U.S. Stocks
Fundamental Analysis:
U.S. stocks tumbled on Thursday, posting their biggest quarterly decline in two years in the first quarter, as markets continued to worry about the conflict in Ukraine and its impact on inflation, as well as the Federal Reserve’s response.
Optimism about a possible peace deal between Ukraine and Russia boosted stocks earlier this week before that hope quickly evaporated. Russian President Vladimir Putin on Thursday threatened to halt gas supplies to Europe unless they are settled in rubles.
Stocks are sensitive to any signs of progress toward a peace deal between Russia and Ukraine. Already high U.S. inflation has intensified as commodity prices such as oil and metals have soared since the war began.
With rising prices, there is a growing likelihood that the Federal Reserve will become more aggressive in raising interest rates to curb inflation, which could dampen economic growth.
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, then pay attention to the support strength of the two positions of 34724 and 34477. If the Dow index breaks above the 35110-line, then pay attention to the suppression strength of the two positions of 35308 and 35610.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong’s HSI opened lower, with the Hang Seng Index (HSI) down 1.51% at 21,665 points and the Hang Seng TECH Index (HSTECH) down 3.63% at 4,392 points.
In terms of technology stocks, Baidu, Inc. (9888.HK) fell over 8%, Bilibili Inc. (9626.HK) fell over 7%, Meituan (3690.HK) fell over 4%, and Kuaishou Technology (1024.HK) fell over 3%.
The education sector was lower, with Koolearn Technology Holding Limited (1797.HK) down more than 9%, New Oriental Education & Technology Group Inc. (9901.HK) by down nearly 5%, Scholar Education Group (1769.HK) down more than 4%, and China East Education Holdings Limited (0667.HK) down nearly 3%.
At present, the Hong Kong stock market may still be repeated in the short term, but similar to the stage of the previous sharp decline may have ended, and the follow-up may gradually enter the grinding stage.
The attractiveness of Hong Kong stocks lies in lower valuations, higher dividend yields and quality growth targets, especially those that have been mistakenly killed in the sharp decline.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22127-line today. If HK50 can run stably below the 22127-line, then pay attention to the support strength of 21450 and 20467. If HK50 runs above the 22127-line, then pay attention to the suppression strength of 22785 and 23294.
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.
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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.
