U.S. Stocks 

Fundamental Analysis: 

Continued to be affected by panic, U.S. stocks closed overnight, with the S&P 500 closing in a bear market territory for the second consecutive day, and the Dow Jones both fell for five consecutive days.

Among the three major indices, only the Nasdaq closed slightly higher, temporarily leaving nearly two years of lows.

The Fed is widely expected to raise interest rates more aggressively after inflation data on Friday unexpectedly rose to a four-decade high.

At present, the Fed will raise interest rates by 75 basis points on this week’s interest rate resolution gradually became the consensus on Wall Street, including Barclays, JP Morgan Chase, Goldman Sachs, and other large investment banks.

According to the Chicago Mercantile Exchange (CME) Fed Watch tool, from June 10 to 13, the probability of the Fed raising rates by 75 basis points this week has risen from 23.2% to 95.5%.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 31,000-line today. If the Dow runs steadily below the 31,000-line, it will pay attention to the support strength of the 30350 and 29767 positions. If the Dow rises above the 31,000-line, it will pay attention to the suppression strength of the 31291 and 31661 positions.

Hong Kong Stocks 

Fundamental Analysis: 

Today, Hong Kong stocks opened higher and moved higher. As of midday, the Hang Seng Index (HSI) rose 1.42% to 21,367.11 points, the Hang Seng China Enterprises Index (HSCEI) rose 2.02%, and the Red Chip Index rose 1.43%.

The Hang Seng TECH Index (HSTECH) rose, with Bilibili Inc. (9626.HK) up by 7.79%, Baidu, Inc. (9888.HK) up by 5.51% and Alibaba Group Holding Limited (9988.HK) up by 4.64%.

 Auto stocks rose in general, with NIO Inc. (9866.HK) up by 14.48%, as NIO will hold a product launch on 15th June 2022 at 8 pm. XPeng Inc. (9868.HK) rose more than 8%, while Li Auto Inc. (2015.HK) rose more than 5%.

Chinese brokerage stocks moved higher, CITIC Capital rose over 8%, Everbright Securities rose 7.65%, CICC rose 6.48%. 

Koolearn Technology Holding Limited (1797.HK) continued to rise 31.47%, after three consecutive days of gains, and Oriental Education & Technology Group Inc. (9901.HK) rose 34.11%.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 21450-line today. If HK50 can run stably above the 21450-line, then pay attention to the suppression strength of 22127 and 22785. If HK50 runs below the 21450-line, then pay attention to the support strength of 20467 and 19517.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 14348-line today. If the A50 runs stably below the 14348-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14348-line, it will open up further upward space. At that time, pay attention to the two positions of 14660 and 14939.

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