51% to 4,830. Total market turnover was HK$303 billion. While the Middle East situation has temporarily eased, global stock markets remain volatile due to high oil prices and the looming threat of inflation. Although the Hang Seng Index climbed back above the key support level of 25,000 yesterday, it failed to return above the 250-day moving average (25,109), a key level for determining whether a market is bullish or bearish. Further declines are possible, potentially testing the recent low of 24,203. European stock markets were mixed, with UK and French stocks rising 0.72% and 0.23% respectively, while German stocks fell 0.07%. International oil prices rebounded, an...

Market concerns about the potential spread of conflict in the Middle East caused the Hang Seng Index to open 488 points lower at 24,789, and then continue to fall, plunging as much as 1,073 points in the afternoon to a low of 24,203, a more than eight-month low. The decline narrowed slightly towards the close, ending the day down 894 points or 3.54% at 24,382, marking its third consecutive day of losses. The technology index fell 159 points or 3.28% to 4,712. Total market turnover was HK$368.6 billion. Yesterday, the Hang Seng Index broke through the recent low of 24,906 and the 250-day moving average (25,108), a key bull-bear dividing line. It is expected to quickly recover the 250-day moving average today. If it can regain and hold above the 10-day moving average (25,593), the outlook for the market can be positive. The "axis of evil" appears strong on the surface but is weak underneath; the economic prospects of the civilized world are bright. The Hong Kong stock market sh...

The Hang Seng Index opened 163 points lower at 25,337, then briefly rose 63 points to 25,563 before falling again, dropping 379 points to 25,121, testing the support of the 250-day moving average (25,107), a key level separating bull and bear markets. It closed down 223 points or 0.87% at 25,277; the Technology Index fell 123 points or 2.48% to 4,872. Main board turnover was HK$342.5 billion. The Hong Kong stock market outlook remains heavily influenced by several factors, including central bank monetary policy, the Middle East turmoil, and oil prices, all of which are weighing on market sentiment. Currently, the Hang Seng Index faces resistance at the 100-day moving average (26,237), and a retest of the previous low of 24,906 cannot be ruled out. In a weaker scenario: The Hang Seng Index rose a total of 13,262 points from its intraday low of 14,794 points on January 22, 2024, to 28,056 points on January 29, 2026. If the Fibonacci retracement level is adjusted to 0.382, the Hang Seng I...

The Hang Seng Index opened 474 points lower at 25,550, dragged down by declining overseas stock markets and escalating tensions in the Middle East. It then fell as much as 576 points to a low of 25,449, closing down 524 points or 2.01% at 25,500. The technology index fell 112 points or 2.19% to 4,996. Main board turnover was HK$306.2 billion. Strong oil prices pose a new challenge to inflation and the direction of interest rates by central banks worldwide. Hong Kong stocks will continue to be dragged down by external factors in the short term. It is believed that there will be resistance at 26,000, and the index may even face a test at 25,381, or find stronger support at 25,000. European stock markets were sold off across the board, with the UK, French, and German stock markets falling 2.35%, 2.03%, and 2.82% respectively. U.S. stocks were further pressured in early trading Thursday as rising energy prices dampened traders' expectations of a Federal Reserve rate cut this year. The ...

The Hang Seng Index opened 54 points higher at 25,923, then fell as much as 76 points to a low of 25,791 in the early session. Afternoon buying spurred a rise of 249 points to 26,117, closing up 156 points or 0.6% at 26,025, marking its third consecutive day of gains. The Technology Index rose less than 1 point or 0.01% to 5,108. Main board turnover was HK$240.3 billion. The postponement of the meeting between the Chinese and US leaders, coupled with the possibility that US and Israeli actions against Iran may take longer than expected, is expected to keep oil prices volatile at high levels, impacting the overall market sentiment in Hong Kong. While the Hang Seng Index found technical support at the key level of 25,381, and even surpassed the 100-day moving average to reach 26,250 on Monday, it failed to hold above the 100-day moving average yesterday, indicating that the resistance level of 27,000 is difficult to break. The Hang Seng Index is expected to continue its sideways trading ...

