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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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Easing Credit Risks Push U.S. Stocks Back Into Uptrend Channel
Summary:
As concerns over bank credit risks quickly subside, U.S. equities have returned to an upward trajectory. Renewed fears about bad loans may provide the Fed with justification for an earlier rate cut.
Trading
46551.95
ENTRY
47531.00
TGT
45370.00
SL
-- -- --
0
Point
Flat
45370.00
SL
CLOSING
46551.95
ENTRY
47531.00
TGT
Fundamentals
U.S. stocks opened without clear direction last Friday but moved higher through the trading session. The major indices all advanced, recovering losses from the previous day.
The major averages closed off intraday highs but still ended solidly higher. The Dow Jones Industrial Average rose 238 points (0.5%) to 46,190; the Nasdaq gained 117 points (0.5%) to 22,679; and the S&P 500 added 35 points (0.5%) to 6,664.
With Friday’s rebound, all three major indices posted strong weekly gains. The Nasdaq jumped 2.1%, while the S&P 500 and Dow Jones advanced 1.7% and 1.6%, respectively.
Bank stocks such as JEF and ZION, which had led declines in the prior session, staged a strong rebound. JEF and ZION benefited from upbeat analyst commentary, while TFC, FITB, and HBAN shares rose after reporting better-than-expected quarterly earnings.
In addition, comments from President Donald Trump helped ease concerns over the U.S.–China trade dispute, providing further support to equities.
Market Watch: U.S. stock index futures fell sharply last Friday as worries about risk and credit quality intensified, triggering a selloff in regional banks and further weakening already fragile investor sentiment amid ongoing trade tensions.
Although this selloff may have been an isolated event, concerns about bad loans and deteriorating credit quality are on the rise.
The banking system has seen a sufficient accumulation of problem loans within a week to give the Fed a reason to cut rates quickly without excessive concern about inflation.
Lower borrowing costs could not only stimulate the broader economy but also make it easier for borrowers to avoid defaults.
Technical Analysis
The Dow Jones Industrial Average held near 46,300 on Monday, consolidating at elevated levels. The short-term technical structure indicates the market is entering a corrective consolidation phase, though the overall bullish trend remains intact.
If the index holds above the key 46,000 support, it may once again challenge historical highs.
On the daily chart, prices continue to trade within an ascending channel, with the 20-day moving average (around 46,120) acting as the first line of dynamic support.
The MACD shows signs of a potential bearish divergence but has not yet formed a clear crossover. The RSI has eased to around 61, suggesting momentum is undergoing a mild correction.
On the 4-hour chart, the index has formed the right shoulder of a small head-and-shoulders pattern after facing resistance near 46,500, implying a possible retest of the neckline around 46,075. If that level holds as support, rebound targets remain at 46,800 and 47,000. If it breaks lower, downside risks will expand.
Trade Recommendations
Trade Direction: Buy
Entry Price: 46100
Target Price: 47531
Stop Loss: 45370
Valid Until: November 4, 2025 23:55:00
Support: 46075 / 45784 / 45437
Resistance Levels: 46539 / 46736 / 47067
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You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
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Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.
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