<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/10/hong-kong-crypto-trading-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2560" height="1884" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/10/hong-kong-crypto-trading-scaled.jpg"/></p>
<p>恒生指数自今年三月以来一直横盘整理，尽管其全球同行如东证指数和纳斯达克 100 指数大幅上涨。该指数目前交易于 20,000 港元，过去几个月一直保持在这个价格水平。这一价格比 2022 年的最低点高出约 36%。</p>
<h2>香港股市遇到瓶颈</h2>
<p>恒生指数年初表现良好，投资者关注中国的强劲复苏。投资者普遍预期，随着中国重新开放边界并结束清零政策，经济将迎来 spectacular 的复苏。</p>
<p>然而，最近的数据表明情况并未如预期。正如我在这篇文章中所写，周二发布的数据表明经济表现不佳。工业生产同比增长 5.6%，低于 10.9% 的预期。</p>
<p>额外数据显示，尽管重新开放，青年失业率仍然上升。零售销售在四月份同比增长 18.4%。这一年度增长主要是由于去年四月国家处于封锁状态的低基数。</p>
<p>香港经济的复苏速度也低于预期。周五发布的数据揭示，经济同比增长 2.7%，得益于旅游和零售。政府预计今年经济将增长 3.5% 至 5.5%。</p>
<p>观看链接： https://www.youtube.com/embed/TRG0aD7-ppw?feature=oembed</p>
<p>今年恒生指数表现最佳的成分股是中国石油、中国石油化工和中国海洋石油。这些油气公司在油气价格回落的情况下表现良好。其他表现突出的公司包括中国联通和中国移动，这两家电信公司今年上涨超过 25%。</p>
<p>恒生指数的其他表现优秀的公司包括比亚迪、汇丰银行、中国神华能源和中信太平洋。另一方面，房地产公司如佳兆业、龙湖地产和恒隆地产则表现最差。阿里巴巴和美团等科技公司也出现下滑。</p>
<h2>恒生指数预测</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/hang-seng-index-1-1024x502.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="502" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/hang-seng-index-1-1024x502.png"/></p>
<p>HSI 图表来自 TradingView</p>
<p>4 小时图表显示，恒生指数在过去几天内一直横盘整理。该价格仍低于重要的阻力位 20,766 港元，即 4 月 24 日的最高点。它也在 25 期和 50 期指数移动平均线（EMA）附近整理。</p>
<p>相对强弱指数（RSI）略微高于中性点。因此，预计该指数在短期内将保持在这个区间内。如果价格突破关键阻力位 20,766 港元，将确认更多的上涨空间。</p>
<p>这篇文章最初发布在 Invezz 上，标题为《恒生指数下滑，能源股领涨，房地产股滞后》。</p>

