Investment 30/6/2026

Yesterday, the futures settlement day, the Hang Seng Index opened 155 points higher at 22,827 and continued its upward trend, rising as much as 511 points to 23,183, closing up 354 points or 1.56% at 23,026. The Technology Index rose 137 points or 3.22% to 4,393. Total market turnover was HK$315.3 billion.


Today, if the Hang Seng Index rebounds following the futures and half-year settlements, the initial target is the 10-day moving average (23,687), but the 20-day moving average (24,337) is already resistance. A return above the 20-day moving average is necessary in the short term; otherwise, the outlook will be quite pessimistic. The continuous decline over the past two weeks has further weakened the overall outlook for Hong Kong stocks. Hong Kong stocks are currently facing a structural problem: The Hang Seng Index, from its high of 28,056 points on January 29th this year, would need to fall 20% to 22,444 points, a key support level to determine whether the market will fully enter a bear market; last week's low was only a few dozen points away from this crucial level.


European stock markets saw little change, with the UK, French, and German stock markets declining slightly by 0.23%, 0.21%, and 0.18% respectively.


As investors bought on dips, many large-cap technology stocks rebounded, and US stocks stabilized on Monday. The Dow Jones Industrial Average opened 119 points higher and then extended its gains to a maximum of 435 points, reaching a high of 52,311 points. The S&P 500 rose as much as 1.23%, and the Nasdaq, dominated by technology stocks, reversed a five-day losing streak, rising as much as 2.12%.


U.S. stocks closed with the Dow Jones Industrial Average hitting a record high of 52,182 points, up 306 points or 0.59%; the S&P 500 rose 86 points or 1.18% to 7,440; and the Nasdaq Composite gained 522 points or 2.07% to 25,820.


The U.S. dollar index fell as much as 0.29% to 101.07, the euro rose 0.43% to $1.1433, and the yen fell 0.14% to 161.98 against the dollar, breaking below its July 2024 low and hitting a 40-year low since 1986.


Bitcoin fluctuated, falling as much as 1.27% to a low of $58,816. Spot gold prices plunged as much as 2.17% to a low of $4,000.43 per ounce.

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