Broker: CGS International
Date of Report: June 1, 2026
Excerpt from CGS International report.
Report Summary
- North Asia Technology (KOSPI, TAIEX, Nikkei 225): Strong bullish momentum with indices hitting fresh highs, reflecting continued capital concentration in semiconductor and AI hardware infrastructure. No specific stock tickers provided, but investors should focus on North Asian technology equities.
- S&P 500 (SPX): Technicals show bearish divergence between price and market breadth. A correction and consolidation phase is expected in June. Key support at 7,100–7,200. A break below this level could trigger a rapid decline toward the 200-day EMA/SMA cluster (~6,800). Recommendation: Avoid aggressive longs; risk-reward unfavorable at current levels.
- Hang Seng Index: Currently rangebound (25,000–26,000). Major uptrend channel remains intact. Score: 5/10 (neutral). No actionable buy/sell trigger at this stage.
- CSI 300 Index: Forming a three-wave correction, likely to test support at 4,700–4,650. Uptrend intact long-term, bullish score: 7/10. Investors may consider accumulating on dips near support.
- SET Index (Thailand): Maintains long-term upside target at 1,636 despite short-term corrective structure. Mid-term outlook bullish, score: 7/10.
- Jakarta Composite Index: Bearish pressure continues, targeting 6,700 or lower. Score: 4/10 (bearish). Avoid or reduce exposure.
- Nikkei 225 Index: Bullish momentum remains strong; target 67,000. Long-term uptrend intact. Score: 7/10. Action: Consider holding or adding to positions.
- Dow Jones Industrial Average: Short-term strength with target at 52,300. Long-term bullish, but near-term sentiment mixed. Score: 7/10.
- Nasdaq 100 Index: Bullish long-term, but near-term correction possible. Key support at 28,000. Action: Consider accumulating on pullbacks above support.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com
