U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed lower on Wednesday, 8th June 2022, as U.S. bond yields rose through the psychologically important 3% mark and oil prices jumped, raising concerns about the outlook for inflation and interest rates.

The market was down in general, with the S&P 500 down by more than 1%, ending a two-day rally that preceded it.

Intel fell sharply by 5.3%, causing the biggest drag, after Citibank cut its forecast for the chipmaker for the second time in a week.

Citi pointed to uncertain demand for personal computers, and predicted the company may issue a weaker-than-expected warning on second-quarter earnings. Other chip stocks also fell.

Brent crude rose through $123 a barrel and hit a new 13-week high.

The Dow Jones Transportation Index fell 3.8%, significantly underperforming other indices.

By the close of trading, the Dow Jones Industrial Average fell 269.24 points, or 0.81%, to 32,910.9, the S&P 500 fell 44.91 points, or 1.08%, to 4,115.77, the Nasdaq retreated 88.96 points, or 0.73%, to 12,086.27.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 33233 line today. If the Dow runs stably above the 33233-line, it will pay attention to the suppression strength of the 33584 and 34088 positions. If the Dow falls below the 33233-line, then pay attention to the support strength of the 32781 and 32455 positions.

Hong Kong Stocks 

Fundamental Analysis: 

Overnight U.S. stocks in China continue to soar, Hong Kong shares of technology stocks to continue the strong market.

The three major indices rose across the board, the Hang Seng Index (HSI) rose 0.49%, the Hang Seng China Enterprises Index (HSCEI) rose 0.65%, the Hang Seng TECH Index (HSTECH) rose 1.36%.

On the market, Alibaba Group Holding Limited (9988.HK), Tencent Holdings Limited (0700.HK), JD.com, Inc. (9618.HK) and other e-commerce giants led technology stocks up.

Alibaba opened sharply higher by about 7%, biomedical stocks continued to move higher, vocational education stocks, sporting goods stocks, e-cigarette concept stocks, and auto stocks have risen.

International oil prices rose, the three barrels of oil were collectively stronger.

On the other hand, the previous strong shipping stocks fell significantly, COSCO SHIPPING Holdings Co., Ltd. (1919.HK) fell nearly 5%. Hong Kong banking stocks, and dairy stocks fell in general. BYD shares rose more than 3%, raising the ceiling of A-share repurchase price.

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 13544-line today. If the A50 runs steadily below the 13544-line, it will pay attention to the support strength of the two positions of 13157 and 12945. If the A50 runs above the 13544-line, it will open up further upward space. At that time, pay attention to the two positions of 13970 and 14253.

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