Home Forex Markets Hang Seng Technology Index (HSTECH) Trend Analysis: U.S. Inflation Expectations Weakening, Stock Market Sentiment Rising

Hang Seng Technology Index (HSTECH) Trend Analysis: U.S. Inflation Expectations Weakening, Stock Market Sentiment Rising

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Hang Seng Technology Index (HSTECH) Trend Analysis: U.S. Inflation Expectations Weakening, Stock Market Sentiment Rising


The U.S. CPI and PPI data released this week have both dropped significantly. Investors’ expectations for the inflection point of U.S. inflation have increased, the stock market sentiment has risen, and foreign capital has flowed into Hong Kong stocks again.

The constituent stocks of the Hang Seng Technology Index (HSTECH), the data is from the official website of the Hang Seng Index, and the update time is July 29, 2022. After adjustment, the three companies with the largest proportion this month are: Xiaomi Group, JD.com Group and Alibaba.

market atmosphere

Hong Kong stock market sentiment is being boosted by the performance of US stocks, mainly due to the fall in US inflation data. External market factors dominate.

Externally, the performance of US stocks dominated the short-term Hong Kong stock market sentiment. The July CPI and PPI data released by the United States on Wednesday and Thursday all fell significantly. At the same time, the oil price fell from a higher point. Investors’ expectations for the upcoming turning point of US inflation and the Fed’s slowdown in raising interest rates have strengthened. US stocks benefited and rose, boosting the global The stock market rebounded.

Hang Seng Technology Index (HSTECH) Trend Analysis: U.S. Inflation Expectations Weakening, Stock Market Sentiment Rising

In the internal market, the market continued to pay attention to the development of the epidemic in many places in China, and the stock prices of consumer-optional technology companies continued to be suppressed.

Chart trend

HSTECH continues to oscillate at 4800-3800, and fluctuates at 4500-4150 in the short term. The index stepped back on the downtrend line of 11,000. As the feeling of stabilizing and stabilizing became stronger and stronger, it will pay attention to the resistance of 4,500 again. If it returns to the top of this line, it will return to 4,500-4,800 for a strong order.

Hang Seng Technology Index (HSTECH) Trend Analysis: U.S. Inflation Expectations Weakening, Stock Market Sentiment Rising

Fixed investment strategy

In terms of strategy, in the long run, the valuation of Hong Kong stocks is relatively low, and the Hang Seng Technology Index also concentrates the best technology stocks in Hong Kong, so it is still the best choice to buy the Hang Seng Technology Index; the short-term market is disturbed by unexpected factors. Opportunities to keep the fixed investment ideas and fixed investment scale unchanged.

(by Arthur)

Follow me on Twitter @ArthurZ22426704

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