The three major stock indexes rose by more than 1%, and Tesla rose by more than 5%.

US stocks

US stocks closed slightly higher on Monday as investors hunted for dips after the main benchmark index recorded its biggest percentage drop in 2023 last week, but concerns persisted about future rate rises to curb stubbornly high inflation. All three indexes climbed more than 1 per cent shortly after opening, partly as Treasury yields retreated, but all ended well away from their daily highs.

Stocks gave up gains over the course of the day as Treasury yields moved off their daily lows.

• The Dow Jones Industrial Average rose 72.17 points, or 0.22 percent, to 2889.09.
• The S & P 500 rose 12.2 points, or 0.31 percent, to 3,982.24.
• The Nasdaq index rose 72.04 points, or 0.63 percent, to 11,466.98.

Last week, the Dow Jones Industrial Average recorded its biggest weekly percentage decline since September, while the S & P 500 and Nasdaq each recorded their biggest weekly declines since December as economic data and comments from Federal Reserve officials heightened expectations of a more aggressive rate hike. Data showed that new orders for key capital goods made in the United States rose the most in five months in January, and shipments of such core capital goods also rebounded, indicating that companies' spending on equipment picked up at the start of Quarter 1.

Falling yields helped growth stocks rebound 0.63 percent, with electric carmaker Tesla jumping 5.46 percent after the company said its factory in Brandenburg, near Berlin, was producing 4,000 vehicles a week, three weeks earlier than originally planned, according to the latest production plan, which Reuters learned. 

Technical analysis:

Operation idea:

The Dow is concerned about the 32781 line today.

• If the Dow is stable above the 32781 line, then focus on the suppression of the 32975 and 33233 positions.
• If the Dow is running steadily below the 32781 line, then focus on the support strength at the 32455 and 32083 positions. 

Hong Kong stocks

Overnight, European and American stock markets rose together. The US dollar index broke through 105 on Monday, but then turned around and fell, and the US bond yield fell, boosting the stock index. Affected by the above factors, on February 28, the three major indices of Hong Kong stocks collectively opened higher, the Hang Seng Index rose 0.38% to 20020.17 points; the Hang Seng Technology Index rose 0.29% to 4001.54 points; the state-owned enterprise index rose 0.27% to 6688.31 points.

On the disk, weighted technology stocks rose and fell differently, Baidu rose 2.2%, Meituan rose 1.54%; domestic insurance stocks rose significantly, telecom stocks, dairy stocks, film and television entertainment stocks strengthened, Xintuang-related stocks generally rose, Global Data Solutions rose more than 2%, Kingsoft Software, Kingdee International rose more than 1%, the three major telecom operators were strong, China Telecom rose 2.36%, China Unicom rose 1.66%, China Mobile rose 0.87%. On the other hand, photovoltaic stocks fell significantly, with Xinyi Solar Energy down 1.58% after the performance, while domestic silver stocks, e-cigarette concept stocks, gas stocks, and wind power stocks fell one after another. Auto stocks rebounded in a row, and new car-making forces still fell. 

Technical analysis:

Operation idea:

HK50 pays attention to the first line of 20467 today.

• If the HK50 can operate stably above the 20467 line, then pay attention to the suppression strength at the 21450 and 22127 positions.
• If the HK50 is running below the line of 20467, then pay attention to the support strength at the two positions of 19517 and 18606.