STOCKS | Hong Kong Stock Market Faces Uncertainty Amid U.S. Influence

The Hong Kong stock market experienced a downturn on the first trading day of the Year of the Horse, influenced by the performance of U.S. stocks. According to Ming Pao, the market saw a predominance of bull certificates, accounting for 77% of the street goods, with the remainder being bear certificates. Investors are advised to exercise caution regarding potential 'bull killing.' Kwok Si-chi, Vice Chairman of the Hong Kong Stock Analysts Association, noted that while the market shows some volatility, the trend for this month is expected to start low and rise later. The Hang Seng Index has already fallen below the 20-day and 10-day moving averages, indicating an uncertain technical trend.