The US stock market is relatively soft, with the three major indices slightly declining. The market is focused on company performance, and General Electric's earnings report dragged down the stock price by nearly 8%; But several Chinese concept stocks surged, with Ctrip rising nearly 20% and Huya Live rising nearly 22%. The company's performance provides support for the stock price. The ADR of Hong Kong stocks generally rose, with Tencent (0700) ADR rising 1.2% to 365.6 yuan. The Shanghai Stock Exchange stated that the trading system of the Science and Technology Innovation Board is undergoing transformation and adjustment, and plans to conduct industry wide and market wide joint debugging and testing by the end of March. It is expected to be ready by the end of May. Last night, the concept surged, coupled with news from the Mainland Science and Technology Innovation Board that will benefit the performance of a group of new economy stocks, and the valuation of Science and Technology Network's technology stocks is expected to improve in the short term. In addition, investors should continue to closely monitor the relevant news of the National People's Congress, as China's economic growth policies will become the focus of the short-term future market.

From a technical perspective, the Hang Seng Index once again challenged the resistance of the 29000 point mark yesterday, as mentioned earlier, but the short line is still above 10 antennas (temporarily 28788 points), reflecting that the overall situation is still good. Due to the fact that the 10 antennas and 20 antennas have already passed through the 250 antennas, emitting two golden cross signals, investors should not be overly bearish at present. It is recommended to refer to the support level of the 250 antenna currently, and if it has not fallen below this level for a day, the target is still the 30000 point level.