U.S. Stocks
Fundamental Analysis:
The first quarter performance of large companies in the U.S. stock market was mixed, and the three major indices closed mixed.
The Dow closed at 35,160 points, up 249 points or 0.71%, the S&P closed at 4,459 points, down 2 points or 0.06%, while the Nasdaq closed at 13,453 points, down 166 points or 1.22%.
Most large technology stocks were lower, with Tesla down by 4.96%, Apple down by 0.1%, Microsoft up by 0.37%, Google A down by 1.51% and Meta down by 7.77%.
It is worth noting that Netflix fell 35.12%. For the company in the first quarter of this year, the number of paying subscribers decreased by 200,000 to 221 million, and the market expected an increase of 2.5 million.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 35110-line today. If the Dow runs stably below the 35110-line, it will pay attention to the support strength of the 34724 and 34477 positions. If the Dow breaks above the 35110-line, it will pay attention to the suppression strength of the 35308 and 35512 positions.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong stocks opened lower, the Hang Seng Index (HSI) fell 0.78%, the Hang Seng China Enterprises Index (HSCEI) fell 1.2%, the Hang Seng TECH Index (HSTECH) fell 1.94%.
On the market, overnight popular Chinese concept stocks fell across the board, large technology stocks fell, with JD.com, Inc. (9618.HK) fell 4.44%, Meituan (3690.HK) fell 4%, NetEase, Inc. (9999.HK), Tencent Holdings Limited (0700.HK), Alibaba Group Holding Limited (9988.HK), and Baidu, Inc. (9888.HK) are down more than 2%. Meanwhile, GDS Holdings Limited (9698.HK) fell more than 8%, and XPeng Inc. (9868.HK) fell nearly 6%.
Domestic housing stocks and property management stocks continued to move lower, home appliances stocks, dairy stocks, domestic banking stocks, domestic banking stocks, and retail stocks generally fell.
On the other hand, gas stocks, photovoltaic stocks rose, GCL-Poly Energy Holdings Limited (3800.HK) rose 3%, China Resources Gas Group Limited (1193.HK) rose more than 2%, while power stocks, and most of the pharmaceutical stocks rose.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 focuses on the 21450-line today. If HK50 can run stably below the 21450-line, then pay attention to the support strength of 20467 and 19517. If HK50 runs above the 21450-line, then pay attention to the suppression strength of 22127 and 22785.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 13983-line today. If the A50 runs steadily below the 13983-line, pay attention to the support strength of the 13157 and 12733 positions. If the A50 runs above the 13983-line, it will open up further upward space. At that time, pay attention to the suppression of the 14669-line.
Risk Disclosure
Trading in financial instruments involves a high degree of risk due to fluctuations in the value and price of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance.
Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.
Disclaimer
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.
