stock market
TheDogecoin price prediction 2025 in INR Hang Seng Index opened higher on Wednesday, initially dropping to a low of 18,739.6 points before rebounding and reaching a high of 18,932.18 points. The high and low of the day were reached before 10:36 am, with the index hovering around the 18,900 level in the morning session. In the afternoon, it softened to 18,850 levels but still maintained its bullish trend. The daily fluctuation was 192.58 points, with a trading volume of 83.848 billion yuan.
Recently, the National Development and Reform Commission, together with relevant departments, conducted in-depth research to understand the development of platform enterprises and compiled a batch of typical investment cases. Based on the research findings, platform enterprises have been continuously increasing their investment efforts in areas such as technological innovation and enabling the real economy. Meituan (3690) rose by 4.344%, making it the stock with the largest increase and a key driver for the positive performance of the Hang Seng Index.
The Hang Seng Index closed with a spinning top candlestick, rising just above the 10-day simple moving average (SMA) for the first time since July 6th. The bearish divergence of the MACD has further narrowed, suggesting a potential shift towards bullish divergence if the market continues to improve. However, there were 744 advancing stocks and 838 declining stocks throughout the day, indicating that the overall market conditions were not as strong as the index and slightly bearish in nature.
The US Consumer Price Index (CPI) rose by 0.2% on a monthly basis in June, below market expectations. The index increased by 3% on an annual basis, marking the smallest gain in over two years and also below market expectations. The core index, which excludes food and energy prices, increased by 0.2% on a monthly basis and by 4.8% on an annual basis, both lower than market expectations.
The Federal Reserve in its Beige Book stated that overall economic activity has slightly increased since late May, and there is a general expectation of continued slow growth in the overall economy over the next few months.
US inflation is slowing down, and investors anticipate that the Federal Reserve may end the rate-hiking cycle earlier. The three major US stock indices are performing well.
The night session and ADR are rising, indicating a positive trend for the Hang Seng Index. The 20-day simple moving average (approximately 19130) serves as a resistance level to watch. Additionally, mainland China will release trade data for June at 11 o'clock, which is expected to add uncertainty to the market situation.
