U.S. Stocks
Fundamental Analysis:
U.S. stocks closed higher for a second straight day, with the S&P 500 recording its biggest one-day gain in two years, after the release of softer U.S. economic data and a smaller-than-expected rate hike by the Australian Federal Reserve stoked hopes that the Fed might be less aggressive in raising interest rates.
Tuesday’s filing with securities regulators showed that billionaire Musk proposed to go ahead and buy Twitter at the original bid of $54.20 per share, marking the end of a legal battle that was about to go to court.
That pushed Twitter shares up a sharp 22.24%, making it the biggest gainer in the S&P 500 today.
Tech giants led the gains, with Amazon climbing 4.5%, Microsoft jumped 3.38%, Apple up 2.56% and Google parent Alphabet Inc up 3.04%.
Bank stocks such as Citigroup, Morgan Stanley and Goldman Sachs climbed more than 3%.
The market rose broadly, with only six stocks in the S&P 500 falling.
Electric car maker Rivian Automotive jumped 13.8% after the company said it produced 7,363 vehicles in the third quarter, a 67% increase from the previous quarter and left its full-year production target of 25,000 unchanged.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 30350-line today. If the Dow runs steadily above the 30350-line, it will pay attention to the suppression strength of the 31000 and 31265 positions. If the Dow runs steadily below the 30350-line, it will pay attention to the support strength of the 29767 and 29538 positions.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong Hang Seng Index (HSI) opened up 732.46 points, or 4.29%, at 17811.97 points.
Hang Seng TECH Index (HSTECH) opened up 170.22 points, or 4.97%, at 3597.35 points.
Hang Seng China Enterprises Index (HSCEI) opened up 231.71 points, or 3.96%, at 6088.53 points.
Red Chip Index opened up 93.17 points, or 2.77%, to 3458.95 points.
Science network stocks rose generally, Bilibili Inc-SW rose about 9%, Netease-S, Baidu Group-SW rose more than 6%, JD.com, Inc-SW, Alibaba-SW rose more than 5%, Tencent Holdings rose more than 4%.
BYD Company Limited (1211.HK) rose 9.37%, its September new energy vehicle sales of 201,259 units, an increase of 183.1% year-on-year.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 focuses on the 18606-line today. If HK50 can run stably above the 18606-line, then pay attention to the suppression strength of the 19517 and 20467 positions. If the HK50 runs below the 18606-line, then pay attention to the support strength of the 17535 and 16664 positions.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 focuses on the 12945-line today. If the A50 runs stably below the 12945-line, pay attention to the support strength of the two positions of 12733 and 12533. If the A50 runs above the 12945-line, it will open up further upward space. At that time, pay attention to the two positions of 13157 and 13344.
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