Investment 10/1/2025

The Hong Kong stock market was in a tug-of-war between bulls and bears throughout the day.  The Hang Seng Index opened 25 points lower at 19,254 points, then rose by 125 points to 19,405 points. It fell 52 points to 19,227 points in the afternoon, and fell 38 points or 0.2% to 19,240 points for the day. The Technology Index outperformed and closed up 4 points. or 0.09% to 4,311 points.  The Main Board's turnover was HK$129 billion.


 Hong Kong stocks have been under continuous adjustment pressure recently, which is related to external news. The minutes of the Federal Reserve's interest rate meeting showed that officials took a cautious attitude towards further interest rate cuts, which stimulated the US dollar and bond yields and was unfavorable to Hong Kong stocks.  In addition, the market is watching the policies of the next US President Trump on tariffs and other aspects. It is expected that the market will not have much breakthrough in the short term. The Hang Seng Index has resistance at 20,000 points, and there is a greater chance of testing 19,000 points in the short term.


 HSBC Global Research pointed out that as the risk outlook of Chinese stocks improves and the US Treasury yields may fall, it has upgraded the Hong Kong stock rating from "neutral" to "overweight". The Hang Seng Index's target for the end of this year is 23,870 points, which is higher than the current level. The Hang Seng Index closed at 19,240 points yesterday, with a potential upside of 24%.


 The United States held a state funeral for the late former President Jimmy Carter on Thursday. The U.S. stock market was closed. European stock markets fluctuated and stabilized. The pan-European index Stoxx 600 closed up 0.42% at 515 points. Resource stocks climbed 1.5%. The UK, France and Germany The stocks rose 0.83%, 0.51% and fell 0.06% respectively.


 The foreign exchange index fell 0.14% to 108.94 at one point; the pound slumped 1% to a 14-month low of $1.2239; the euro fell 0.33% to $1.0284; and the yen rose 0.49% to 157.58 per dollar.

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