U.S. Stocks
Fundamental Analysis:
U.S. stocks tumbled as investors worried that continued surging energy prices will curb the global economic recovery.
The S&P 500 fell by 3%, the biggest drop since October 2020 and the Nasdaq 100 slumped by 3.7%.
Oil prices touched a 14-year high after the U.S. and European allies considered banning imports of Russian crude. The U.S. is reportedly considering whether to ban Russian oil imports without the participation of European allies. Meanwhile, EU member states remain divided over sanctions on Russian oil trade, with Germany currently opposed.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 33233-line today. If the Dow runs stably below the 33233-line, it will pay attention to the support strength of the 32781 and 32455 positions. If the Dow breaks above the 33233-line, it will pay attention to the suppression strength of the 33584 and 34088 positions.
Hong Kong Stocks
Fundamental Analysis:
The three major indices of Hong Kong stocks opened mixed, with the Hang Seng Index (HSI) up 0.12%, the Hang Seng China Enterprises Index (HSCEI) down 0.01%, and the Hang Seng TECH Index (HSTECH) down 0.28%.
On the market, large technology was mixed, Baidu, Inc. (9888.HK) fell by 3.4%, JD.com, Inc. (9618.HK) fell by nearly 3%, Alibaba Group Holding Limited (9988.HK) rose by 1.6%, while Tencent Holdings Limited (0700.HK) and Kuaishou Technology (1024.HK) opened slightly higher.
Nickel prices soared 60%, Metallurgical Corporation of China Ltd. (1618.HK) opened sharply by 8.4% higher, while biotech stocks and real estate stocks strengthened significantly.
The auto sector fell sharply, with XPeng Inc. (9868.HK) falling by more than 6% to a new low again.
Sectors including home appliance, dairy, F&B, sporting goods, airline, and domestic banking stocks continued yesterday’s decline, with JS Global Lifestyle Company Limited (1691.HK) falling over 5%.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22785-line today. If HK50 can run stably below the 22785-line, then pay attention to the support of the 20467-line. If the HK50 rebounds above the 22785-line, then pay attention to the suppression strength of the 23294 and 23818 positions.
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, then pay attention to the support of the 13371-line. If the A50 breaks above the 13983-line, it will open up further upward trend. At that time, pay attention to the suppression strength of the 14669 and 15184 positions.
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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.
