Commentary

The Index Rallied Strongly

CSI300 gained 1.2% The CSI 300 rose 1.2% this week on volume above the average and higher than the last week. The market condition was Rally Attempt. The index rallied strongly this week and is trying to break above the 21DMA. Support lies at the July 9 low of 3,385.

Despite No Positive News over the Weekend

Hang Seng raised 2.8% This week, the Hang Seng Index rose by 2.8%, and the Hang Seng Tech Index increased by 5.2%. Despite no positive news over the weekend, the gains this week were mainly driven by significant rises on Thursday and Friday. Thursday’s increase was primarily due to the

Market Sentiment Is Subdued

CSI300 dropped 0.9% The CSI 300 fell 0.9% 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, with support turning to the February 2 low of 3108. The official manufacturing PMI for June came

Over the Weekend, the Market Was Not Impacted by Significant Negative News

Hang Seng raised 0.5% Monday of this week marked the establishment anniversary of the Hong Kong Special Administrative Region, resulting in a one-day closure of the Hong Kong Stock Exchange. The Hang Seng Index rose by 0.5% this week, while the Hang Seng Tech Index increased by 1.2%. Over the

The Index Was Mixed This Week, With a Fierce Battle Between the Bulls And the Shorts

CSI300 dropped 1.0% The CSI 300 fell 1.0% this week on volume below the average but higher than the last week. The market condition was Downtrend. The index was mixed this week, with a fierce battle between the bulls and the shorts. Support is still at Feb 27th low of

This Week, the Hong Kong Stock Market Showed Strong Upward Momentum

Hang Seng raised 8.8% This week, the Hong Kong stock market showed strong upward momentum, with the Hang Seng Index closing higher for five consecutive trading days, recording a weekly gain of 8.8%. The last time we saw a rally like this was in the week of November 4, 2022,