Investment

Hong Kong stocks rebounded on the last trading day of May. The Hang Seng Index opened 155 points higher at 25,161, rising as much as 307 points to 25,313, before closing up 176 points or 0.7% at 25,182. The Hang Seng Tech Index fell 4 points or 0.08% to 4,884. Turnover totaled HK$462 billion. Due to the MSCI index portfolio changes taking effect, Hong Kong stock turnover surged 30% day-on-day to HK$462 billion, the strongest increase since October 13th last year. Northbound capital saw a net inflow of nearly HK$1.9 billion, marking two consecutive days of inflows totaling nearly HK$9.5 billion, although outflows for the month exceeded HK$3.5 billion. For the month as a whole, the Hang Seng Index fell 594 points or 2.3%, fulfilling the "May slump" prediction; however, the Hang Seng Tech Index rose for the second consecutive month, gaining a slight 12 points or 0.26% in May. The market in May was dominated by a high-then-low pattern. Even if the Hang Seng Index mana...

The Hang Seng Index opened 97 points lower at 25,230 yesterday, and the decline once widened to 600 points, reaching a low of 24,727. It later narrowed its losses, closing down 322 points or 1.27% at 25,006. The Technology Index fell 18 points or 0.38% to 4,888. Total market turnover was HK$356.3 billion. The escalating conflict between the US and Iran and the resulting geopolitical crisis triggered a surge in oil prices, leading to active selling of many large-cap technology stocks. In addition, it is rumored that E Fund's Hong Kong Securities ETF has reduced its holdings of seven Hong Kong-listed securities firms' H-shares, involving approximately HK$157 million, triggering market concerns about capital outflows from Hong Kong stocks. This put significant pressure on Hong Kong stocks on the futures settlement day, with the Hang Seng Index barely holding above the 25,000-point mark at the close. A rebound is expected today; unless it can return above the 25,650-poi...

The Hang Seng Index opened 9 points higher at 25,608, then fluctuated downwards, falling as much as 341 points to 25,258, before closing down 271 points or 1.05% at 25,328. The Technology Index fell 39 points or 0.79% to 4,907. Total market turnover was HK$320.7 billion. Hong Kong stocks have fallen for two consecutive trading days, with the Hang Seng Index breaking below last Thursday's low of 25,342, a level considered crucial short- to medium-term support. Unless the Hang Seng Index can quickly return above the 250-day moving average (25,644), the outlook for Hong Kong stocks is not optimistic. Although a glimmer of hope for a US-Iran ceasefire agreement has led to a decline in oil prices, issues such as airstrikes in southern Iran and the mine issue in the Strait of Hormuz indicate that a complete cessation of hostilities remains difficult. The Hang Seng Index is expected to fluctuate narrowly between 25,258 and 26,144 in the short term. European stocks traded mixed...

The Hang Seng Index opened 16 points higher at 25,622, then fluctuated, falling as low as 174 points to 25,431 and rising as high as 162 points to 25,768. It closed down 6 points, or 0.02%, at 25,599. The Technology Index rose 77 points, or 1.58%, to 4,946. Market turnover increased to HK$359.4 billion. The Hang Seng Index failed to hold its 250-day moving average (25,638) and closed below the 25,600 support level, indicating a bearish short-term outlook. Significant support is expected at the 24,000 level. Currently, the investment value of Hong Kong stocks is not particularly high. European stock markets were mixed, with the UK ETF rising 0.24%, while French and German ETFs fell 1.03% and 0.8%, respectively. Fans of a potential ceasefire agreement between the US and Iran, coupled with falling US Treasury yields and continued strength in tech stocks, led to mixed trading in US stocks after the holiday on Tuesday. The Dow Jones Industrial Average opened 106 points higher an...

Hong Kong's stock market was closed yesterday for Buddha's Birthday. Last Friday, Hong Kong stocks ended two days of declines. The Hang Seng Index opened 255 points higher, but gains narrowed to 96 points at one point, reaching a low of 25,483 points. However, it rallied significantly in the afternoon, rising as much as 345 points to a high of 25,732 points, before closing up 219 points or 0.86% at 25,606 points. The Technology Index rose 100 points or 2.11% to 4,869 points. Total market turnover was HK$281.2 billion. Northbound capital saw a net outflow of nearly HK$6.5 billion, marking the second consecutive day of outflows totaling nearly HK$12.6 billion. For the week, the market fell 356 points or 1.37%. The Hang Seng Index's first line of defense is at 25,300 points. It is estimated that the 25,000 level can be held. This week, attention should be paid to whether it can rebound above the 250-day moving average (25,630), which would improve market sentiment ...

