Investment 3/4/2024

Hong Kong stocks started well in the second quarter, but failed to stabilize at the 17,000 mark. The Hang Seng Index opened 270 points higher at 16,811 points and then expanded its gains. It once rose 465 points, reaching a high of 17,007 points. In the afternoon, the gain rebounded and closed up 390 points, or 2.35%, at 16,931 points. The Technology Index rose 65 points, or 1.88%, at 3,543 points, the main board turnover was HK$144.1 billion. 


Since mid-February, the Hang Seng Index has mainly fluctuated between 16,000 and 17,000 points, and is expected to remain within this range in the short term. However, it has been some time since the mainland last cut interest rates and required reserve ratios, and China's economic momentum has not significantly strengthened. It is expected that further economic stimulus measures will be introduced in the second quarter, which will have a certain support for Hong Kong stocks. It is believed that the Hang Seng Index may rise above in the short term. At the 17,000-point mark, the securities industry generally has a conservative view that the Hang Seng Index can further test the 250-day bull-bear dividing line (17,956).


 More than 40 companies in the Hong Kong stock market were suspended from trading yesterday morning because they were unable to announce their full-year results before the end of March.


 European stock markets came under pressure, with British, French and German stocks falling 0.22%, 0.92% and 1.13% respectively. 


U.S. economic data were strong, the market's expectations for an interest rate cut by the Federal Reserve cooled, and many sectors such as electric vehicles and retail were sold off. U.S. stocks came under significant pressure on Tuesday. The Dow Jones Industrial Average continued Monday's decline and opened 310 points lower. The level was 515 points, with a low of 39,051 points; the S&P 500 once plummeted 1.14%, and the Nasdaq once fell 1.58%. 


U.S. stocks closed with the Dow Jones Industrial Average falling for the second day in a row, falling 396 points or 1% to 39,170 points; the S&P Index falling 37 points or 0.72% to 5,205 points; and the Nasdaq Composite falling 156 points or 0.95% to 16,240 points.


 The U.S. dollar index fell back, once down 0.32% to 104.68. German inflation has slowed for three consecutive months, supporting market expectations that the European Central Bank will begin to cut interest rates in June. The euro still rose 0.34% to $1.0781.

 

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Investment 29/4/2026

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Investment 24/4/2026

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Investment 27/4/2026

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