On July 21, after three consecutive days of decline in Hong Kong shares, the Hang Seng Index closed at 19075.26, up 147.24 points, or 0.78%, with a total daily turnover of 76.623 billion Hong Kong dollars. On the same day, the state-owned enterprise index closed at 6415.02 points, up 50.9 points or 0.8%. The Hang Seng Technology Index closed at 4104.36 points, up 40.62 points, or 1.0%. Li Xiaochong, assistant vice president of Fosun International Securities Research Department under Fosun Wealth, said in an interview with China News Service that the low point of the Hang Seng Index's fluctuation range had moved up this week, the lowest point was 18417 last week, and the lowest point was 18711 this week. He thought this was an indication of the gradual increase in market confidence. Li Xiaochong pointed out that, especially after the stability of the RMB exchange rate, the performance of Hong Kong stocks has also improved. He suggested that investors continue to observe economic data as a consideration factor for whether to increase their holdings in the future. Ye Zeheng, an analyst in the securities business department of Industrial and Commercial Bank of China (Asia), believes that due to the impact of the rebound in the US dollar, mainland China's economic data for June showed stable growth, but the rebound momentum remains to be observed. Looking ahead to the big city, Ye Zeheng said that the Hang Seng Index is currently above 10 days and 20 antennas, and believes that the short-term level of 18800 points will be supported. However, due to the fact that the 50 day, 200 day, and 250 day antennas are all around 19400, it is also difficult to make a short-term upward breakthrough. In addition, Ye Zeheng pointed out that the global market's focus next week is on the Federal Reserve's announcement of interest rate negotiations, and the market estimates that the United States will raise interest rates by another 0.25%. In this regard, Eddie Yue, President of the Hong Kong Monetary Authority, responded earlier that day that the recent rise in Hong Kong dollar interest rates reflects the market's expectation that the United States may raise interest rates next week, and once the United States raises interest rates, Hong Kong interest rates will naturally follow, and the current situation may be faster to catch up with US interest rates. (New News Agency)
Edit：XiaoWanNing Responsible editor：YingLing
Source：China News Network
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