Hong Kong Financial News

Sino Land should be a focus stock tomorrow because of the surprisingly good sale of its latest project in Olympic Station – The Hermitage. This sale is particularly symbolic as this is the first major “sale before finishing” after the government announced more regulations for primary real estate sale.

According to today’s Apple Daily (June 26), there were a few groups of mainland investors snapping up a few units each. But most of the sales are by real users as around 80% of the buyers chose to start mortgage immediately to receive the 5% discount from the developer.

I never thought Olympic Station could go above $10000 per square foot. Seems like real estate in prime location still has very high demand.

Do keep an eye on this stock tomorrow!

June 27th, 2010 | Tags: 0083, Olympic Station, Sino Land, The Hermitage | Category: Uncategorized | Leave a comment

HSI continues to rise, even though the total volume is still below HK$50 billion and it is only a meagre 76 points.

What it seems like is that HSI is getting pulled higher every morning by markets in Europe and in the US. After this pull up, there was just little interest in buying or selling shares.

With the HSI up seven days in a row, statistically speaking, there should be a high chance for the index to go down.

June 17th, 2010 | Tags: HSI, June 17th 2010 | Category: Uncategorized | Leave a comment

Today’s HSI closed at 20051, up 179 pts.

However, volume today was at super low level, at HKD 37.9 billion dollars. Trading range was only 80 points. It would make dealers falling asleep very quickly during the day. And with world cup matches happening during mid nights, how many dealers are actually awake during trading hours?

Maybe a lot of traders are on strike these days… for european traders, the world cup matches are probably more important to them than stocks. world cup only happens every four years, but you can trade stocks every day! for asian traders, they are very likely sleepy coming to office every morning. and soccer is actually getting more popular in nyc with the 1-1 draw between USA and England. And thank God the matches happen during east coast office hours!

People are too busy watching the world cup and don’t have time to initiate any attack against the Euro, the high unemployment rate, or the inefficient ECB.

June 14th, 2010 | Tags: 14 June 2010, world cup effect on stock market | Category: Uncategorized | Leave a comment

Europe’s Debt Crisis. China’s clamp down on real estate. And lastly there is a faulty trade in the US which brought the Dow 1000 points at one point.
However, the HSI seems to have recovered quite a bit from today’s low opening already. Sentiment remains weak. However, we are seeing gradually that more people are going long in this market. The big drops in yesterday’s afternoon and in today’s opening both were recovered quickly.

I still think it’s good buying opportunity below 20000 for HSI. Good luck trading in this turbulent market!

May 7th, 2010 | Tags: hong kong stock market, HSI, May 7th 2010 | Category: Uncategorized | Comments (4)

It seems like the world is slowly returning to normal, with Europe and America both down a little bit.

Asia is still weak with Japan and S Korea back in action from holiday.

It seems like the HSI has good support at around the 20100-20200 level.

Action plan for the day:

I believe there won’t be much action today… let’s see if Europe will open up later today. If it actually opens up, I will buy some HSI bull certs in the last hour of trading.

May 6th, 2010 | Tags: America, Asia, Europe, HSI, May 6th 2010, Stock Market | Category: Uncategorized | Comments (2)

I am changing the focus of this blog… Now this blog will document my thinking, my views and my trades in the Hong Kong Stock Market. I hope this will help me become a better a trader and make more money in the stock market!

You probably will see a new color theme, a new title… and brand new remake of this site soon!

May 5th, 2010 | Tags: hkfinancialnews.com | Category: Uncategorized | Leave a comment

What a day. The HSI opened down 380 points, breaking all the major moving average lines, including the 250 day MA line. Surprisingly, the Shanghai index reversed its drop after lunch and ended up gaining 0.77%. The HSI followed its Shanghai peer, reducing its drop to around 250 points. However, this only lasted for half hour and the index continued to drop and closed at 20328 (down 2.1% – 436 points).

Action for the day

The bull certs bought yesterday were bought at around 20700… Eventually the HSI will go back up, but I just hope that the index will not drop below 19900 – the callable level of my bull certs. If the HSI drops further tomorrow, I may need to roll this bull cert to another one with a lower callable level.

Bought another set of bull cert right before lunch today. I was surprised at the sudden rise in the Shanghai market during lunch so I sold this bull certs shortly after the market reopened after lunch. This is pure luck that the HSI dropped again right after I sold the certs. Lucky me!

It seems like the market will continue to be weak. I guess if Europe and the US stop dropping in today’s trading then the HSI will have some support at this current level tomorrow. Otherwise, I think that it can drop down to 20000 easily.

I wondered why the index suddenly dropped after 3pm, not following through the big jump from the Shanghai market. Is it because they saw Europe was down again at open, and that’s why everyone starts selling again? I haven’t seen Europe played such a big influence on the HK market, but probably this time it is different because it is a Europe crisis.

May 5th, 2010 | Tags: 250 day moving average, Bull Certificates, Bull Certs, crisis, Europe, hong kong stock market, HSI, Shanghai Stock Market | Category: Uncategorized | Leave a comment

Just found out today that many parts of this blog are broken. So I just upgraded it to the latest version of wordpress.

If anyone did try to comment on my posts, sorry about it! The problem is now fixed!

May 5th, 2010 | Category: Uncategorized | Leave a comment

People in Hong Kong will soon have a much better online platform to trade Hong Kong stocks as E*Trade Hong Kong is rolling out its stock trading platform. The online trading platforms that other brokerages in Hong Kong have are just plain pathetic.

On the other hand, if you are in the U.S. and want to start trading in the Hong Kong stock market, you can also use E-trade too. You can open a global account in E*trade where you can trade equities in Canada, France, Germany, Hong Kong, Japan and the UK.

January 16th, 2009 | Tags: etrade, Hong Kong | Category: Uncategorized | Comments (3)