On August 14, 2025, the Hang Seng Index surged and then retreated. How far can the Hong Kong stock market go during the earnings season?

$Hang Seng Index(800000.HK)$ Today, after the highs reached in November 2021, $Hang Seng TECH Index(800700.HK)$ It also rose and fell, closer to 1%. $TENCENT(00700.HK)$ Performance is better than expected by the market, and with a dynamic core business performance, there are no more likely benefits in $Meta Platforms(META.US)$ The results have been reflected in the share price, and the share price has fallen after today's highs, but there is no stopping the pattern of attempting highs.

(*And the methodology is similar to AI application on social platforms, games or advertising to help build a core business on social platforms, the share price is down by about 10% from $533 to $586 per day after the meta-performance.

However, the performance of Hong Kong stocks is not all that good. $KINGDEE INT'L(00268.HK)$ and $LENOVO GROUP(00992.HK)$ Share price pressure after share price shows that the market has a larger share ring in relation to Cloud Business, e.g. $GDS-SW(09698.HK)$ und $KINGSOFT CLOUD(03896.HK)$ It was also a racing major during this time. In terms of short-term market performance, Hong Kong stocks were not fully bullish, even as the index hit a 52-week high, but the picture of “hype is not a market” was unchanged.

Domestic insurance stocks, which have been strong since the second quarter of this year, still have many more 52-week or all-time highs today, such as $CPIC(02601.HK)$ $CHINA LIFE(02628.HK)$ $NCI(01336.HK)$ $PING AN(02318.HK)$ $PICC GROUP(01339.HK)$ And so on. For many investors, the current mood in Hong Kong stocks is awkward, and it is hard to tell whether it is good or bad for many investors.

If the simplest method is directly effective, it can be seen from the representation of the payout amount. From the following six months, as of August 14, the average daily earnings of the capital remained at more than 200 billion, an improvement from the second quarter. Beyond that, the IPO market has maintained an unsatisfactory performance in individual sectors and equities, reflecting the volatility of Hong Kong's stock futures.

Angular analysis of technology trends

The most traditional technique of angle analysis is not based on the daily and circumferential charts. After the trough of the market, it remains in a straight line above the wave, immediately rising above the adjusted trough. The following is the representation of the Hang Seng Index and the Sun chart:

This trend supports the analysis of Hong Kong stocks in the bull market's first rally. The trend of the Hang Seng TECH Index is the same size.

Using the two indicators shown above, the trend is not expected to end on the wave after the day's high and low. As far as technical analysis is concerned, today's two are just a high profile, with no special Indicators. Currently, from a technical analysis, it is important that this bullish pattern holds up. The Hang Seng Index can refer to the weekly low 24800 and the upper circle low 24370 points to the left, both of which are not expected to peak while not falling. In the same place, the support locations for the science index see 5400 points and 5350 points.

Sector Equity or Cash Flow Analysis

Hong Kong stocks have been showing a similar trend in the bull market. This is a common scenario in the early days of the Hang Seng Index, whether it is the Hang Seng Index's short-term outperformance, or the stock market is gaining in value. While bull markets are characterized by an upswing and a rally in the short term, the same market confidence remains weak, and after experiencing a momentum-long storm before, the confidence is reluctant to resolve.

For example, such as the recent precipitous fall $KUAISHOU-W(01024.HK)$ , the share price plunged 9% on August 12, mainly due to market outflows and US cooperation takeout results. But on the record, the two companies began working together in 2021, and the market is still more sensitive to the launch of an independent gateway. A short-term drop in the stock price is not necessarily a reflection of the above news, it is only possible that the pre-performance share price will be rushed to deploy other stocks due to the expectation that the selling pressure from Kaling AI will lead to a profit return. The same logic applies in $XIAOMI-W(01810.HK)$ On the other hand, the news about the upcoming sale of mobile phones shows a reversal. However, for the stocks trend of the two companies listed above, it is the medium-term results that will be announced soon, and the market is more focused on the performance of companies that are paying attention to growth, such as Kuaishou's Coolable AI or Xiaomi Cars Business Business Appearance.

In the analysis of the flow of funds, the appearance of Near South Down Money (aka North Water) is the focus of the market. From the perspective of Futubull's APP, the HKD share price was buoyed upwards in August 13, while the net outflow situation seen in the Northern Water market mirrored that of the uplift index and was not just domestic funds. All of these Topics directly on the North Water Inflow can be a controversial topic, according to the corresponding details of the share price of the Kitai Shui Hong Kong Stock Exchange.

