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Hong Kong Stocks Opened Higher, Technology Stocks Led The Increase


U.S. Stocks 

Fundamental Analysis: 

The U.S. stock market was closed on Monday, 4th July 2022, for U.S. Independence Day.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow is focused on the 31000-line today. If the Dow runs steadily above the 31000-line, it will pay attention to the suppression strength of the positions of 31291 and 31661.

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stocks opened higher, the Hang Seng Index (HSI) opened up 1.02%, the Hang Seng TECH Index (HSTECH) rose 1.54%.

Technology stocks rose in front, JD Health International Inc. (6618.HK) rose 3%, Alibaba Group Holding Limited (9988.HK) rose over 2%, Tencent Holdings Limited (0700.HK) edged up 0.3%, and SenseTime Group Inc. (0020.HK) fell over 5%.

Auto stocks opened collectively higher, Geely Automobile Holdings Limited (0175.HK) and NIO Inc. (9866.HK) rose more than 1%.

In terms of individual stocks, Jiayuan International Group Limited (2768.HK) opened over 14% higher. The company issued 1 billion shares on 4th July 2022 due to the conversion of some convertible bonds at an issue price of HK$3.3 per share.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

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

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 14695-line today. If the A50 runs stably below the 14695-line, pay attention to the support strength of the two positions of 14352 and 13970. If the A50 runs above the 14695-line, it will open up further upward space. At that time, pay attention to the two positions of 14985 and 15184.

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[Disclaimer]  
This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, make no representation or warranties to the information displayed and Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, shall not be liable for any direct, indirect, special or consequential loss or damages incurred a result of any inaccuracies or incompleteness of the information provided. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, shall not be liable for any direct, indirect, special or consequential loss or damages incurred as a result of any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment. 

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