The Hang Seng Index opened 104 points higher at 25,938, and rose as much as 416 points to a high of 26,250 in the early session. The gains narrowed in the afternoon, closing up 34 points or 0.13% at 25,868; turnover was HK$268.2 billion. The postponement of the meeting between the Chinese and US leaders may have some impact on the overall market sentiment in Hong Kong. Coupled with the lack of significant stimulus measures from the mainland meeting, the upward momentum of Hong Kong stocks has been hampered. Although the decline in oil prices led to a rebound in US stocks, oil prices are expected to remain high and volatile due to the possibility that the US and Israel's actions against Iran may be longer than expected. While the 25,000 level provides technical support for Hong Kong stocks, the Hang Seng Index failed to break through the 100-day moving average (26,246) yesterday, indicating that the resistance at 27,000 is difficult to overcome. The Hang Seng Index is expected to co...

The Hang Seng Index opened 29 points lower at 25,436, then fell as much as 147 points to a low of 25,317 before recovering somewhat. It rose as much as 391 points in the afternoon to reach 25,856, closing up 368 points or 1.44% at 25,834. The Technology Index rose 133 points or 2.68% to 5,111. Main board turnover was HK$264.4 billion. Hong Kong stocks are expected to continue their upward trend today, with the Hang Seng Index potentially surpassing the 100-day moving average (26,240). This week, the market is focused on numerous factors, including the earnings reports of major blue-chip companies such as Tencent Holdings and Alibaba, interest rate decisions by several central banks globally, and the potential worsening of the US private lending crisis. The uncertainty surrounding the meeting between the Chinese and US leaders also contributes to the continued range-bound trading pattern in Hong Kong stocks. European stock markets rose across the board, with the UK, French, and German i...

Concerns about a protracted US-Iran conflict led to a three-day decline in Hong Kong stocks, with the Hang Seng Index falling nearly 2% cumulatively. The index opened 133 points lower at 25,583 on Friday and fluctuated, falling as much as 296 points to a low of 25,419. It closed down 251 points, or 0.98%, at 25,465. The technology index fell 49 points, or 0.99%, to 4,978. Turnover exceeded HK$246.5 billion. Geopolitical risks in the Middle East are spilling over into the international financial industry. Among the top five decliners among Hong Kong blue chips on Friday was HSBC Holdings (00005), whose share price closed at HK$122.5, a daily low and year-to-date low, down HK$6.40 or 4.96%. This single stock dragged down the Hang Seng Index by 97 points, with a cumulative decline of nearly 10% over three trading days. This is likely due to HSBC's largest presence in the Middle East among major European banks, potentially putting pressure on its profitability. Navigation through the S...

Hong Kong stocks fluctuated and trended lower. The Hang Seng Index opened 179 points lower at 25,719, then rose 33 points to 25,932 before encountering resistance and falling back, dropping as much as 377 points to a low of 25,521. The decline narrowed towards the close, ending the day down 182 points or 0.7% at 25,716. The Technology Index fell 27 points or 0.53% to 5,027. Main board turnover was HK$242.1 billion. Hong Kong stocks are expected to fall further today. The 250-day moving average (25,062) of the Hang Seng Index is crucial; otherwise, based on the neckline of the "head and shoulders" pattern, the measured decline could reach 24,600 points. Technical Analysis: The Hang Seng Index rose a total of 13,262 points from its intraday low of 14,794 points on January 22, 2024, to 28,056 points on January 29, 2026. If the 0.382 Fibonacci retracement level is adjusted, the Hang Seng Index would reach 22,986 points. However, although the Iranian military's des...