However, it should be confirmed that Beishui certainly had a positive effect on the narrowing of the spread on AH shares.

In the second round of investment seminars and CSOP cooperation, the connection between North Water and Foreign Affairs was highlighted, from the above chart, to fill the gap in funds directly relative to Outflows starting in 2022. Since the beginning of 2025, the net inflow of funds towards the south has exceeded the foreign net outflow, which is another reason for the improvement in capital gains.

Externally, the above chart is only a long-term trend, but in a bull market on this wheel, it seems that the indicator rises a lot of the time in the cluster in a short period of time, and the situation that occurs for a long time in this short period is a short outflow trend. Since most of the time foreign exchange is attributed to the long line financial configuration, many times the increase in indicators is necessary on the online basis, such as the large scale policy in the Mainland in September and DeepSeek's commitment to the Technology Industry at the beginning of this year. Until the last stage, the market is looking forward to a wider decline. At the beginning of the return of interest rates from the Top Reversal, Hong Kong's investment values will become more subdued, the Hong-led PE and dividend ratios are lower against the global equity market, the lower interest rate environment will help the Hong Kong stocks to build greater, lower the earnings data The cycle is expected to lead to the continuation of the trend in the USD and the RMB to recover.

Take a look at the Bull App, Markets->US Stocks->Selected Macro Data->Fed Rate Forecast Probability

As shown by the Federal Reserve's interest rate forecast data, the market is starting to sound even a hint of a 0.5 cm cut at the next meeting, although the current odds are extremely low, the US economic data for late August and non-farm data in early September will be key factors in the near-term and near term rate decline. As for the last interest-rate meeting at the end of the year, the chance of a 75 pip reduction in the interest rate for the year is gradually increasing, and at the close of the deadline it has risen to 56.7%.

How far can Hong Kong stocks go?

The performance of the blue line during this period will be key, since the overall profit growth can remain on track for more than a year, an upward revision is not possible. Currently, the forecast for cooling is to increase by two standard deviations to the 10-year average, about 13 times the level of the city's average of about 28400 points. To raise to this level, the upcoming rollback and policy changes to the supply side 2.0 are necessary, and hedging stability is an important component of the upward correction of the indicator value.

In order to further stress this level of valuation, it is likely that a trade agreement will be accompanied by significant good news, or there will be a great deal of stress on the technical level of AI and Technology (e.g. the emergence of DeepSeek at the beginning of the year).

Although conditions continue to be Bullish, sector and stock trading in the short term are poor in terms of spread policy and news. For example, today's maximum-boosted blue chip $LI NING(02331.HK)$ , Stock prices are under stress today, but the issues of potential and value ratios are currently being followed, and it is not easy to understand the current state of affairs of each stock.

Among sporting goods, $ANTA SPORTS(02020.HK)$ The share price rally is close to the outperformance of Li Ning, but in the same technical turmoil, the operations of all stocks may be suitable for investors with deep knowledge or use technical analysis and fundamental factors to analyze and distribute risk reports, and short lines are good for line investments.

Some of the key stocks that have been raised and passed by patients this year, such as Medical AI's Crystal $XTALPI(02228.HK)$ 、Robot concept $HORIZONROBOT-W(09660.HK)$ 、Medicinal $INNOVENT BIO(01801.HK)$ , With these risks and market changes, investors are encouraged to use the multi-functional Futubull AI assistance.

Finally, for an investment rethink, using ETFs to track indicators and individual Sectors or investment themes is a foolproof way. Examples of related ETFs

Hang Seng Index: $TRACKER FUND OF HONG KONG(02800.HK)$ $CSOP HANG SENG INDEX ETF(03037.HK)$ $iShares Core Hang Seng Index ETF(03115.HK)$

Hang Seng TECH Index: $CSOP Hang Seng TECH Index ETF(03033.HK)$ $iShares Hang Seng TECH ETF(03067.HK)$ $ChinaAMC Hang Seng TECH Index ETF(03088.HK)$ $Global X Hang Seng TECH ETF(02837.HK)$ $CMS Hang Seng Tech Index ETF(03423.HK)$

High Yield Shares: $Hang Seng High Dividend 30 Index ETF(03466.HK)$ $Bosera Soes High Div Yield Index ETF(03437.HK)$ $Global X Hang Seng High Dividend Yield ETF(03110.HK)$ 3466 3437 3110

Medical Plate Block Sector: $CSOP China Healthcare Disruption Index ETF(03174.HK)$ $Global X China MedTech ETF(02841.HK)$ $ChinaAMC Hang Seng Biotech ETF(03069.HK)$