<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>恒生指數自今年三月以來一直橫盤整理，儘管其全球同行如東證指數和納斯達克 100 指數大幅上漲。該指數目前交易於 20,000 港元，過去幾個月一直保持在這個價格水平。這一價格比 2022 年的最低點高出約 36%。</p>
<h2>香港股市遇到瓶頸</h2>
<p>恒生指數年初表現良好，投資者關注中國的強勁復甦。投資者普遍預期，隨着中國重新開放邊界並結束清零政策，經濟將迎來 spectacular 的復甦。</p>
<p>然而，最近的數據表明情況並未如預期。正如我在這篇文章中所寫，週二發佈的數據表明經濟表現不佳。工業生產同比增長 5.6%，低於 10.9% 的預期。</p>
<p>額外數據顯示，儘管重新開放，青年失業率仍然上升。零售銷售在四月份同比增長 18.4%。這一年度增長主要是由於去年四月國家處於封鎖狀態的低基數。</p>
<p>香港經濟的復甦速度也低於預期。週五發佈的數據揭示，經濟同比增長 2.7%，得益於旅遊和零售。政府預計今年經濟將增長 3.5% 至 5.5%。</p>
<p>觀看鏈接： https://www.youtube.com/embed/TRG0aD7-ppw?feature=oembed</p>
<p>今年恒生指數表現最佳的成分股是中國石油、中國石油化工和中國海洋石油。這些油氣公司在油氣價格回落的情況下表現良好。其他表現突出的公司包括中國聯通和中國移動，這兩家電信公司今年上漲超過 25%。</p>
<p>恒生指數的其他表現優秀的公司包括比亞迪、滙豐銀行、中國神華能源和中信太平洋。另一方面，房地產公司如佳兆業、龍湖地產和恆隆地產則表現最差。阿里巴巴和美團等科技公司也出現下滑。</p>
<h2>恒生指數預測</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 圖表來自 TradingView</p>
<p>4 小時圖表顯示，恒生指數在過去幾天內一直橫盤整理。該價格仍低於重要的阻力位 20,766 港元，即 4 月 24 日的最高點。它也在 25 期和 50 期指數移動平均線（EMA）附近整理。</p>
<p>相對強弱指數（RSI）略微高於中性點。因此，預計該指數在短期內將保持在這個區間內。如果價格突破關鍵阻力位 20,766 港元，將確認更多的上漲空間。</p>
<p>這篇文章最初發布在 Invezz 上，標題為《恒生指數下滑，能源股領漲，房地產股滯後》。</p>

中國石油股份

中國石油

中國海洋石油

中國海油

<p>恒生指數自三月以來穩定在 20,000 港元，儘管全球同行有所上漲。中國石油和中國海油等能源股表現良好，而房地產和科技公司則落後。香港經濟復甦速度低於預期，同比增長 2.7%。該指數在 20,766 港元的阻力位下方整固，如果突破該水平，可能會有上漲潛力</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>恒生指數自今年三月以來一直橫盤整理，儘管其全球同行如東證指數和納斯達克 100 指數大幅上漲。該指數目前交易於 20,000 港元，過去幾個月一直保持在這個價格水平。這一價格比 2022 年的最低點高出約 36%。</p>
</div><h2>Hong Kong stocks hit a wall</h2>
<div class="lb-trans"><h2>香港股市遇到瓶頸</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>恒生指數年初表現良好，投資者關注中國的強勁復甦。投資者普遍預期，隨着中國重新開放邊界並結束清零政策，經濟將迎來 spectacular 的復甦。</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，最近的數據表明情況並未如預期。正如我在這篇文章中所寫，週二發佈的數據表明經濟表現不佳。工業生產同比增長 5.6%，低於 10.9% 的預期。</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>額外數據顯示，儘管重新開放，青年失業率仍然上升。零售銷售在四月份同比增長 18.4%。這一年度增長主要是由於去年四月國家處於封鎖狀態的低基數。</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>香港經濟的復甦速度也低於預期。週五發佈的數據揭示，經濟同比增長 2.7%，得益於旅遊和零售。政府預計今年經濟將增長 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>觀看鏈接： 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>今年恒生指數表現最佳的成分股是中國石油、中國石油化工和中國海洋石油。這些油氣公司在油氣價格回落的情況下表現良好。其他表現突出的公司包括中國聯通和中國移動，這兩家電信公司今年上漲超過 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>恒生指數的其他表現優秀的公司包括比亞迪、滙豐銀行、中國神華能源和中信太平洋。另一方面，房地產公司如佳兆業、龍湖地產和恆隆地產則表現最差。阿里巴巴和美團等科技公司也出現下滑。</p>
</div><h2>Hang Seng index forecast</h2>
<div class="lb-trans"><h2>恒生指數預測</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 圖表來自 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 小時圖表顯示，恒生指數在過去幾天內一直橫盤整理。該價格仍低於重要的阻力位 20,766 港元，即 4 月 24 日的最高點。它也在 25 期和 50 期指數移動平均線（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>相對強弱指數（RSI）略微高於中性點。因此，預計該指數在短期內將保持在這個區間內。如果價格突破關鍵阻力位 20,766 港元，將確認更多的上漲空間。</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>這篇文章最初發布在 Invezz 上，標題為《恒生指數下滑，能源股領漲，房地產股滯後》。</p>
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恒生指數下滑，能源股領跌，而房地產板塊表現不佳