Investment 15/1/2025

Mainland economic data exceeded market expectations, and Hong Kong stocks fluctuated and stabilized.  The Hang Seng Index opened 23 points lower at 19,499 points, then fell 99 points to 19,423 points, and then rose 117 points to 19,640 points. The index rose 61 points or 0.31% to 19,584 points, rising for the fourth consecutive trading day. ; The technology index rose 61 points, or 1.39%, to 4,479 points.  The Main Board's turnover was HK$122.2 billion.


 The Hong Kong stock market fluctuated as investors are still watching the progress of the mainland's economic recovery. The market is unlikely to break out of the short-term slump and the Hang Seng Index is expected to fluctuate between 19,300 and 20,300 points.  It is better to defend than to attack in the first quarter. We are optimistic about defensive stocks such as HSBC Holdings and Chinese telecom stocks.


 European stock markets rose across the board. Benefiting from the merger news and the depreciation of the pound, which was good for export stocks, the UK FTSE 100 index set a new record, rising as much as 1.69% to 8,533 points, and closed up 1.35% at 8,505 points. French and German stocks rose 1.35% and 1.69% respectively. Up 0.98% and 1.2%.


 Xi Jinping had a phone call with US President-elect Trump, alleviating market concerns about the outbreak of a trade war. In addition, the International Monetary Fund (IMF) raised its forecast for global economic growth this year. US stocks rose sharply on Friday, with the Dow opening 159 points higher. Later, the increase expanded to 500 points, reaching a high of 43,653 points. The S&P 500 rose by 1.31% and the Nasdaq rose by as much as 1.92%.


 At the close of U.S. stocks, the Dow Jones Industrial Average was at 43,487, up 334 points, or 0.78%; the S&P 500 rose 59 points, or 1%, to 5,996; and the Nasdaq rose 291 points, or 1.51%, to 19,630.


 The U.S. dollar index rose as much as 0.41% to 109.401, the euro fell 0.35% to $1.0265, and the yen also fell 0.66% to 156.19 per dollar.  Bitcoin reclaimed $100,000, rising 6.55% to $105,915 at one point.


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Investment 24/4/2026

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