To The Moon

The Hong Kong stock market performed poorly with $HSI(HSI)$ down 2.98% last week, hovering dangerously close to the 16,000-point mark.On the news, it's a mix of internal and external troubles:On April 16th, the National Bureau of Statistics released data showing that GDP for the first quarter hit 29.6 trillion yuan, a whopping 5.3% growth that surpassed analysts' expectations. But the real estate sector continues to deteriorate. Newly constructed commercial housing sales area fell 19.4% year-on-year, and sales value dropped 27.6%.Overseas, Fed Chairman Powell said that the US economy is strong in most respects, except that inflation hasn't yet reached the central bank's target. He also pointed out that the world's most important central bank is unl

Hong Kong stocks were flat last week, with the $HSI(HSI)$ dipping just 0.01%.On the news, the US March CPI rose 3.5% year-on-year, a new high since September last year, and higher than the market's 3.4% expectation, dashing hopes of a June rate cut.Domestically, China's March CPI growth narrowed to 0.1%, down from 0.7% in the previous month. And after three months of gains, the CPI fell 1.0% month-on-month.In terms of sectors, $CHINA VANKE(02202)$ again burst the negative, following the cooperation company "whistleblowing", Vanke Jinan company general manager was taken away by the police for investigation, the stock price fell sharply, the entire industry has been affected:Despite the bad news, southbound

Hong Kong stocks is closed on Good Friday, marking the end of a pretty tough quarter.Looking at the global stock markets, $HSI(HSI)$ fell 2.97% in the first quarter, lagging behind all the major indices. Prior to this, the index has been on a losing streak for four straight years. Who could have predicted it would buck the trend when the rest of the world's stock markets were surging?By sectorsThe best performer in the first quarter was daily consumption, with a quarterly gain of 3.8%.Materials and telecom services followed suit, while healthcare, real estate, and finance continued to lead the losers.The healthcare sector is still limited by fundamental challenges.The datas shows, domestic biopharmaceutical investment and financing amounted to $661

Hong Kong stocks didn't fare well last week, with $HSI(HSI)$ falling 1.32% and $HSTECH(HSTECH)$ dropping 2.65%.On the news front, Hong Kong stocks witnessed some heavy-weight financial reports last week, including $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ $KUAISHOU-W(01024)$ $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$. But the market didn't seem too impressed. Even

Last Saturday, the National Bureau of Statistics released the February CPI numbers, up 0.7% year-on-year, reversing the previous consecutive negative growth situation. The month-on-month jump of 1.0%, 0.7 percentage points higher than the previous month, exceeding market expectations.This good news has the market all smiles. Southbound funds have been flowing in for five days straight, with a whopping HK $11.4 billion bought on Wednesday alone. That's a record! And the whole week net purchase hit HK $21.38 billion.Looking at the sectors, the optional consumption and daily consumption sector led the rise, while those high-dividend sectors like finance, energy, and telecom that the market had been embraced up to out of economic fears are seeing some red.With this positive mood, growth stocks

Last week, the Hong Kong stock market held steady with the $HSI(HSI)$ dipping a mere 1.42%.News-wise, it was a busy week! Domestically, the Two Sessions kicked off, and the Government Work Report set a GDP growth target of around 5% for 2024, which was right in line with market expectations. Governor Pan Gongsheng of the People's Bank of China hinted at further reserve requirement ratio cuts during the Two Sessions. On Thursday, the General Administration of Customs announced that China's total import and export value for the first two months of this year hit 6.61 trillion yuan, a year-on-year increase of 8.7%, exceeding market expectations.Overseas, the US Senate Committee on Homeland Security and Governmental Affairs passed a Biosecurity Act with

Hong Kong stocks were relatively calm last week, with the $HSI(HSI)$ down 0.82% on the week.In terms of market sentiment, we welcomed the earnings season last week, with companies like $LI AUTO-W(02015)$ and $BIDU-SW(09888)$ released their financial reports. Li Auto's fourth-quarter results were well above expectations, sparking a surge in its share price. However, Baidu's performance was lackluster, and its share price tanked after the earnings release.This week, companies like $NIO-SW(09866)$ $JD-SW(09618)$ $BILIBILI-W(09626)$ are

The Hong Kong stock market was on a roll with bullish news last week, and $HSI(HSI)$ rose 2.36%, marking its third consecutive weekly rebound.During the Spring Festival, domestic consumption data was impressive. A total of 474 million domestic tourists traveled across the country, a 19% increase compared to 2019. Tourism revenue also increased by 7.7% over the same period in 2019. And the box office for Spring Festival films set a new record for the holiday week.On February 20th, the People's Bank of China announced the latest Loan Prime Rate (LPR) quotes. The 1-year LPR remained unchanged at 3.45%, while the 5-year or longer LPR dropped by 25 basis points from 4.20% to 3.95%, marking the largest historical decline.Wu Qing, the new chairman of the

The Hong Kong stock market, once again, fell into a panic sell-off last week. The $HSI(HSI)$ is now close to the lowest point in October 2022, with a weekly decline of 2.42% to 15533.56 points. The $HSTECH(HSTECH)$ also fell 3.78% to 2032.9 points.In terms of market indicators, whether it's technical indicators, valuation, risk premium, or investor sentiment, the current Hong Kong stock market can be called the "worst ever" without exaggeration. Although there have been several rounds of market bottoms with extreme levels in the past, the liquidity and investor sentiment have never been so bad.Due to the domestic bailout funds, the A-share market also hit a new low, but it's still slightly better than Ho

The past week was a thrilling one. Last Monday, the $HSI(HSI)$ plunged by 2.27%, breaking below the 15,000-point mark and hitting a low of 14,794 points. It was just inches away from the lowest value of 14,597 in October 2022!But then came a series of positive factors that lifted the market's spirits. Bloomberg reported last Tuesday that China is considering introducing policies to stabilize the stock market, and some measures are expected to be introduced as soon as this week, including raising about 2 trillion yuan of stabilization funds, which will be mainly funded by institutions outside of China, and invested in A-share through Shanghai and Shenzhen-Hong Kong Stock Connect.Last Wednesday, the People's Bank of China announced that it has decide