U.S. Stocks
Fundamental Analysis:
Volatility continued to dominate global markets as markets assessed geopolitical developments, with the U.S. stocks failing to hold on to the 1 percent gains seen earlier in the session.
Oil fell below $100 per barrel intraday, while the 10-year U.S. bond yields hit its highest level since 2019.
Expectations of a new round of talks between Russia and Ukraine pushed stocks higher in early trading, but the rally then faded, with the S&P 500 in a death cross. The Nasdaq 100 closed in bear market territory for the first time since March 2020, and the index has fallen more than 20 percent from its peak.
The market has raised their expectations for the Fed’s policy tightening this year, which once reflected seven standard rate hikes this year on Monday (14th March 2022).
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 32455-line today. If the Dow runs stably above the 32455-line, it will pay attention to the suppression strength of the 33233 and 33584 positions. If the Dow breaks below the 32455-line, it will pay attention to the support of the 32083-line.
Hong Kong Stocks
Fundamental Analysis:
China stocks plunged continuously as the selling wave continued. Hong Kong stocks plunged again, with the Hang Seng Index (HSI) falling 3.07% below the 19,000-mark. The Hang Seng China Enterprises Index (HSCEI) fell by 3.94%, while the Hang Seng TECH Index (HSTECH) fell by 5.54% again to refresh the low price.
On the market, large technology stocks Alibaba Group Holding Limited (9988.HK), and Tencent Holdings Limited (0700.HK) fell more than 8%. At the same time, Kuaishou Technology (1024.HK), Meituan (3690.HK) fell more than 7.5%, and JD.com, Inc. (9618.HK), NetEase, Inc. (9999.HK), etc. are down.
Automotive sector continued to decline, with Li Auto Inc. (2015.HK), BYD Company Limited (1211.HK) falling sharply.
Yesterday, the country added 3507 confirmed cases, which has led to a decline in sectors stocks including F&B, film and entertainment, airline, beer, and gambling.
Simultaneously, semiconductor stocks, photovoltaic stocks, insurance stocks, pork concept stocks, gas stocks, and power stocks also fell.
On the other hand, Chinese medicine stocks rose against the trend, with Sinopharm Group Co., Ltd. (1099.HK) and Luye Pharma Group Ltd. (2186.HK) opening higher, while shipping stocks and most Hong Kong banking stocks rose.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 18606-line today. If HK50 can run stably above the 18606-line, then pay attention to the suppression of the 19517 and 20467 positions. If the HK50 runs below the 18606-line, then pay attention to the support of the 17535-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 is paying attention to the 13371-line today. If the A50 runs steadily above the 13371-line, then pay attention to the suppression strength of the 13983 and 14669 positions. If the A50 runs below the 13371-line, it will open up further downside trend. At that time, pay attention to the support of the 12791-line.
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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.
