U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed sharply higher on Thursday, 25th August 2022, boosted by gains in Nvidia and other technology-related stocks, as investors focus on the Federal Reserve’s Jackson Hole meeting for clues about the Fed’s policy outlook.

Fed Chairman Jerome Powell will deliver a speech on Friday which investors will dissect for signs of how aggressive the Fed may be in raising interest rates as it battles inflation, which is at a decades-high level.

NVIDIA jumped 4% after the graphics chip maker gave a weaker-than-expected quarterly forecast that many investors believe signals the worst of the sales slump may be over.

That pushed the Philadelphia Semiconductor Index to rally. Apple and Microsoft rose more than 1%, while Amazon and Google parent Alphabet rose more than 2%, and all four companies contributed significantly to the Nasdaq’s gains.

All 11 sectors of the S&P 500 rose, led by materials stocks, up 2.26%, followed by communications services stocks, up 2.06%.

Electric car maker Tesla fell 0.35% after its 1-for-3 stock split took effect.

Earlier data showed the U.S. economy shrank less in the second quarter than initially estimated, with consumer spending offsetting some of the drag caused by a sharp slowdown in inventory accumulation, easing fears that the economy is about to fall into recession.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 33390-line today. If the Dow runs steadily above the 33390-line, it will pay attention to the suppression strength of the 33584 and 33811 positions. If the Dow runs steadily below the 33390-line, it will pay attention to the support strength of the 33233 and 32975 positions.

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stocks continued yesterday’s rebound in the morning session, but the three major indexes fell significantly from the beginning of the session.

By midday close, the Hang Seng Index (HSI) rose 0.7%, back above 20,000 points, the Hang Seng China Enterprises Index (HSCEI) rose 0.66%, the Hang Seng TECH Index (HSTECH) rose 0.57%, once recovered the 4300 mark during the day.

On the market, yesterday’s big gains in large technology stocks were diverged, Baidu, Inc. (9888.HK) rose more than 3%, Alibaba Group Holding Limited (9988.HK) rose 2%, JD.com, Inc. (9618.HK), Meituan (3690.HK) rose more than 1%, Kuaishou Technology (1024.HK) fell nearly 4%, Tencent Holdings Limited (0700.HK), NetEase, Inc. (9999.HK) fell slightly.

Online education stocks continue to be active, the industry continues to welcome good policy, hydrogen energy stocks, photovoltaic stocks strengthened significantly.

China Petrochemical Corporation and China National Petroleum Corporation performed well, and PetroChina Company Limited (0857.HK) rose 3%.

 On the other hand, the performance of film and entertainment stocks was sluggish, coal, electricity sector retracement, recently active domestic insurance stocks fell generally.

The net inflow of southbound capital inflow was HK$820 million in half a day, and the market turnover was HK$58.3 billion.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 19517-line today. If HK50 can run stably above the 19517-line, then focus on the suppression strength of the 20467 and 21450 positions. If the HK50 runs below the 19517-line, then pay attention to the support strength of the 18606 and 17535 positions.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 13887-line today. If the A50 runs stably below the 13887-line, pay attention to the support strength of the two positions of 13544 and 13157. If the A50 runs above the 13887-line, it will open up further upward space. At that time, focus on the two positions of 14371 and 14695.

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