Investment 10/2/2025

The Hang Seng Index opened 33 points lower at 20,858 points, tested the 20,800 point level before rebounding, rising as much as 322 points to 21,213 points; it rose 241 points or 1.15% for the day to 21,133 points; the Technology Index rose 90 points or 1.79% to 5,150 points. The Main Board's turnover was HK$246.3 billion.

 Hong Kong stocks showed strength after the Chinese New Year reopened last week. The Hang Seng Index broke through the previous rebound high of 20,200 points with a large bullish candle, and advanced into the resistance zone of 21,000 to 21,300 points on Friday. It is expected to consolidate in the short term. Once there is favorable news during the March earnings period, it is expected to further push up the market. The Hang Seng Index is expected to test 22,000 points and is expected to hit the 22,700 point mark again. The current valuation of Hong Kong stocks is still low, and it is believed that most of the negative factors such as the trade war have been reflected. The bottom of the Hang Seng Index's moving range continues to move upward, and it is expected that it will have the opportunity to remain above 20,000 points this year.

 The US-China trade war has begun, but it has not stopped HSBC Holdings (00005) from rising for five days in the past week, breaking the HK$80 mark to hit a seven-year high. It has risen by more than 34% in the past year. If it "restores" the historical high of HK$ 140.586 on October 15, 2007, it is still more than 40% away from last Friday's closing price of HK 81.8 .

 European stock markets softened slightly, with UK, French and German stocks falling 0.31%, 0.43% and 0.53% respectively.

 The U.S. unemployment rate fell to 4% in January, and consumer inflation expectations soared, driving up bond yields. President Trump then said he planned to announce reciprocal tariffs on several countries next week, and rising concerns about a trade war dragged down U.S. stocks further. After a brief stabilization on Friday, the U.S. stock market continued to be under pressure. The Dow Jones Industrial Average opened slightly higher by 14 points before falling as much as 467 points to a low of 44,279 points. The S&P 500 fell 1.05% at one point, and the Nasdaq, which is dominated by technology stocks, turned around and fell 1.53%.

 At the close of U.S. stocks, the Dow Jones Industrial Average was at 44,303, down 444 points, or 0.99%; the S&P 500 fell 57 points, or 0.95%, to 6,025; and the Nasdaq fell 268 points, or 1.36%, to 19,523.

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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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