中国石油股份

中国石油

中国海洋石油

中国海油

<p>恒生指数自三月以来稳定在 20,000 港元，尽管全球同行有所上涨。中国石油和中国海油等能源股表现良好，而房地产和科技公司则落后。香港经济复苏速度低于预期，同比增长 2.7%。该指数在 20,766 港元的阻力位下方整固，如果突破该水平，可能会有上涨潜力</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/10/hong-kong-crypto-trading-scaled.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2022/10/hong-kong-crypto-trading-scaled.jpg"/></p>
<p>The Hang Seng index has moved sideways since March this year even as its global peers like the Topix and the Nasdaq 100 indices jumped. The index was trading at H$20,000, where it has been in the past few months. This price is about 36% above the lowest point in 2022.</p>
<div class="lb-trans"><p>恒生指数自今年三月以来一直横盘整理，尽管其全球同行如东证指数和纳斯达克 100 指数大幅上涨。该指数目前交易于 20,000 港元，过去几个月一直保持在这个价格水平。这一价格比 2022 年的最低点高出约 36%。</p>
</div><h2>Hong Kong stocks hit a wall</h2>
<div class="lb-trans"><h2>香港股市遇到瓶颈</h2>
</div><p>The Hang Seng index started the year well as investors focused on the great China comeback. The expectation among investors was that China would have a spectacular comeback as it reopened its borders and ended the Covid-zero policies.</p>
<div class="lb-trans"><p>恒生指数年初表现良好，投资者关注中国的强劲复苏。投资者普遍预期，随着中国重新开放边界并结束清零政策，经济将迎来 spectacular 的复苏。</p>
</div><p>Recent data shows that the situation has not been as expected. As I wrote in this article <strong>,</strong> data published on Tuesday showed that the economy is not doing well. Industrial production jumped by 5.6% on a year-on-year basis, lower than the estimate of 10.9%.</p>
<div class="lb-trans"><p>然而，最近的数据表明情况并未如预期。正如我在这篇文章中所写，周二发布的数据表明经济表现不佳。工业生产同比增长 5.6%，低于 10.9% 的预期。</p>
</div><p>Additional data showed that youth unemployment rate jumped despite the reopening. Retail sales rose by 18.4% in April on a year-on-year basis. This annual increase was mostly because of a low base since the country was in a lockdown in April last year,</p>
<div class="lb-trans"><p>额外数据显示，尽管重新开放，青年失业率仍然上升。零售销售在四月份同比增长 18.4%。这一年度增长主要是由于去年四月国家处于封锁状态的低基数。</p>
</div><p>Hong Kong’s economy is also recovering at a slower pace than expected. Data published on Friday revealed that the economy expanded by 2.7% on a YoY basis, helped by tourism and retail. The government expects that the economy will expand by between 3.5% and 5.5% this year.</p>
<div class="lb-trans"><p>香港经济的复苏速度也低于预期。周五发布的数据揭示，经济同比增长 2.7%，得益于旅游和零售。政府预计今年经济将增长 3.5% 至 5.5%。</p>
</div><p>Watch here: https://www.youtube.com/embed/TRG0aD7-ppw?feature=oembed</p>
<div class="lb-trans"><p>观看链接： https://www.youtube.com/embed/TRG0aD7-ppw?feature=oembed</p>
</div><p>The best Hang Seng constituents this year are PetroChina, China Petroleum &amp; Chemicals and CNOOC. These oil and gas companies have done well even as the prices of oil and gas retreated this year. Other top performers in the index are China Unicom and China Mobile, which are telecommunication companies. The two have jumped by over 25% this year.</p>
<div class="lb-trans"><p>今年恒生指数表现最佳的成分股是中国石油、中国石油化工和中国海洋石油。这些油气公司在油气价格回落的情况下表现良好。其他表现突出的公司包括中国联通和中国移动，这两家电信公司今年上涨超过 25%。</p>
</div><p>The other top performers in the Hang Seng index are BYD, HSBC, China Shenhua Energy, and Citic Pacific. On the other hand, real estate companies like Country Carden, Longfor Properties, and Hang Lung have been the worst performers. Technology companies like Alibaba and Meituan have also slipped.</p>
<div class="lb-trans"><p>恒生指数的其他表现优秀的公司包括比亚迪、汇丰银行、中国神华能源和中信太平洋。另一方面，房地产公司如佳兆业、龙湖地产和恒隆地产则表现最差。阿里巴巴和美团等科技公司也出现下滑。</p>
</div><h2>Hang Seng index forecast</h2>
<div class="lb-trans"><h2>恒生指数预测</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/hang-seng-index-1-1024x502.png" alt="" original-src="https://invezz.com/wp-content/uploads/2023/05/hang-seng-index-1-1024x502.png"/></p>
<p>HSI chart by TradingView</p>
<div class="lb-trans"><p>HSI 图表来自 TradingView</p>
</div><p>The 4H chart shows that the Hang Seng index has moved sideways in the past few days. This price remains below the important resistance point at H$20,766, the highest point on April 24. It is also consolidating at the 25-period and 50-period exponential moving averages (EMA).</p>
<div class="lb-trans"><p>4 小时图表显示，恒生指数在过去几天内一直横盘整理。该价格仍低于重要的阻力位 20,766 港元，即 4 月 24 日的最高点。它也在 25 期和 50 期指数移动平均线（EMA）附近整理。</p>
</div><p>The Relative Strength Index (RSI) has moved slightly above the neutral point. Therefore, the index will likely remain in this range in the near term. More upside will be confirmed if the price moves above the key resistance at H$20,766.</p>
<div class="lb-trans"><p>相对强弱指数（RSI）略微高于中性点。因此，预计该指数在短期内将保持在这个区间内。如果价格突破关键阻力位 20,766 港元，将确认更多的上涨空间。</p>
</div><p>The post Hang Seng index slips as energy stocks lead, real estate lags appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章最初发布在 Invezz 上，标题为《恒生指数下滑，能源股领涨，房地产股滞后》。</p>
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恒生指数下滑，能源股领跌，而房地产板块表现不佳