The Hang Seng Index opened 182 points higher at 25,833, reaching its intraday high, before fluctuating downwards, falling as much as 309 points to 25,341. It closed down 264 points, or 1.03%, at 25,386. The Technology Index fell 104 points, or 2.15%, to 4,768. Total market turnover was HK$298.5 billion. Hong Kong stocks fell again yesterday and are expected to rebound today. Unless the Hang Seng Index quickly returns above its 250-day moving average (25,621), it will likely continue its downward trend with lower highs. Currently, the Hang Seng Index daily chart shows the upper Bollinger Band at 26,600 and the lower band at 25,500. Major technical indicators are bearish, making it premature to say the decline in Hong Kong stocks has ended. However, many traditional stocks have low valuations and decent dividends, which should provide a floor and limit the Hang Seng Index's decline. Yesterday's recent low of 25,341 points may hold. European stock markets were mixed. T...

The Hang Seng Index opened 88 points lower at 25,709, then fell as much as 242 points to 25,555, closing down 146 points or 0.56% at 25,651. The Tech Index rose 16 points or 0.33% to 4,873. Total market turnover was HK$262 billion. The Hang Seng Index regained its 250-day moving average (25,613), suggesting the market may not be too weak. A rebound or retest of the 100-day moving average (26,153) is expected today. If it can rise above the April 21 high of 26,529, it could challenge the February 10 high of 27,397. However, if it falls below the April 13 low of 25,508, the next test will be the gap at 24,901 from early April. European stocks performed well, with UK, French, and German stocks rising 0.99%, 1.7%, and 1.38% respectively.  U.S. Treasury yields and international oil prices retreated from their highs, propelling U.S. stocks higher on Wednesday. The Dow Jones Industrial Average opened 15 points lower but rebounded as much as 703 points to a high of 50,067; the ...

The Hang Seng Index opened 18 points higher at 25,693, rising as much as 170 points to 25,845, before closing up 122 points or 0.47% at 25,797. The Tech Index rose 12 points or 0.25% to 4,857. Total market turnover was HK$272.1 billion. Hong Kong stocks rebounded yesterday, with the Hang Seng Index closing above its 50-day moving average (25,775). The possibility of increased bombing by the US and Israel due to Iranian interference supported by malicious forces is rising. Despite the rebound, the Hang Seng Index will be capped by resistance at the February 10 high of 27,397. Current market capitalization offers low risk-reward ratios. European stocks showed mixed performance, with UK and German stocks rising 0.07% and 0.38% respectively, while French stocks fell 0.07%. Global inflation concerns intensified, pushing the yield on the 30-year US Treasury bond to 5.19%, a 19-year high since 2007. US stocks continued to be pressured on Tuesday. The Dow Jones Industrial Average o...

The Hang Seng Index opened 123 points lower at 25,838 and continued its decline, falling as much as 457 points to a low of 25,505. It is currently down 350 points, or 1.34%, at 25,612. The Technology Index fell 102 points, or 2.07%, to 4,838. Total market turnover was HK$161.2 billion. China's April economic data, including industrial production and retail sales, were weaker than expected. Coupled with ongoing geopolitical tensions in the Middle East affecting energy prices and inflation concerns, technology and financial stocks retreated. In the short term, the Hang Seng Index faces resistance at the 50-day moving average (25,893) and support near the 250-day moving average (25,596). A break below these levels could lead to further declines. The market still lacks a clear direction; investors should pay attention to opening volume, follow-up Chinese data, and geopolitical news. European stocks stabilized at lower levels, with the UK, French, and German indices rising 1...

The meeting between the Chinese and US leaders failed to provide a positive stimulus to the stock market. Major Asia-Pacific stock markets were under pressure, and Hong Kong stocks opened 2 points higher but then declined, finally closing at 25,962 points, down 426 points or 1.6%, ending a two-day winning streak. Turnover reached HK$325.3 billion, exceeding HK$300 billion for the second consecutive day. The Hang Seng Tech Index closed at 4,941 points, down 135 points or 2.7%, marking its second consecutive day of decline. For the week, the Hang Seng Index fell 430 points or 1.6%; the Hang Seng Tech Index fell 161 points or 3.2%. The performance of Hong Kong stocks disappointed investors. The afternoon plunge may have been due to a correction in US stocks, prompting large investors to attempt a counterattack. Meanwhile, A-shares were already undergoing a correction, leading to selling by both domestic and foreign investors, further weakening Hong Kong stocks. Therefore, the ...

