U.S. Stocks 

Fundamental Analysis: 

The three major U.S. stock indexes plunged on Tuesday, 13th September 2022, as markets suffered a broad sell-off after a higher-than-expected inflation report dashed hopes that the Federal Reserve might slow the pace of its tightening policy in the coming months.

All three major U.S. stock indexes were sharply lower, ending a previous four-day streak of gains and posting their biggest one-day percentage losses since June 2020, when the Covid-19 pandemic was at its worst.

Surging risk aversion caused all major sectors to fall, with interest-rate-sensitive tech and tech-related stocks such as Apple, Microsoft, Amazon and other market leaders causing the biggest drag.

All 11 major sectors of the S&P 500 closed sharply lower.

The communication services sector, the consumer sector and the technology sector all fell heavily by more than 5%, and semiconductor stocks under the technology sector plunged 6.2%.

The U.S. stock exchanges traded a total of 11.58 billion shares, with a daily average volume of 10.33 billion shares over the past 20 trading days.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow is focused on the 31265-line today. If the Dow runs steadily above the 31265-line, then it will pay attention to the suppression strength of the two positions of 31661 and 31995. If the Dow is running steadily below the 31265-line, it will pay attention to the support strength of the two positions of 31000 and 30608.

Hong Kong Stocks 

Fundamental Analysis: 

The higher-than-expected U.S. CPI last month caused the market to worry about the Federal Reserve Board will continue to raise interest rates sharply.

U.S. stocks hit the biggest drop in two years, dragging the three major indices of Hong Kong stocks to closed down collectively in midday trading.

The Hang Seng Index (HSI) fell 2.55%, the Hang Seng China Enterprises Index (HSCEI) fell 2.5%, and the Hang Seng TECH Index (HSTECH) fell 2.96%. 

The half-day net southbound capital inflow was HK$4.02 billion, the market turnover was HK$52.1 billion. 

On the market, large technology stocks fell collectively, Bilibili Inc. (9626.HK), Baidu, Inc. (9888.HK) fell 5%, Alibaba Group Holding Limited (9988.HK) fell 4%, JD.com, Inc. (9618.HK) fell 3.8%, Meituan (3690.HK), Kuaishou Technology (1024.HK) fell 2%, NetEase, Inc. (9999.HK), Tencent Holdings Limited (0700.HK) fell 1%.

The dollar strengthened, gold spot fell below $ 1700, and gold stocks plunged, with Zijin Mining Group Company Limited (2899.HK) falling by 3%.

The mid-autumn new housing turnover area fell more than 30% year-on-year, and the domestic housing stocks fell generally.

In addition, sporting goods stocks, biotechnology stocks, power equipment stocks, auto stocks, domestic insurance stocks and other stocks have been frightened.

The proposed “10 for 3” rights issue raised no more than 27 billion yuan, China International Capital Corporation Limited (3908.HK) plunged nearly 9% led by the decline in Chinese securities stocks.

In addition, the BDI rose 12%, shipping stocks counter-trend strength.

The U.S. government to consider buying oil prices down to $80 to replenish the strategic oil reserves, and some oil stocks strengthened.

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 13157-line today. If the A50 runs steadily below the 13157-line, it will pay attention to the support strength of the two positions of 12945 and 12733. If the A50 runs above the 13157-line, it will open up further upward space. At that time, pay attention to the two positions of 13544 and 13887.

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