Hong Kong stocks opened higher but then fell. The Hang Seng Index opened 152 points higher at 26,112, rising as much as 189 points to 26,149, before falling as much as 140 points in the afternoon to a low of 25,819, closing down 61 points or 0.23% at 25,898. The Technology Index fell 5 points or 0.11% to 5,054. Main board turnover was HK$254.4 billion. The Hang Seng Index faces resistance at 26,000. If it breaks through this level, the first rebound target is the 20-day moving average (26,353), while the 250-day moving average (25,057), a key support level, should not be breached. Otherwise, based on the neckline of the "head and shoulders" pattern, the measured decline could reach 24,600. The Hang Seng Index has hit new highs for the recent rebound for two consecutive trading days, but unfortunately, the total turnover of the main board market has continued to decline, failing to support the upward trend. This indicates that investors currently lack confidence that Hong Kong...

Hoping for a de-escalation of the Middle East conflict, the Hang Seng Index opened 331 points higher at 25,740 and maintained its upward trend, closing at its intraday high of 25,959, up 551 points or 2.17%. The Technology Index rose 118 points or 2.4% to 5,060. Main board turnover was HK$330.9 billion. If the Hang Seng Index can quickly recover the 100-day moving average (26,242), the current downward wave will be complete, and the market will likely retest the 27,000 level. Since August last year, the Hang Seng Index has been trading within the Bollinger Bands (25,000 to 27,000), with 25,000 points repeatedly proving to be a key support level. Downside potential within this range is limited, but there is at least a potential upside of over 1,000 points, making the overall investment risk-reward ratio still quite good. Asian stock markets stabilized, with South Korea's KOSPI index and Japan's Nikkei index closing up 5.35% and 2.88% respectively. European stocks rallied, with B...

Hong Kong stocks were sold off amid ongoing Middle East conflict, but losses narrowed in the afternoon, with the Hang Seng Index recovering the 25,000 level. The Hang Seng Index opened 681 points lower at 25,075, falling as much as 851 points to a low of 24,906 before finding support. It closed down 348 points, or 1.35%, at 25,408; the Technology Index fell 5 points, or 0.11%, to 4,941. Main board turnover increased to HK$392.3 billion. The Middle East conflict continues, and soaring oil prices have fueled investor concerns about inflationary pressures, potentially leading to a shift in interest rate policy. The Hang Seng Index's earlier drop below 26,300 had formed a head and shoulders pattern, a bearish signal. Measured declines suggest a potential test of the 24,600 level, where support is relatively strong. Fortunately, despite yesterday's decline, it held above the 250-day moving average (25,035), a key level for bull and bear markets, indicating potential for further gain...

The Hang Seng Index opened 37 points higher at 25,358, then briefly fell 53 points to 25,267 before recovering and extending its gains, rising as much as 485 points to 25,806. It closed the day up 435 points, or 1.72%, at 25,757. The Technology Index rose 151 points, or 3.15%, to 4,947. Main board turnover was HK$292.7 billion. Hong Kong stocks rebounded on Friday (6th) supported by active buying in large-cap technology stocks. Looking at sector performance, funds have recently flowed significantly into stocks less affected by the Middle East situation, including technology stocks; the energy market is also a focus, with oil stocks warranting attention. Previously, the Hang Seng Index (HSI) traded sideways between 25,000 and 27,500 points for nearly six months. On January 29th, it briefly broke through the top of this sideways range, reaching a high of 28,056 points. Subsequently, it fluctuated downwards, falling to a low of 24,958 points on March 4th, a drop of 3,098 points. During th...

Hong Kong stocks fluctuated amid uncertainty surrounding the Middle East situation. The Hang Seng Index opened 334 points higher at 25,583, rising as much as 487 points to 25,736, but then fell 12 points in the afternoon to a low of 25,236, managing to close at 25,321, a gain of 71 points or 0.28%, ending a three-day losing streak. The Technology Index fell 33 points or 0.68% to 4,796. Main board turnover was HK$321.8 billion. As signs of deterioration emerged in the Middle East, oil prices hovered at high levels without further sharp increases, easing market concerns about central banks pausing interest rate cuts. With market panic gradually subsiding, although a return to 27,000 points remains challenging in the short term, strong support exists below 25,000 points, suggesting a potential rebound to the 26,000 level. European stocks softened, with British, French, and German stocks falling 1.45%, 1.49%, and 1.61%, respectively. Continued concerns about Middle Eastern oil supply, coup...