The Hang Seng Index opened 448 points higher at 26,836, then rose as much as 456 points to a more than two-and-a-half-month high of 26,844. Its upward momentum subsequently moderated, and it briefly turned lower towards the close, ending the day with a slight gain of less than 1 point at 26,389. The Technology Index fell 17 points, or 0.34%, to 5,076. Total market turnover was HK$306.7 billion. Yesterday, the index indeed broke through last Thursday's high and reached a two-and-a-half-month high, but profit-taking subsequently wiped out all gains. With improved sentiment in the Hong Kong stock market, the Hang Seng Index has the potential to catch up, and in the short term, it is more likely to remain within the 26,219 to 27,397 range. European stock markets rose across the board, with the UK, French, and German indices rising 0.46%, 0.93%, and 1.32%, respectively. Market sentiment was positive as hopes for a meeting between Chinese and US leaders Xi Jinping and Donald ...

The Hang Seng Index opened 22 points higher at 26,369, then saw a struggle between bulls and bears, falling as low as 127 points to 26,220 and rising as high as 110 points to 26,458, closing up 40 points or 0.15% at 26,388. The Technology Index rose 23 points or 0.45% to 5,093. Total market turnover was HK$277.7 billion. Yesterday, the Hang Seng Index held above Monday's low of 26,219. Today, it is expected to test the resistance level of 26,669, the high of last Thursday (7th). In the short term, it is likely to remain within the 26,219-27,397 range. With the global development of artificial intelligence (AI) and the emergence of a new supply chain landscape, Morgan Stanley believes that Chinese stocks will benefit, and has accordingly raised its forecasts for several indices, including a target of 28,400 for the Hang Seng Index by mid-next year. European stocks were relatively stable, with British, French, and German stocks rising 0.58%, 0.35%, and 0.76%, respectively...

The Hang Seng Index opened 90 points higher at 26,497, then rose as much as 185 points to a high of 26,592 before fluctuating and falling back to close 58 points, or 0.22%, at 26,347. The Technology Index fell 35 points, or 0.7%, to 5,070. Total market turnover was HK$262.6 billion. Trading in Hong Kong stocks contracted as most investors remained on the sidelines awaiting the outcome of the meeting between the leaders of China and the United States. Yesterday's market opened higher but then fell, a bearish factor. The Hang Seng Index should hold firm on the support level of 26,219 on Monday, while the resistance level of 26,669 reached last Thursday (7th) presents significant resistance. In the short term, it is likely to remain within the 26,000 to 27,000 point range. European stock markets were under pressure, with the UK, French, and German indices falling 0.04%, 0.95%, and 1.62%, respectively. A major hedge fund warned of a potential tech stock sell-off, coupled with escalatin...

US President Trump was dissatisfied with Iran's proposal, causing the Hang Seng Index to open 82 points lower at 26,310, and then fell 174 points to 26,219. However, it subsequently recovered, closing up 13 points or 0.05% at 26,406; the Tech Index rose 3 points or 0.07% to 5,106. Total market turnover was HK$288.4 billion. Yesterday, the Hong Kong stock market saw little change throughout the day, with bulls and bears engaging in a tug-of-war within a high-level sideways trading range. Investors are holding their breath awaiting today's US-China trade talks in South Korea and Thursday's meeting between Trump and Xi. The market is expected to consolidate in the early part of this week. Currently, the 100-day moving average (26,288) provides support for the Hang Seng Index. The future direction depends on the earnings performance of major blue-chip stocks. If this leads to a revaluation of the overall market, the Hang Seng Index could successfully surpass the April 21 high o...

Amidst volatile tensions in the Middle East, the Hang Seng Index opened 266 points lower at 26,359, then fell as much as 351 points to 26,274, closing down 232 points or 0.87% at 26,393. The Technology Index dropped 18 points or 0.35% to 5,102. Total market turnover was HK$279.7 billion. For the week, the Hang Seng Index rose a cumulative 617 points or 2.39%. The market pattern this month has been one of initial decline followed by a rise. The Hang Seng Index has risen from a 5-May low of 25,690 to a 7-May high of 26,669, meaning the monthly range has widened slightly to 979 points. As long as the Hang Seng Index can hold above its 250-day moving average (25,518), it can continue to rise. If it breaks through 26,669 points, the first target is the February 10 high of 27,397 points, and the market may then test the resistance zone of 27,500 to 28,000 points. European stock markets closed slightly lower, with the UK, French, and German markets closing down 0.43%, 1.09%, and 1...

