Investment 25/10/2024

Hong Kong stocks retreated after rising for two consecutive days.  The Hang Seng Index continued to weaken after opening 184 points lower. The decline deepened in the afternoon, falling as much as 311 points or 1.5%, and as low as 20,448 points. It closed at 20,489 points for the whole day, down 270 points or 1.3%, and fell below the 10-DMA (20,606) .   Technology  index fell 121 points or 2.64% to 4,483 points.  Market turnover reached HK$165.2 billion.


 Several Federal Reserve officials have called for slowing down the pace of interest rate cuts, and with the U.S. presidential election approaching, the market is worried that if Trump is elected, inflation may rekindle, narrowing the space for interest rate cuts, and U.S. stocks came under pressure overnight.  As U.S. bond interest rates rise and the U.S. dollar strengthens, it will have a certain impact on emerging markets, and Hong Kong stocks are also expected to be dragged down.  The recent trend of the Hang Seng Index has been volatile. In the short term, it is expected to mainly maintain a range of ups and downs. The support near the earlier rising gap (19,954 to 20,268) is good, but it will be difficult to regain 21,000 points.


 European stock markets performed well, with British, French and German stocks rising 0.13%, 0.08% and 0.34% respectively.


 The latest performance of U.S. companies was mixed. The number of people applying for unemployment benefits for the first time fell by 15,000 to 227,000, which was less than the expected 242,000.  U.S. stocks showed individual trends on Thursday. After opening slightly higher by 7 points, the Dow Jones Industrial Average turned around and fell as much as 323 points to a low of 42,191 points. The S&P 500 reversed its three-day decline and rose 0.35%. The Nasdaq, which is dominated by technology stocks, once rebounded by 0.87 points. %.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 140 points, or 0.33%, to 42,374 points; the S&P Index rose 12 points, or 0.21%, to 5,809 points; and the Nasdaq Composite rose 138 points, or 0.76%, to 18,415 points.


 The U.S. dollar index fell by up to 0.4% to 104.01, the Euro rose by 0.46% to $1.0833, and the Japanese yen rose by up to 0.79% to 151.56 per dollar.

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Investment 29/4/2026

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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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