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Hong Kong stocks opened higher and continued to rise, with the Hang Seng Index up more than 1% in the morning session and the Hang Seng Tech Index up 1.62%.On Monday, August 17, the Hang Seng Index opened 186.56 points higher, or 0.74%, at 25,303.41; the Hang Seng Tech Index opened 53.58 points higher, or 1.14%, at 4,761.2; the H-share Index opened 71.04 points higher, or 0.85%, at 8,411.87; and the Red Chip Index opened 18.92 points higher, or 0.46%, at 4,151.61.Hong Kong stocks opened higher, with the Hang Seng Index up 0.74% and the Tech Index up 1.14%. Gold and chip stocks generally rose. SenseTime (00020.HK) jumped over 7%, while Zijin Mining International (02259.HK) and JD.com (09618.HK) rose over 3%.Hang Seng Index futures opened 0.79% higher at 25,291 points, a premium of 174 points.August 17th - It is reported that the implementation plan for this years new policy-based financial instruments has recently been issued to local governments, who will then submit project applications accordingly. Unlike last year, this year the government will provide interest subsidies for eligible funds from these new policy-based financial instruments; in terms of investment allocation, it will emphasize key support for private investment and industrial projects. By 2025, policy-based financial instruments will primarily invest in the digital economy, artificial intelligence, consumer infrastructure, and urban renewal areas such as transportation, energy, and underground pipeline construction and renovation. This year, the allocation of new policy-based financial instruments has been further optimized, with a greater emphasis on supporting private investment projects and industrial projects.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

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Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.

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