Hoping for a potential ceasefire between the US and Iran, the Hang Seng Index opened 317 points higher at 26,531 and maintained its upward trend, rising as much as 455 points to a high of 26,669, closing up 412 points or 1.57% at 26,626. The Technology Index rose 151 points or 3.05% to 5,121. Total market turnover was HK$312.4 billion. With declining bond yields and stabilizing gold prices, market appetite for risk assets increased, driving Hong Kong stocks to follow the global upward trend. Hong Kong stocks have the potential to "catch up." If the Hang Seng Index can hold above 26,300, it could challenge the 27,500 level again. The market's future direction will depend on whether there is any breakthrough in the meeting between the Chinese and US leaders. Last week, Cheung Kong Group passed the sale of UK distribution company UK Power Networks with the support of nearly 100% of its independent shareholders. Less than ten days later, its subsidiary CK Hutchiso...

Mainland A-shares resumed trading, and northbound capital returned to the market. The Hang Seng Index opened 131 points higher at 26,029, then fluctuated, briefly falling 20 points to a low of 25,877 before recovering to close at the day's high of 26,213, up 315 points or 1.21%. The Tech Index rose 39 points or 0.8% to 4,969. Total market turnover was HK$304.7 billion. Hopes of a US-Iran ceasefire and the return of northbound capital are expected to fuel a continued rebound today. If the Hang Seng Index can return above 26,300, it may test the 27,500 level again. European stock markets rose across the board, with British, French, and German stocks surging 2.15%, 2.94%, and 2.12% respectively. Reports that the US and Iran might reach a ceasefire agreement fueled investor hopes for the full reopening of the Strait of Hormuz and the resumption of shipping supplies, causing international oil prices to plummet5 New York crude oil futures plunged as much as 13.31%, hitting a low of $88.6...

The Hang Seng Index opened 150 points lower at 25,945, then fell as much as 405 points to 25,690, closing down 197 points or 0.75% at 25,898. The Tech Index fell 47 points or 0.94% to 4,929. Total market turnover was HK$122.2 billion. With the suspension of northbound trading, market turnover further decreased, reaching its lowest level since October 6th last year (excluding half-day trading). Mainland A-shares resumed trading today. The Hang Seng Index has been hovering around its 50-day moving average (25,982) for the past week and is expected to rebound today. If the Hang Seng Index can return above 26,300, it may test the 27,500 level again. However, if the 250-day moving average (25,467) is breached, the support level could reach around 24,000. At current levels, betting on a Hang Seng rebound offers limited upside potential but carries significant downside risk. European stocks traded mixed. HSBC's share price was pressured after its earnings report, dragging down the UK stoc...

Hong Kong stocks got off to a good start in May. The Hang Seng Index opened 361 points higher at 26,138, and then rose as much as 549 points to a high of 26,326. The gains moderated in the afternoon, closing up 319 points or 1.23% at 26,095. The Technology Index rose 105 points or 2.16% to 4,976. Total market turnover was HK$176.9 billion. Yesterday, Hong Kong stocks opened higher following the positive performance of overseas markets, breaking through the 150-day moving average (25,929) but failing to hold above 26,300. The situation in the Middle East remains unclear and could change at any time. It is estimated that the market will likely see a struggle between the low of 25,610 on April 28 and the high of 26,529 on April 21, awaiting a market breakout. The key short-term resistance level remains at 26,529, requiring significant positive news to break through. The support level is the 250-day moving average (25,452). European stocks were weak, with French stocks falling 1.71% and Ge...

On the last trading day of April, the Hang Seng Index opened 103 points lower at 26,008, then fell as much as 377 points to 25,734, closing down 335 points or 1.28% at 25,776. The Technology Index fell 38 points or 0.78% to 4,871. Turnover totaled HK$291.5 billion. For the week, the Hang Seng Index fell 201 points or 0.77%; for April, it rose 988 points or 3.98%. Market concerns about inflation and costs caused by oil prices have eased, and Hong Kong stocks are expected to open higher today, following the trend in overseas markets. If the index can break through the 150-day moving average (25,917) and hold above 26,300, it may test the 27,500 level again. The Hang Seng Index found support at the gap created in early April (25,254 to 25,668). Conversely, if the gap is fully filled, the 25,000 level may need to be retested. European stocks performed well on Thursday, with the UK, French, and German stocks rising 1.62%, 0.53%, and 1.41%, respectively. Several European markets were closed ...