U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed lower on Wednesday, 30th March 2022, with the Dow Jones Industrial Average and S&P 500 ending a four-session run of gains, as signs of progress in peace talks between Ukraine and Russia dwindled amid the Federal Reserve’s hawkish stance to curb economic growth.

Stocks reacted to news about the Russia-Ukraine peace talks. At the same time, commodity prices, such as oil and metals, have surged since the conflict began, adding to already high U.S. inflation.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 34990-line today. If the Dow runs stably above the 34990-line, it will pay attention to the suppression strength of the 35308 and 35610 positions. If the Dow index breaks below the 34990-line, it will pay attention to the support strength of the 34724 and 34477 positions.

Hong Kong Stocks 

Fundamental Analysis: 

The Hong Kong stock HSI opened slightly higher and then fluctuated lower. As of press time, the Hang Seng Index (HSI) fell 1.31% to 21945 points and the Hang Seng TECH Index (HSTECH) fell 2.13% to 4523 points.

In terms of technology stocks, Kuaishou Technology (1024.HK) rose nearly 2%, Meituan (3690.HK) fell over 4%, Baidu, Inc. (9888.HK) fell nearly 5%, XPeng Inc. (9868.HK) and ALI HEALTH (0241.HK) fell over 4%, while Li Auto Inc. (2015.HK) fell over 3%.

Ferretti Group (9638.HK) debuted its listing on HKEX, and its shares rose nearly 1%. The company’s public offering was 1.07 times subscribed.

During this interval, Smoore International Holdings Limited (6969.HK) fell more than 10% after announcing a 120.3% year-on-year increase in profit last year.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 Index focuses on the 22127-line today. If HK50 can run stably below the 22127-line, then pay attention to the support strength of 21450 and 20467. If HK50 runs above the 22127-line, then pay attention to the suppression strength of 22785 and 23294.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 pays attention to the 13983-line today. If the A50 runs steadily below the 13983-line, then pay attention to the support strength of the 13157 and 12733 positions. If the A50 runs above the 13983-line, it will open up further upward space. At that time, pay attention to the suppression of the 14669-line.

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Disclaimer  
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