Investment 5/12/2024

After opening 24 points lower at 19,722 points, the Hang Seng Index fell 130 points to 19,615 points, and then rose 76 points to 19,823 points. It fell slightly by 3 points or 0.02% for the whole day to 19,742 points; the technology index fell 13 points or 0.31%, reported 4,404 points.  Main board transaction volume was HK$131.1 billion.


 The window dressing effect of traditional December funds will not be too great this year. The market is still waiting to see the US President-elect Trump’s China policy after he takes office early next year. It is expected that the bullish pattern of Hong Kong stocks will not change. The Hang Seng Index will continue to trade at the 100-day line (18,895) to 20,000 points. Narrow range up and down.


 Some market participants believe that the continued instability of the Trump cabinet will make it less able to deal with China's international geopolitical challenges in the next four years than it will be during Biden's term.  Therefore, the biggest variable in the Chinese and Hong Kong stock markets in the next four years is not actually the potential further deterioration of Sino-US relations, but whether China's recent series of rescue measures can effectively reduce the pain caused by the internal adjustment of the economy.


 European stock markets developed individually, with British stocks falling 0.31%, French stocks rising 0.63%, and German stocks continuing to hit new highs, rising 0.97%.


 The latest performance of technology stocks was satisfactory. The three major U.S. stock indexes all reached their peaks and closed at record highs on Wednesday.  After the Dow opened 235 points higher, the gain expanded to 368 points, reaching a maximum of 45,073 points; the S&P 500 index once rose 0.66% to 6,089 points; the Nasdaq, which is dominated by technology stocks, rose as much as 1.34% to 19,741 points.


 At the close of the U.S. market, the Dow Jones Industrial Average closed at 45,014 points, up 308 points or 0.69%; the S&P Index rose 36 points or 0.61% to 6,086 points; the Nasdaq rose 254 points or 1.3% to 19,735 points.

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Investment 24/4/2026

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Investment 27/4/2026

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