Investment 31/1/2024

Hong Kong stocks fell below 16,000 again on the futures settlement day! After opening 180 points lower, the Hang Seng Index expanded its losses, falling as much as 422 points to a low of 15,654 points. It closed at 15,703 points, down 373 points or 2.32%. The technology index closed at 3,098 points, down 104 points or 3.27%. The main board's total daily turnover was HK$94.8 billion .


 The retreat in Hong Kong stocks reflects the market's belief that the earlier rescue measures were insufficient. Although the Hang Seng Index stayed close to the 10-DMA (15,614) yesterday , unless there are further measures or monetary policies that surprise the market in the short term, the weakness of the Hong Kong stock market will continue, and there is a high chance that it will fall back to the 15,000 level, or even test the previous 14,597 points  as  support position. 


European stock markets have stabilized. Although the Eurozone economy avoided recession last quarter, the economy is expected to continue to stagnate. The pan-European STOXX 600 index closed up 0.16%. British and French stocks both closed higher by more than 0.4%, and German stocks rose by 0.18%.


 U.S. stocks showed individual trends on Tuesday. After opening 35 points lower, the Dow Jones Industrial Average repeatedly rose 163 points, hitting an intraday high of 38,497 points. It closed at a new high, breaking its peak for the seventh time this year; the S&P 500 hit a new high again on Monday. After the market closed, there were repeated slight retreats, and the Nasdaq performed relatively poorly.


 At the close, the Dow rose 133 points, or 0.35%, to 38,467 points; the S&P 500 fell 3 points, or 0.06%, to 4,924 points; the Nasdaq fell 118 points, or 0.76%, to 15,509 points. 


The US dollar index fell as low as 103.31 points, down 0.29%. The yen fell as much as 0.29% to 147.93 per dollar. The Euro once rose 0.23% to $1.0859. The Euro zone avoided a technical recession last quarter but has stagnated for six consecutive quarters. Investors expect the European Central Bank to turn around and cut interest rates in April. The pound fell as much as 0.56% to $1.264. 

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Investment 24/4/2026

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