SINGAPORE, Sept 23 (Reuters) – As the Bank of Japan steps into currency markets for the first time in decades to defend a battered yen, it is running into numerous obstacles, chiefly its own stubborn commitment to ultra-easy monetary settin ...
U.S. stocks rose on Monday, 15th August 2022, boosted by growth giants, as the market extended recent gains and investors were optimistic that the Federal Reserve could achieve a soft landing for the economy.
Apple climbed 0.6%, Microsoft gained 0.5% and Tesla jumped 3.1%. These giant stocks gave the biggest boost to the S&P 500 and the Nasdaq.
Essential consumer stocks and utilities also recorded strong gains.
The S&P 500 has rallied sharply since mid-June, hitting a high of 4301.9 on Monday, a new high since 5th May.
The rise in the stock market has also depressed safe-haven buying demand for gold.
By Monday’s close, the Dow Jones Industrial Average was up 151.39 points, or 0.45%, to 33,912.44. The S&P 500 was up 16.99 points, or 0.40%, to 4,297.14, and the Nasdaq was up 80.87 points, or 0.62%, to 13,128.05.
(Dow 30, 1-hour chart)
The Dow focuses on the 33584-line today. If the Dow runs steadily above the 33584-line, it will pay attention to the suppression strength of the 33811 and 34088 positions. If the Dow runs steadily below the 33584-line, it will pay attention to the support strength of the 33390 and 33233 positions.
Hong Kong Stocks
The three major indices opened collectively higher, Hang Seng Index (HSI) rose 0.33%, the Hang Seng China Enterprises Index (HSCEI) rose 0.55%, Hang Seng TECH Index (HSTECH) rose 072%.
On the market, large technology stocks rose collectively, NetEase, Inc. (9999.HK), Baidu, Inc. (9888.HK), JD.com, Inc. (9618.HK) rose 2%, while Tencent Holdings Limited (0700.HK), and Alibaba Group Holding Limited (9988.HK) followed.
Domestic housing stocks and property management stocks opened collectively higher. Country Garden Holdings Company Limited (2007.HK) rose 8.6%, Country Garden Services Holdings Company Limited (6098.HK) rose 5.8%, and Longfor Group Holdings Limited (0960.HK) rose nearly 8%.
Meanwhile, semiconductor stocks, Hong Kong retail stocks, oil stocks, Apple concept stocks weakened.
(HK50, 1-hour chart)
HK50 focuses on the 20467-line today. If HK50 can run stably above the 20467-line, then pay attention to the suppression strength of 21450 and 22127. If HK50 runs below the 20467-line, then pay attention to the support strength of 19517 and 18606.
FTSE China A50 Index
(FTSE China A50, 1-hour chart)
FTSE China A50 focuses on the 13887-line today. If the A50 runs steadily below the 13887-line, it will 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, pay attention to the two positions of 14371 and 14695.
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