On Friday, U.S. stocks continued their upward trend as Alphabet (GOOGL) exceeded earnings expectations, boosting the Nasdaq by 1.26%. The Dow Jones and S&P 500 rose by 0.05% and 0.74% respectively. This week, major tech companies, including Meta (META), Apple (AAPL, Financial), Microsoft (MSFT), and Amazon (AMZN), are set to release their quarterly results. Additionally, March employment data will be announced.
In China, the Shanghai and Shenzhen stock exchanges maintained an upward trajectory last week, with the Shanghai Composite Index rising 0.56% for a second consecutive week and the Shenzhen Component Index gaining 1.38%, rebounding after five consecutive weeks of decline. Due to the upcoming May Day holiday in China, only three trading days are available this week, leading to anticipated market quietness.
In Hong Kong, the Hang Seng Index rebounded, influenced by an improved tariff situation and the global market recovery, climbing 2.74% over the week to close at 21,980 points. The technology index also rose nearly 2% to 4,982 points. Investors are focusing on the latest U.S.-China trade developments and upcoming corporate earnings and economic data, with expectations for the Hang Seng Index to oscillate around the 22,000-point level, supported between 20,800 and 21,000 points.
