Hong Kong Hang Seng Index hit a new low in 13 years, and the decline of Hong Kong Hang Seng Technology Monthly Index set a new record.
This new low performance in the Hong Kong stock market and a record performance have attracted high attention from the market.
From the perspective of Hong Kong Hang Seng Index, in September 2022, the Hong Kong Hang Seng Index fell by 13.69% in a single month, a drop of more than 13%.
This decline also created the largest single-month decline since September 2011.
Not only that, but the Hong Kong Hang Seng Index has set a new low in closing in 13 years.
Hong Kong Hang Seng Index showed a continuous decline, a continuous decline, and a continuous negative decline. The decline was relatively large.
Even in this case, from a purely technical point of view, the Hong Kong Hang Seng Index still presents a standard short arrangement .
Whether it is the medium-term moving average, the short-term moving average, and the long-term moving average all show a short arrangement.
technically staged lows still need time to be discovered, and even a continuous decline or a relatively large space is needed to find the bottom.
In the composition of the continuous decline of the Hong Kong Hang Seng Index, the Hong Kong Hang Seng Technology Index, which is closely related to the Hang Seng Index , has fallen even more.
The Hang Seng Technology Index fell by 19.27%.
created the largest monthly decline on record in Hong Kong's Hang Seng Technology Index.
To a certain extent, the sharp decline of the Hang Seng Technology Index has also affected the continuous decline of the Hong Kong Hang Seng Index to a certain extent, and has also lowered or effectively promoted an important factor in the continuous downward trend of the Hong Kong stock market.
Hong Kong Hang Seng Index has a record low of about 33484 points in 2018, falling to the current temporary low of 17222 points, with a decline of nearly 50%.
, and the Hong Kong Hang Seng Technology Index fell from around 11,000 points in 2021 to the current temporary low of around 3,450 points, with a decline of 68.6%.
In other words, the Hong Kong Hang Seng Index fell by nearly 50% in four years, while the Hong Kong Technology Index fell by 69% in two years.
, and the representative varieties of the Hong Kong Science and Technology Index also saw a sharp decline.
has a larger drop than the corresponding technology index.
For example, AAC Technology , which is listed in Hong Kong, has fallen from around 173.47 yuan to 12.28 yuan, with a decline of 93%.
In the Hong Kong Technology Index, the more famous representative varieties, such as Tencent Holdings, fell from 747 yuan to around 266 yuan, with a decline of as high as 64%.
At the same time, it still shows a short arrangement, which means that the phase of its decline is still not over.
Although during this decline, Tencent Holdings made multiple repurchases at around 300 yuan, and it was a large repurchase, it still did not prevent the continuous decline and the phased trend of continuous negative decline.
, such as Ali Health , its stock price fell 34.15 yuan to around 3.60 yuan, with a decline of up to 89%.
also suffered a decline for ten consecutive months during the decline. The current bottoming out process is still in progress, and it still has not ended its phased downward trend.
Even in this case, Alibaba Health still had a large short the previous trading day, with the amount reaching HK$1.425 billion.
The famous software company Kingsoft Software , its stock price fell to 78.82 yuan to the current 20.90 yuan, with a temporary decline of 73%.
Even in this case, it still has the possibility of a continuous decline and a continuous negative decline.
After a sharp drop in the stock price of Kingsoft Software, there were still short-selling transactions, with a relatively large number of short-selling, with the amount reaching HK$461 million.
As the Hang Seng Index continues to decline, the Hang Seng Technology Index has fallen even more.
Two important indices continue to set new lows in the phased process.
What do you think of this new situation and new environment in the market?
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