Investment 30/12/2024

Hong Kong stocks resumed trading within a narrow range after the Christmas holiday, with the day's high volatility being only 174 points.  After opening 14 points or 0.08% lower, the Hang Seng Index once rose 86 points to 20,184 points and fell 7 points or 0.04% for the whole day. The Technology Index rose 30 points or 0.69% to 4,538 points.  The market's turnover for the whole day was HK$139.5 billion.


 The Hang Seng Index has fluctuated between 19,100 and 20,400 points in the past few weeks. The Bollinger Band continues to narrow, and the 100-day moving average (19,299) is an important support. It is best to hold on and not lose it, otherwise the Hang Seng Index may test the 250-DMA (17,995) i.e. dividing line between bull and bear. 


 The mainland plans to issue a total of 3 trillion RMB of special government bonds next year to cope with deflation that may be caused by the economic downturn and the possibility that the United States will significantly increase tariffs on China after US President-elect Trump takes office.  Supported by this news, the Hong Kong stock market once again broke through the 20,000 mark. Although there is little chance of a sharp rise in the short term, the technical trend should not be taken too lightly. It is expected to continue to hover around the 20,000 mark before the end of the year.


 European stock markets resumed trading after the holidays, with mixed performance. British stocks rose 0.16%, while French and German stocks rose 1% and 0.68% respectively.


 The U.S. 10-year bond interest rate hovered at a 7-month high. U.S. stocks were soft on Friday. After the Dow opened 183 points lower, the decline expanded to a maximum of 564 points and a low of 42,761 points. The S&P 100 fell back 1.73% at one point, dominated by technology stocks. The Nasdaq had fallen 2.33%.  As the holiday atmosphere is still strong, trading in various asset markets is weak.


 At the close of the U.S. market, the Dow closed at 42,992 points, down 333 points or 0.77%; the S&P 500 dropped 66 points or 1.11% to 5,970 points; the Nasdaq fell 298 points or 1.49% to 19,722 points.  Cumulatively throughout the week, the Dow rebounded 0.4%, the S&P 500 gained 0.7%, and the Nasdaq rose 0.8%.


 In 2024, gold prices rose 27% to $2,617.20 per ounce, outpacing the S&P 500's 25% gain and not far behind the Nasdaq Composite's 31% gain.  According to the Wall Street Journal, analysts from JPMorgan Chase, Goldman Sachs and Citigroup all believe that gold prices will rise further and reach $3,000 in 2025.

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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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