The Economic Times News Service reported on the 9th that U.S. bond yields softened, but tensions in the Middle East continued, keeping oil prices at elevated levels, and Asian stock markets moved individually, with Japan, South Korea, and Taiwan trending weaker, while mainland Chinese stocks first fell and then stabilized. However, Hong Kong stocks stood out, rebounding strongly today after two consecutive days of declines, led by tech and financial stocks. The Hang Seng Index opened 155 points higher, regained the 24,000 level, and expanded gains in the afternoon. The index closed at 24,211, up 425 points or 1.8%. Main board turnover reached nearly HK$209.2 billion. The Hang Seng China Enterprises Index closed at 8,147, up 137 points or 1.7%. The Hang Seng Tech Index closed at 4,197, up 124 points or 3.1%. In addition, Northbound funds recorded a net inflow of approximately HK$291 million today.
Today's rebound in the HSI was relatively significant, but given the deep market declines over the previous two days, today's rebound appears to be driven by funds buying at lower levels. Among Northbound investors with transactions exceeding HK$10 million, the active buy-to-sell ratio still showed stronger selling pressure, recording 53:47. After recent rebounds, the market often sees funds taking profits at higher levels, so the current market situation cannot yet be considered stable. If bearish news emerges over the weekend, there could be a significant pullback on Monday (12th). The support level is currently around 23,800 points; given today's relatively large rebound, the upside room appears limited based on recent trends, with resistance around 24,400 points.
*U.S. long-term bond yields retreat, tech and financial stocks rebound together*
U.S. long-term bond yields retreated, leading tech stocks to collectively rise: Xiaomi (01810) gained 9.7% to close at HK$25.96, the largest gain among blue chips; Kuaishou (01024) rose 5.5% to HK$30.10; Tencent (00700) rose 3.3% to HK$424.80; Alibaba (09988) rose 2.6% to HK$107.00.
Multinational financial stocks rebounded: HSBC (00005) rose 1.8% to HK$145.20; Bank of China (Hong Kong) (02388) rose 2.5% to HK$49.68; Standard Chartered (02888) rose 1.4% to HK$221.00; AIA (01299) rose 2.9% to HK$71.25.
*Link REIT has rebounded continuously recently, today regaining both 10-day and 20-day moving averages at once*
Link REIT (00823) has shown an upward trend in share price recently, and today, for the first time in a month, it regained the 20-day moving average (around HK$37.10). Given that U.S. bond yields remain high and the Monetary Authority recently indicated that Hong Kong might touch the weak-side convertibility guarantee, potentially triggering market concerns over reduced Hong Kong dollar liquidity, Link REIT's property rental characteristics provide stable cash flow. Combined with its current dividend yield of nearly 6.8%, significantly higher than U.S. bonds, it can serve as a stable deployment option under current market conditions.
Link REIT has accumulated significant gains recently. For positioning, investors could first wait for the share price to pull back to the bull-bear line level (around HK$36.80). The first target is to regain the 50-day moving average (around HK$38.20). If it can stabilize above that level, it may then challenge the early September level of around HK$39.00. (am)
Today's rebound in the HSI was relatively significant, but given the deep market declines over the previous two days, today's rebound appears to be driven by funds buying at lower levels. Among Northbound investors with transactions exceeding HK$10 million, the active buy-to-sell ratio still showed stronger selling pressure, recording 53:47. After recent rebounds, the market often sees funds taking profits at higher levels, so the current market situation cannot yet be considered stable. If bearish news emerges over the weekend, there could be a significant pullback on Monday (12th). The support level is currently around 23,800 points; given today's relatively large rebound, the upside room appears limited based on recent trends, with resistance around 24,400 points.
*U.S. long-term bond yields retreat, tech and financial stocks rebound together*
U.S. long-term bond yields retreated, leading tech stocks to collectively rise: Xiaomi (01810) gained 9.7% to close at HK$25.96, the largest gain among blue chips; Kuaishou (01024) rose 5.5% to HK$30.10; Tencent (00700) rose 3.3% to HK$424.80; Alibaba (09988) rose 2.6% to HK$107.00.
Multinational financial stocks rebounded: HSBC (00005) rose 1.8% to HK$145.20; Bank of China (Hong Kong) (02388) rose 2.5% to HK$49.68; Standard Chartered (02888) rose 1.4% to HK$221.00; AIA (01299) rose 2.9% to HK$71.25.
*Link REIT has rebounded continuously recently, today regaining both 10-day and 20-day moving averages at once*
Link REIT (00823) has shown an upward trend in share price recently, and today, for the first time in a month, it regained the 20-day moving average (around HK$37.10). Given that U.S. bond yields remain high and the Monetary Authority recently indicated that Hong Kong might touch the weak-side convertibility guarantee, potentially triggering market concerns over reduced Hong Kong dollar liquidity, Link REIT's property rental characteristics provide stable cash flow. Combined with its current dividend yield of nearly 6.8%, significantly higher than U.S. bonds, it can serve as a stable deployment option under current market conditions.
Link REIT has accumulated significant gains recently. For positioning, investors could first wait for the share price to pull back to the bull-bear line level (around HK$36.80). The first target is to regain the 50-day moving average (around HK$38.20). If it can stabilize above that level, it may then challenge the early September level of around HK$39.00. (am)
