September 5th, the battle for 25,000. Narrow fluctuations are expected today. Chifeng Gold presents a good opportunity for replenishment. Meituan is worth watching.
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Yesterday, the Hong Kong and A-shares markets resonated, with the index opening high and closing low, barely holding at 25,000 points.
$Hang Seng Index(00HSI.HK) fell 1.12% to 25,058 points, opening 0.57% higher in the morning but then fluctuating downward, once dipping to 25,013 points during the session, and barely holding the 25,000-point integer mark with a slight rebound at the close. The daily turnover shrank compared to the previous day, indicating cautious market sentiment.
Today, there is a possibility of breaking below 25,000, with overall narrow fluctuations, closing flat or slightly higher.
$Hang Seng TECH Index(STECH.HK) fell 1.85% to 5,578.86 points, with tech stocks performing weaker.
Sector divergence: Defensive stocks were sought after, while tech and healthcare led the decline. On the market, sector performance was polarized, with funds significantly shifting toward defensive assets.
High-dividend assets were favored, $ABC(01288.HK) rose over 2%, $CEB BANK(06818.HK) rose over 1%.
$BABA-W(09988.HK) fell 3.21%, starting to fill the gap, waiting for around 120.
$TENCENT(00700.HK) fell 1%, with fluctuations expected around the 20-day moving average near 590, waiting for a better price.
$ZIJIN MINING(02899.HK)
$CHIFENG GOLD(06693.HK) saw a significant pullback in gold and gold stocks during the session, with U.S. gold closing with a long lower shadow. We suggested buying back Chifeng Gold around 26.7 in the afternoon, closing with a slight profit.
It is expected to open higher today and close with a small positive candle. If it reaches 27, buy decisively.
$MEITUAN(03690.HK) closed higher against the market, with the current price worth buying for a potential rebound. The current price is suitable for both short- and medium-term operations, with proper position management, it is worth active trading.
$CSOP UST20(03433.HK)
$iShares barclays 20+ Yr Treasury Bd(TLT.US)
$FI2 CSOP HSI(07500.HK)
$Proshares UltraPro Short QQQ ETF(SQQQ.US)
$S&P 500(.SPX.US)
$NASDAQ Composite Index(.IXIC.US)
$Dow Jones Industrial Average(.DJI.US)
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