Moshai Daily Review: Tariffs Settled? Stablecoin Frenzy Hits, Hang Seng Breaks Through 24,000 Points Strongly!

Hello everyone, today the market $Hang Seng Index(00HSI.HK) finally ended its three-day losing streak and strongly broke through the 24,000 point mark. The market performed well across the board today, which I believe is mainly due to Trump's announcement before the market opened that he had issued new tariff rates for 14 countries and postponed the implementation date from July 9 to August 1. This news may have eliminated the uncertainty surrounding Trump's "reciprocal tariffs" that has been weighing on the market. Additionally, after noon, $GOLDSTREAM INV(01328.HK) announced that it had signed a memorandum of cooperation with AnchorX, which ignited the stablecoin-related concept stocks and boosted market sentiment. As a result, the market showed a strong rebound throughout the day, successfully reclaiming the key psychological barrier of 24,000 points and rising from start to finish. The market even briefly reclaimed the critical 10-day moving average at 24,157 points, reaching today's high of 24,159 points. Unfortunately, the 10-day moving average at 24,157 points was lost again, but the market still closed near the high at 24,148 points. Today's trading volume exceeded 200 billion yuan again, totaling 213.3 billion yuan, indicating renewed market activity and strong momentum. By the way, yesterday's market trend already showed signs of bottoming out, as it rebounded immediately after falling to around 23,700 points, proving that funds were willing to enter the market. Therefore, when today's market interpreted the tariffs as almost a done deal, the market reacted strongly and returned above the 24,000 point mark, also reclaiming the key support level of the 20-day moving average at 24,012 points and stabilizing.

The main reasons for today's high opening and strong performance, aside from the aforementioned positive factors, include the A-share $SSE Index(000001.SH) breaking through its previous high and setting a new yearly high of 3,499 points, just one point shy of the key resistance level at 3,500 points. Today's market rise was mainly led by blue-chip tech heavyweights $BABA-W(09988.HK) $TENCENT(00700.HK) $MEITUAN(03690.HK), all of which performed well. However, the best-performing blue-chip tech stock was $Kuaishou-W (01024.HK)$, followed by $Baidu Group-SW (09888.HK)$$Xiaomi Group-W (01810.HK)$, etc. Additionally, the photovoltaic sector was a leading sector today, with $Xinyi Solar (00968.HK)$ being the best-performing blue-chip stock. $Xinyi Glass (00868.HK)$ also saw significant gains today. Furthermore, Apple-related equipment stocks, including $Sunny Optical Technology (02382.HK)$$BYD Electronic (00285.HK)$, benefited from the positive tariff news.

Today's market focus was undoubtedly on the stablecoin-related brokerage sector, which surged collectively due to the strong stimulus from $Jinyong Investment (01328.HK)$, which rose over 5 times. The best performers among the brokers holding cryptocurrency licenses included $Guotai Junan International (01788.HK)$$Yiu Shing Financial (01428.HK)$$China Everbright (00165.HK)$, etc. Additionally, new consumer concept stocks also performed well collectively, including $Blue Moon (00325.HK)$$Lao Pu Gold (06181.HK)$$Pop Mart (09992.HK)$, with $Lao Pu Gold (06181.HK)$ being the strongest, hitting new highs. For investors bullish on the new domestic consumption sector, they may consider the ETF tracking the Solactive China Consumer Brands Index issued by GlobalX, $GX CN CONSUME(02806.HK). This ETF's components include leading consumer stocks listed in A-shares, Hong Kong stocks, and U.S. stocks, such as A-share leaders $Kweichow Moutai (600519.SH)$$Wuliangye (000858.SZ)$$Midea Group (000333.SZ)$, the hottest Hong Kong stock $Pop Mart (09992.HK)$, and the U.S. travel consumer leader $Trip.com(TCOM.US).

Finally, GlobalX has also issued high-dividend-related ETFs, including the ETF that pays high dividends twice a year, $GX HS HIGHDIV(03110.HK), with a yield of 6+%. Additionally, GlobalX has index-tracking covered call ETFs, such as the one tracking the Hang Seng Index, $A GX HSICC(03419.HK), the one tracking the H-share Index, $A GX HSCEICC(03416.HK), and the one tracking the Hang Seng Tech Index, $A GX HSTCC(03417.HK). The selling point of GlobalX's covered call ETFs is that they pay dividends monthly. However, since these ETFs enhance returns by selling call options and regularly distribute dividends to investors, the dividend yield is not guaranteed and mainly fluctuates with market volatility. Despite this, last year's dividend yield exceeded 10%, offering relatively high and stable returns, making these ETFs suitable for conservative investors focused on medium- to long-term income.

Summary

Today's market trend finally marked the first day of gains in the second half of the year, not only ending the three-day losing streak but also breaking through and stabilizing above the 24,000 point mark. If the market can break through the previous high of 24,533 points in the coming days, the consolidation after the previous rapid rise can be confirmed to have ended. Additionally, today's rise was driven by multiple sectors, allowing the market to return to the 24,000 point level. The market's new upward trend will undoubtedly target this year's high of 24,874 points.

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The above content is for personal sharing purposes only and is for reference only. It does not constitute any investment advice. Investment involves risks, and caution is required when entering the market.