$Hang Seng Index (800000.HK)$ Today officially broke through the resistance of the 100-day moving average (MA100: 21,210 points), and the index has begun to fill the large downward gap left from April 7 (21,047~22,638 points). Although it faced resistance upon rising to the 10-day moving average (MA10: 21,561 points), the analysis of the Candlestick chart suggests a bullish performance in the future.
As for, $Hang Seng TECH Index (800700.HK)$ The performance is quite similar, with the index breaking through the resistance of the 10-day moving average earlier, primarily due to the composition structure of the index, led by bullish sectors in the recent rising market.The autos stocks and semiconductors.Are relatively heavy in proportion.
The trade friction has temporarily cooled down.
In fact, it is not just Hong Kong stocks; the three major indices in the USA also show signs of stabilization. The atmosphere of the entire trade war and market perception began to change last Wednesday, April 9. Besides Trump's comments on social media X to stimulate the U.S. stock market, another reason is thatThe rise in U.S. Treasury yields has created pressure.。
Last Wednesday, the ten-year U.S. Treasury yield once rose to the level of 4.5%. The U.S. Treasury is facing enormous pressure. Trump's attitude has begun to show signs of softening, with some countries postponing reciprocal tariffs and expressing willingness to negotiate with different countries.There will be greater pressure to issue bonds before the middle of the year.Market speculation suggests that Trump's hardline stance is difficult to maintain in the short term, which has been the main reason for this market rebound.
Additionally, although the CPI and PPI data for March released last week in the USA were below expectations, the general analysis is also ...