Fed hawks had an impact on financial markets on Wednesday, with the dollar index stabilizing and rebounding, while U. S. stocks showed signs of pressure. On Wednesday, the S & P 500 fell 0.11%, the Dow fell 0.21%, and the NASDAQ rose 0.13%. Overall, however, there has been no serious cooling in market risk appetite.

The hang Seng index, which was not dragged down slightly by u.s. stocks on Thursday, opened up 0.27%. By the close, the hang Seng index was up 65.39 points, or 0.23%, at 28882.46, with a full-day turnover of 133.956 billion. The index of state-owned enterprises rose 0.03% to 10677.31, while the red chip index fell 0.56% to 4038.00.

In terms of blue chips, Xiaomo released a research report that expects oil prices to rise to $80 a barrel by the end of the year, while the bank's European team believes that there may be a supply shortage of 3 million barrels a day by 2025 because of underinvestment in the past five years. Oil prices may then rise to $100 a barrel. The bank believes that gas prices will continue to rise in the next few years, mainly because the mainland has shifted to clean energy, giving PetroChina a "overweight" rating, raising its target price by 30.6% from HK $3.6 to HK $4.7. As of the close, PetroChina shares rose 2.16% to HK $3.79, with a full-day turnover of HK $1.112 billion, contributing 4 points to the Hang Seng Index.

Other big blue chips, Ali Health (00241) rose 2.59% to HK $17.46, contributing 5 points to the Hang Seng Index; Meituan-W (03690) rose 2.27% to HK $315 and contributed 53 points to the Hang Seng Index; Zhongsheng Pharmaceutical (01177) rose 1.18% to HK $7.7 and contributed 2 points to the Hang Seng Index; Chuangke Industry (00669) fell 2% to HK $132.3, dragging down the Hang Seng Index 9 points.

The technical outlook for the Hang Seng Index continues to be bullish, with the daily chart showing that although the Hang Seng Index was blocked below 29000 on Thursday, it has broken through Friday's high and stood above its 20-day moving average, and there is a high probability of a subsequent breakthrough of 29000. The subsequent rally target will be around 29400-29500, which has fluctuated since March. In the case of a short-term pullback, the following support focuses on levels such as 28800 and 28700.

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