On Friday, 24th June 2022, the three major U.S. stock indexes opened higher, and the end of the FTSE Russell “annual shuffle” in late trading drove a series of stocks to twitch up, adding to today’s broader market.
As of the close, the S&P 500 rose 3.06% to 3911.74 points, the Nasdaq rose 3.34% to 11,607.62 points, and the Dow Jones rose 2.68% to 31,500.68 points.
Most U.S. technology stocks rose sharply, including Apple rose 2.45%, Tesla rose 4.52%, Amazon rose 3.58%, Google A rose 5.11%, Netflix rose 5.03%, and Microsoft rose 3.41%.
The economic restart concept rebounded strongly, American Airlines rose 7.09%, United Continental Airlines rose 7.54%, Royal Caribbean Cruises rose 15.77%, and Boeing rose 5.64%.
(Dow 30, 1-hour chart)
The Dow focuses on the 31,000-line today. If the Dow runs steadily above the 31,000-line, it will pay attention to the suppression strength of the two positions of 31661 and 32083. If the Dow runs steadily below the 31,000-line, it will pay attention to the support strength of the two positions of 30608 and 30350.
Hong Kong Stocks
Hong Kong stock Hang Seng Index (HSI) opened higher and closed up 2.09% at 21719.06 points, up 3.06% this week. The Hang Seng China Enterprises Index (HSCEI) rose 2.22%, the red chip index rose 0.75%.
Hang Seng TECH Index (HSTECH) rose 4.05%, Kingdee International Software Group Company Limited (0268.HK) rose 9.52%, Sunny Optical Technology (Group) Company Limited (2382.HK) rose 8.63%, Bilibili-SW rose 6.36%, Alibaba-SW rose 5.46%, Kuaishou-W rose 4.55%.
Pharmaceutical stocks rose, with WuXi AppTec up 11.01%, WuXi Biologics up 10.36%, and Pharmaron Beijing up 10.24%.
Sporting goods stocks rose, ANTA Sports Products Limited (2020.HK) rose 6.47%, Bosideng International Holdings Limited (3998.HK) rose 4.8%, Li Ning Company Limited (2331.HK) rose 4.88%.
Auto stocks rose, XPeng-W rose over 7%, Geely Automobile Holdings Limited (0175.HK) rose over 6%, and Li Auto-W rose over 5%.
(HK50, 1-hour chart)
HK50 focuses on the 20467-line today. If HK50 can run stably above the 20467-line, then pay attention to the suppression strength of 21450 and 22127. If HK50 runs below the 20467-line, then pay attention to the support strength of 19517 and 18606.
FTSE China A50 Index
(FTSE China A50, 1-hour chart)
FTSE China A50 focuses on the 14352-line today. If the A50 runs steadily below the 14352-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14352-line, it will open up further upward space. At that time, pay attention to the two positions of 14695 and 14985.
Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. Investments in certain services should be made on margin or leverage, where relatively small movements in trading prices may have a disproportionately large impact on the client’s investment and client should therefore be prepared to suffer significant losses when using such trading facilities.
Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with Doo Prime’s trading platforms. You should seek independent professional advice if you do not understand the any of the risks disclosed by us herein or any risk associated with the trade and investment of financial instruments. Please refer to Doo Prime’s Client Agreement and Risk Disclosure Statement to find out more.
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.