On Monday, the Dow recorded its tenth consecutive trading day of gains. The market’s focus this week is on the three major central bank interest rate decisions, key economic data, and the earnings reports of three tech giants. 

The Federal Reserve will conclude its meeting on Wednesday, followed by the European Central Bank, and the Bank of Japan on Friday, along with many heavyweight companies’ earnings releases. The market will closely watch the outlook from Fed Chairman Powell and ECB President Lagarde. 

U.S. Stocks 

Fundamental Analysis: 

Boosted by rising oil prices, the energy stocks led the gains, with the energy sector surging over 2%. Crude oil futures hit a three-month high on Monday. 

Tesla, with the highest trading volume of the day, rose by 3.48%, amounting to a trading volume of $35.803 billion. There is news that Tesla’s representatives will meet with the Indian Minister of Commerce this month to discuss plans to build a factory in the country, producing a new car model valued at $24,000. 

Technical Analysis:    

(S&P 500 Index, 1-day chart) 

Market Trends: 

• The Dow Jones Industrial Average (Dow) increased by 188.55 points, or 0.52%, closing at 35,411.24 points. 
• The Nasdaq Composite (Nasdaq) rose by 26.06 points, or 0.19%, closing at 14,058 points. 
• The S&P 500 index gained 18.30 points, or 0.40%, closing at 4,554.64 points. 
  
  

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stocks rebounded strongly, with the Hang Seng Tech Index leading the way, surging over 4%.  

Technology stocks performed well, with heavyweight tech companies posting significant gains.  

Kuaishou Technology (1024.HK) rose over 7%, Baidu, Inc. (9888.HK) and JD.com, Inc. (9618.HK) rose over 6%, while Meituan (3690.HK), Alibaba Group Holding Limited (9988.HK), Tencent Holdings Limited (0700.HK), and Xiaomi Corporation (1810.HK) all experienced gains.  

Real estate and property management stocks, which declined yesterday, rebounded strongly, with Country Garden Services Holdings Company Limited (6098.HK) and Longfor Group Holdings Limited (0960.HK) both rising over 20%. 

The finance sector also saw broad gains. The Central Political Bureau of the Communist Party of China emphasized expanding domestic demand, resulting in strong performances from catering, sports equipment, automotive, and home appliance stocks.  

Conversely, the power sector experienced noticeable declines, with China Power International Development Limited (2380.HK) and China Huaneng Group both falling by 5%. 

Technical Analysis: 

(Hang Seng Index, 1-day chart) 

Market Trends: 

• The Hang Seng Index rose by 3.16%, gaining nearly 600 points, closing at 19,258.66 points. 
• The Hang Seng Tech Index surged by 4.61%. 
• The Hang Seng China Enterprises Index increased by 4.05%. 
  
  

FTSE China A50 Index 

Fundamental Analysis: 

Today, the three major A-share indices opened more than 1% higher, and the market continued to rise after the opening, with the Shenzhen Component Index leading the way, surging by 2%.  

The trading volume in both Shanghai and Shenzhen increased, and Northbound funds showed a significant net buying trend. The total trading volume in the two markets reached 6,046.32 billion yuan, and Northbound funds net bought 15.335 billion yuan.  

47 stocks in the two markets reached the daily limit (including ST stocks), while 1 stock hit the daily limit down. 

Regarding industry performance, insurance, real estate services, automotive manufacturing, securities, construction materials, and real estate development were among the top gainers, while the power industry, traditional Chinese medicine, and pharmaceutical retailing experienced a few declines.  

In terms of themes, automotive integrated casting, brokerage concepts, assembly construction, building energy efficiency, wheel motors, liquor, and AIGC concepts showed active performance. 

Technical Analysis: 

(SSE Composite Index, 1-day chart) 

Market Trends: 

• The Shanghai Composite Index rose by 1.89%, closing at 3,223.89 points. 
• The Shenzhen Component Index surged by 2.28%, closing at 10,993.31 points. 
• The ChiNext Index increased by 1.88%, closing at 2,187.26 points. 
• The STAR 50 Index rose by 1.16%, closing at 961.54 points. 
  
  

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