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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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Statements by Members of The Bank of Japan Attract Investors to Buy The JPY
Summary:
The Japanese yen's rebound was driven by intervention expectations and the Swiss franc's strength on positive data, with technical analysis indicating a short-term retracement before a continuation of the yen's downtrend.
CLOSED
167.907
ENTRY
166.659
TGT
168.848
SL
174.791 -0.586 -0.33%
437
Points
Loss
166.659
TGT
168.344
CLOSING
167.907
ENTRY
168.848
SL
Fundamental Analysis
The Japanese yen exhibited a remarkable surge in today's trading session following a recent dip against the US dollar, reaching its lowest levels since 1990. This reversal was fueled by strong rhetoric from Japanese officials and a collaborative meeting involving the Bank of Japan, the Ministry of Finance, and the Financial Services Agency. The discussions in this meeting bolstered expectations for potential intervention measures to bolster the yen, prompting a significant rebound against other currencies. Bank of Japan member Tamura's statements echoed this sentiment, emphasizing the institution's commitment to tightening monetary policy amid clear signs of economic recovery. These remarks, coupled with the intention to maintain easing policies while preparing for interest rate hikes, led to increased demand for the yen, resulting in selling pressure on alternative currencies. Conversely, in Switzerland, the release of positive data on the KOF Leading Indicator may temporarily strengthen the Swiss franc in the forex market.
Switzerland KOF Economic Leading Indicator (Mar)
Technical Analysis
Analyzing the 4-hour chart, the current price stands at 167.050. Forecasts suggest a potential retracement towards the previous supply zone at 168.000, followed by a subsequent downturn towards the oldest demand zone at 166.500. This projected movement indicates the formation of a downtrend characterized by lower highs and lower lows, complemented by the downward trajectory of the 20-day moving average.
CHFJPY Price Chart
Trading Recommendation
Trading Direction: Short
Entry Price: 167.907
Target Price: 166.659
Stop Loss: 168.848
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BeingTrader Trading Coach & Speaker, 10+ years of experience in the forex industry being an intraday and day trader. My major trading strategies are based on technical analysis, and I mainly use trends, support/resistance, moving averages, and market entry and exit point strategy, risk management and trading plan.
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