To The Moon

In April, with flowers blooming and birds singing, Hong Kong stock market is also booming.The $HSI(HSI)$ surged 7.39% in April, ranking first among major global indices, surpassing 20% from its lowest point, entering a technical bull market! Meanwhile, overseas markets like the US and Japanese stocks are in a slump.What's the secret behind Hong Kong stocks' independent rally?Big NewsOn the news side, there's no big news both at home and abroad.Domestically, the import-export data in March declined year-on-year, and profits of industrial enterprises above a designated size also fell, ending the recovery trend since last August.Abroad, the US economy was robust in the first quarter, with core CPI higher than expected, making it unlikely for the Fed t

The past week has been an exciting one! The $HSI(HSI)$ has surged for five consecutive trading days, posting an impressive 8.8% weekly gain, marking the biggest surge since October 2011!On the news, there were no major positive announcements last week, and even some bearish news came from abroad. For instance, the US core PCE price index grew 3.7% in the first quarter, higher than the expected 3.4%. The market repeatedly pushed back the timeline for the Fed's rate cut in 2024, and the US stock market performed moderately last week.But the Hong Kong stock market didn't seem to be fazed at all. Internet giants like $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ an

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