Recently, the Hang Seng Index reached ten consecutive highs, setting a record for the longest continuous increase since 2018. After being scolded for 3 years, the Hong Kong stock market finally raised its eyebrows and sighed again!
The week before the May Day holiday (April 22 to April 26,), the Hang Seng Index surged 13.43%, the biggest weekly increase since October 2011.
During the May Day holiday period (May 2 to May 3), Hong Kong stocks continued to rise in the absence of southbound capital. Among them, Hang Seng Technology surged 7.31%, while Hang Seng Index and Hang Seng State-owned Enterprises rose 4.01% and 4.36% respectively.
Starting from a low point within the year, the cumulative increases of the Hang Seng Index, Hang Seng State-owned Enterprises, and Hang Seng Technology reached 24.18%, 31.40%, and 33.33% respectively, all entering a technical bull market (data as of May 6).
The rate of increase is faster than most people can imagine. Some friends are thrilled to watch others make money; of course, “Gaihai Disciples” (people who bought China Internet) are even more excited. Is the unbundling really promising?
What actually happened to Hong Kong stocks? Has this rise actually been reversed, or is it just a rebound in the process of falling?
People who know about the capital market must know that as an international market, the pricing of Hong Kong stocks is not only influenced by domestic fundamentals, but also has a lot to do with domestic and foreign capital.
1. Strong domestic and foreign capital
Since this year, southbound capital has accelerated markedly, which is an important reason why the Hong Kong stock market began to strengthen during the same period.
According to Wind data, as of April 30, this year...

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most of the time i will just sit out as the stock prices are just too volatile.

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