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【Special Contributor】Option Jack: How far can this wave of rising in Hong Kong stocks go?
Gold Woo Financial News | Since the low of 18,671 points on January 13, the Hang Seng Index has risen by 19%, and the market is describing it as entering a 'technical bull market.' Although it is believed that a bull market does not occur during a downturn cycle, this is still viewed as an important upward wave. Looking at the multiple upward waves over the past four years, such as the lift of over 8,000 points from the low in November 2022, and the upward wave from September to October 7 last year, which gained over 6,000 points, this upward wave has also increased by more than 3,600 points so far. With this level reached, it can be said that fluctuations are significant, and a correction wave could destroy many Hold Positions.
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The U.S. dollar deposit interest rates have "plummeted from high levels," leading to a trend of funds moving to Hong Kong to increase allocation to high-yield U.S. dollar Assets, making Hong Kong insurance products favored.
① Due to Hong Kong's current implementation of the "linked exchange rate system" which is fixed to the USD, domestic dollar deposit interest rates have been lowered, but Hong Kong is not affected. ② For a long-term economic cycle with market interest rates in a downward environment, the capital gains potential is limited, and Asset allocation focuses more on the long term.
Hong Kong stock market news for February 13: The central bank will issue two phases of a total of 60 billion yuan notes in Hong Kong. The new generation of Horizon's intelligent driving chip has landed at BYD's Tian Shenyang.
① The Horizon Journey 6 chip has been globally launched at BYD's Tian Shen Zhi Yan. ② COSCO SHIP ENGY plans to invest approximately 3.496 billion yuan to build 6 oil tankers. ③ The central bank will issue two tranches of a total of 60 billion yuan in Hong Kong. ④ Trump has voiced the demand to lower interest rates.
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102420347 : indeed. target price 96
102420347 : one of most undervalued good buy. future is in asia , keep for long term