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U.S. Stock Market Tilts Toward Value Stocks, Hang Seng Index Drops 2.25%

US Stocks 

Fundamental Analysis: 

Many fluctuations in the stock market are related to the liquidity provided by the Federal Reserve. If the pace of cuts is faster, it also means that interest rate increases will be faster. Neither of these two situations is good for the stock market.

The impact on growth stocks, especially technology stocks, will be huge. The Nasdaq, which is dominated by technology stocks, is currently only 5% from its all-time high and may experience a sharp decline. Hence, the market will tilt toward value stocks. This backdrop bodes well for companies that have benefited from interest rate increases, have pricing power, and pay dividends. 

Against the background of inflation, underperforming utility companies and consumer goods companies, which are known for their dividend payouts, may experience strong increases. 

Technical Analysis:

(Dow30,1-hour chart) 

Execution Insight:

Today, we pay attention to the 34477 line. Once the Dow reaches above the 34477 line, it will open up further upward revision. At that time, pay attention to the suppression strength of the 34724 and 34990 positions above. Then, focus on the support of the 33811 and 33584 lines below.

Hong Kong Stocks 

Fundamental Analysis: 

The Hong Kong stock market suffered a heavy fall on the first trading day after the holiday. As of 12 pm, the Hang Seng Index closed down 2.25% at 24,022.64 points. 

Meanwhile, the pharmaceutical technology sector fell sharply, while tourism and aviation stocks rose sharply. Data shows that recently, tens of billions of funds are continuously bottoming out. The pharmaceutical technology sector tumbled heavily, while tourism and aviation stocks rose sharply against the trend.

On the other hand, the Hang Seng Technology Index fell by 1.95%. Among the constituent stocks, China Literature fell by more than 5%; Ali Health and Sunny Optical Technology fell by more than 4%; and Xiaomi, Meituan, and NetEase fell by more than 3%. 

Technical Analysis: 

(HK50,1-hour chart)

Execution Insight: 

On HK50 today, we pay attention to the support of the 24469 line. Once the buy order is obtained, then focus on the suppression strength of the two positions of 25160 and 25816 above. If HK50 falls below the 24469 line, it will open up further downward revision. 

FTSE China A50 Index 

Technical Analysis: 

(A50,1-hour chart)

Execution Insight: 

On A50, pay attention to the 15184 line today. If A50 is above the 15184 line, it will remain as a bullish trend. Then, pay attention to the support of the 14669 line below. 

While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision. 

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