--- title: "Will this week's Sino-US leaders' summit help the Hang Seng Index go even higher?" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40612188.md" description: "Hong Kong stocks continued to fluctuate sideways last week, with a thousand-point range between 26,600 and 25,500 from April 8th to now, lasting a month. Despite the turbulence in overseas markets, Hong Kong stocks ignored it and showed no signs of catching up on the laggards or rotating. The dominance of northbound capital has become established, and the trend of becoming more like A-shares is increasingly evident. This week's focus is on the leaders' summit, which may provide a theme for a rebound in Hong Kong stocks. We'll wait and see if this optimistic wish materializes. The downside for the Hang Seng Index appears limited, with strong support below 25,800. If there are no negative shocks and this level holds as a bottom, the index could make another push higher this month. However, attention should be paid to whether the Hantaan (virus) outside the Middle East becomes a new focus. Hong Kong stocks are sensitive to every whisper, and their fundamentals are far less solid than those of US stocks..." datetime: "2026-05-11T03:29:05.000Z" locales: - [en](https://longbridge.com/en/topics/40612188.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40612188.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40612188.md) author: "[期权六艺](https://longbridge.com/en/profiles/25852913.md)" --- # Will this week's Sino-US leaders' summit help the Hang Seng Index go even higher? The Hong Kong stock market continued to move sideways last week, with a 1,000-point fluctuation range between 26,600 and 25,500 from April 8th to now, lasting a month. While global markets are volatile, Hong Kong stocks ignored it, showing no signs of catching up with laggards or sector rotation. The dominance of northbound capital has formed, and the market is becoming increasingly A-share-like. This week's focus is on the leaders' summit, which may provide a theme for a rebound in Hong Kong stocks. We'll wait and see if this optimistic wish comes true. The downside potential for the Hang Seng Index is limited, with strong support below 25,800. If there are no negative shocks and the index uses this as its bottom, it could make another push this month. However, attention should be paid to whether Hantaan (outside the Middle East) becomes a new focus. Hong Kong stocks are sensitive to every rumor, and their foundation is far less solid than that of US stocks. The concentrated area for Hang Seng Index bull and bear certificates starts from 26,700 upwards; a daily gain of 500 points is needed to reach it, which traders are well aware of and cautious about. Bull certificates are close to the downside, and a drop of a few hundred points to 25,500 could yield substantial profits. It's not easy to judge the market trend within the week, as it's stuck in a sideways range. Looking at the Nasdaq's upward trend, QQQ call options on Friday showed a 5-point interval with only a few out-of-the-money strike prices. The exchange's new option price levels are not timely enough when prices rise too fast. The Hang Seng Index weekly straddle/strangle positions were closed flat around 26,500 last Thursday, avoiding becoming a weekly option. Holding positions until Friday meant the option premium had returned to its original value. Exiting weekly options before settlement is traditional wisdom. This week's straddle/strangle entry targets are the same as last week's at 26,800/25,600, with a cost slightly below 20 points. The impact of option premium decay and erosion is negligible at such low cost. When a major problem has no solution, it's best to simplify and avoid it. The straddle/strangle strategy also follows the famous saying: "Fight if you can win, retreat if you can't, preserve your strength." Options are strategic trades, not direct confrontations like futures. In the second half of last year, there were 41 consecutive weeks with 29 wins, 6 draws, and 6 losses. From March to now, there have been 5 weeks with 3 wins, 1 draw, and 1 loss, with no significant win rate. The 5x jump in the first week of April was a highlight. Both making judgments and not taking sides are part of trading. Which one can last longer? Everyone needs a method that suits them.$Hang Seng Index(00HSI.HK) $Invesco QQQ Trust(QQQ.US) ### Related Stocks - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) ## Comments (7) - **风一样自由 · 2026-05-11T06:06:52.000Z · 👍 1**: Learned something, looking forward to your Friday review. 🫡 - **期权六艺** (2026-05-11T06:28:38.000Z): 之前的专栏，每周一或周五都有双买复盘，如果对双买有兴趣，也可以去 b 站上有我的视频，讲解双买策略的。 - **一侧 · 2026-05-11T06:06:25.000Z · 👍 1**: This week, let's see if the leaders' summit can provide a thematic catalyst; otherwise, the market will continue to grind. - **袋鼠 · 2026-05-11T06:05:25.000Z · 👍 1**: You mentioned the dense area of bear warrants at 25500. Does that mean if it really falls below 26000, it will trigger a chain reaction? I'd like to hear your thoughts on the defensive position. - **期权六艺** (2026-05-11T06:26:45.000Z): If the 26000 level breaks, there is a chance to target the Hang Seng Index callable bull/bear contracts (CBBCs) on the downside, with 25800-25600 likely being the support level. - **旧粮仓 · 2026-05-11T06:04:51.000Z · 👍 1**: I'd like to ask, if the cost of a straddle can be pushed below 20 points this week, should I build the position in batches or wait until the market opens on Monday to enter all at once? - **期权六艺** (2026-05-11T06:25:12.000Z): You can open a position on Friday or Monday, all at once.