Recently, trading in Hong Kong stocks has been extremely quiet, with the market first falling and then stabilizing, offering little indication of future direction. Ultimately, normal market conditions are expected to resume only after the reopening of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect trading tomorrow (8th). Therefore, speculating in the market at this stage involves a high degree of gambling, which this column does not recommend. The current heavy concentration zones for Hang Seng Index bull and bear warrants are located at 23800-23899 and 24500-24599 respectively. Unless significant new negative or positive market news emerges, major bearish and bullish players are unlikely to launch aggressive moves. For near-term market development, the most ideal scenario would be today (7th), with the Hang Seng Index consolidating near the previous month's low of 24276 on the 25th, with bulls successfully preventing bears from pushing the market further down, awaiting the return of Northbound funds tomorrow to add upward momentum to Hong Kong stocks. Of course, the direction of Northbound funds tomorrow will largely depend on whether new positive news from mainland China enters the market. <Chief Advisor of ET and Trading Link, Leung Yip Ho> (Website: www.BennyLeung.com)
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