The Middle East conflict dragged down Asian stock markets. The Hang Seng Index opened 298 points lower at 25,469, and the decline widened to 809 points at one point, reaching a low of 24,958. The decline narrowed slightly towards the close, ending the day down 518 points or 2.01% at 25,249. The technology index fell 47 points or 0.96% to 4,829. Main board turnover was HK$364.3 billion. Hong Kong stocks have fallen for three consecutive days. The Hang Seng Index has fallen more than 3,000 points from its January high. Yesterday, it managed to hold the 25,100 level, and a rebound is expected today, with 26,000 points acting as resistance. Technically, the Hang Seng Index has broken through the neckline of a "head and shoulders" pattern, with a measured decline of 24,600 points. Investors looking to "buy the dip" may consider entering the market at this level, but must be wary of the risk of further declines. A "segmented buying" strategy is advis...

The Hang Seng Index opened 130 points higher at 26,190, rising as much as 159 points to 26,218, before falling as much as 332 points to 25,727 in the afternoon. It closed down 291 points, or 1.12%, at 25,768. The Technology Index fell 112 points, or 2.26%, to 4,876. Main board turnover was HK$370.5 billion. Since the Hang Seng Index had already broken below its 50-day moving average (26,527), and with the neckline of the "head and shoulders" pattern at 26,250 breached, the first technical support level is estimated to be around 25,100, the level from the end of last year. However, based on measured declines, it may need to test 24,600. The impact of the Middle East conflict on Hong Kong stocks has not yet been fully reflected. European stock markets collapsed across the board, with the UK, French, and German markets falling 2.75%, 3.46%, and 3.44%, respectively. Growing market concerns that the current Middle East conflict would not end quickly, coupled with soaring internati...

The renewed conflict in the Middle East put pressure on Hong Kong stocks at the start of March. The Hang Seng Index opened 324 points lower at 26,305, and the decline widened to 747 points at a moment, reaching a low of 25,882. It closed down 570 points, or 2.14%, at 26,059. The Technology Index fell 148 points, or 2.89%, to 4,989. Turnover on the main board was HK$357.6 billion. With the Middle East situation expected to remain volatile this week, Hong Kong stocks fell below the 100-day moving average (26,320) yesterday morning. Whether they can return above this level in the next two days will be crucial for a reversal. I anticipate a rebound in Hong Kong stocks today. In fact, the Hang Seng Index has been forming a "head and shoulders" pattern since January. With the neckline at 26,250 breached, the first technical support level is at 25,100, the level from the end of last year. Based on measured declines, it may need to test 24,600. Soaring oil prices due to t...

Hong Kong stocks fluctuated upwards on the last trading day of February. The Hang Seng Index opened 66 points higher at 26,447, then briefly fell 5 points to a low of 26,375 before regaining its upward momentum, rising as much as 320 points to 26,701, closing up 249 points or 0.94% at 26,630. The Technology Index rose 28 points or 0.55% to 5,137. Main board turnover was HK$288.4 billion. In February, the Hang Seng Index fell 756 points or 2.76%, while it rose 217 points or 0.82% for the week. On Friday, Hong Kong stocks rebounded, returning above the 50-day moving average (26,522). Today, it is expected to face resistance at the 10-day moving average (26,743) and the 20-day moving average (26,937). If the index falls below 26,000, a significant drop is likely. Hong Kong stocks remain trapped in a range-bound trading pattern between 26,500 and 27,500 points. The market must first fill the gap created by the February 2nd drop, between 27,100 and 27,384 points, before it can challenge the...