At the beginning of this week, the Hong Kong dollar exchange rate strengthened, indicating continued inflow of foreign capital into the Hong Kong stock market. Additionally, the foreign brokerage firm Morgan Stanley forecasted that the Hang Seng Index will optimistically rise to 22,500 by the middle of next year. The Hang Seng Index briefly rose to 19,706, but the Dow Jones Index, after briefly surpassing 40,000 points, retreated by nearly 1,000 points. Although Nvidia stock crossed the $1,000 mark, the overall retreat of US stocks dragged down the Hong Kong market, which fell back to the 20-day moving average of 18,583, the initial support for the short term
Next week, the settlement of the index futures contract is expected to have a support level around 18,280 (the low in early May), with resistance at 19,150.
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