Commentary

This Week, the Hang Seng Index Showed a Pattern Of Early Decline Followed by a Rebound

Hang Seng fell 0.4% This week, the Hang Seng Index fell by 0.4%, while the Hang Seng Tech Index declined by 0.2%, showing a pattern of early decline followed by a rebound. The market opened with a gap down on Monday, weighed down by weak domestic August CPI and PPI

Happy Mid-Autumn Festival

CSI300 dropped 2.2% The CSI 300 fell 2.2% this week on volume below the average and lower than the last week. The market condition was Downtrend. The index gapped lower on Monday. It closed at the week’s low of 3159 on Friday, near the Feb. 2 low of 3108. August

Pay Attention to the U.S. Non-Farm Payrolls Data This Friday

CSI300 dropped 2.7% The CSI 300 fell 2.7% this week on volume below the average and lower than the last week. The market condition was Downtrend. The index continued to fall this week. Support is back to the February 2 low of 3108. Resistance remains at the 21DMA. The official

The Overall Performance Of the Hong Kong Stock Market This Week Was Weak

Hang Seng fell 3.0% This week, the Hong Kong stock market was closed on Friday due to the typhoon. As of Thursday, the Hang Seng Index had fallen by 3.0%, while the Hang Seng Tech Index dropped by 2.0%, with both indices breaking below their 50-DMA. The overall performance of

Index Pulled Up Strongly on Friday

CSI300 dropped 0.2% The CSI 300 fell 0.2% this week on volume above the average and higher than the last week. The market condition was Downtrend. This week’s index pulled up strongly on Friday, reaching the 21DMA and volume zoomed significantly. Support is at Thursday’s low of 3277.7. Resistance is

The Market Continued Its Upward Momentum, Achieving a Fourth Consecutive Weekly Gain

Hang Seng raised 2.1% This week, the Hang Seng Index rose by 2.1%, and the Hang Seng Tech Index increased by 2.6%. The market continued its upward momentum, achieving a fourth consecutive weekly gain. In terms of news, last Friday, Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole