Investment 14/1/2025

Hong Kong stocks continued their decline from last week.  The Hang Seng Index opened 146 points lower at 18,918 points, and then the decline widened to 392 points, hitting a low of 18,671 points. The decline narrowed afterwards, and fell 190 points or 0.99% to 18,874 points throughout the day, marking the sixth consecutive trading day of decline. The index fell 38 points, or 0.91%, to 4,221 points.  The Main Board's turnover was HK$134 billion.


 U.S. stocks fell significantly last Friday (10th), with the Dow Jones Industrial Average falling nearly 700 points.  Under the strong US dollar, Hong Kong stocks continued to fall on Monday (13th), and the Hang Seng Index even fell below the 19,000 mark.  The market is watching the development of Sino-US trade relations after Trump takes office as US President.  Whether the consumer price index data to be released by the United States will bring new direction to the interest rate cut timetable is also worthy of investors' attention.


 The Hong Kong stock market is still in a weak state of repeatedly testing the bottom. If it wants to break out of this situation, the Hang Seng Index must first re-cross the 100-DMA (19,522) and hold above it. The support below is at the 250-DMA (18,108).


 European stock markets fell across the board, with UK, French and German stocks falling 0.29%, 0.3% and 0.41% respectively.


 Rising global bond yields continued to trouble the U.S. stock market. The three major indexes developed individually on Monday, and many large technology stocks continued to decline due to the "horse-changing" activities.  The Dow opened 13 points lower and then fell 93 points. It then stabilized, led by health insurance and bank stocks, and rose as much as 381 points to 42,319 points. The S&P 500 fell 0.92% and finally stabilized. The Nasdaq, which is dominated by technology stocks, fell 1.72% at one point, but the decline eventually narrowed significantly.


 At the close of U.S. stocks, the Dow Jones Industrial Average was at 42,297, up 358 points, or 0.86%; the S&P 500 rose 9 points, or 0.16%, to 5,836; and the Nasdaq fell 73 points, or 0.38%, to 19,088.


 The Fed's interest rate cut expectations cooled, and the US dollar index hit 110.176, breaking 110 for the first time in two years. The market continued to worry about the UK's fiscal problems, and the pound fell another 0.86% to $1.21; the euro fell 0.64% to $1.0178; the yen rose 0.51% to 156.92 per dollar.  Bitcoin plunged 6.47% to a nearly two-month low of $89,669.

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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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