Investment 12/2/2025

The Hang Seng Index opened 134 points higher at 21,656 points, and then rose 160 points to 21,682 points. It then encountered resistance and turned to decline, falling 242 points at one point to 21,279 points, and closed down 227 points or 1.05% at 21,294 points. The Technology Index fell 144 points or 2.73% to 5,142 points. The Main Board's turnover was HK$219.6 billion.

 The market was worried that mainland automakers would start another price war, and under the influence of negative news that Trump planned to impose tariffs on cars, chips, etc., the Hong Kong stock market fell by more than 200 points on Tuesday. However, the Hang Seng Index continued to stabilize at the 21,000 point level at the close, which is believed to be a normal correction. The Hong Kong stock market has entered a new upward cycle from the 19,000 point area. Currently, the Hang Seng Index has encountered resistance at 21,600 points. If it fails to break through this resistance area, it may enter an adjustment wave. The 150-DMA (20,874) is an important support level and could become a target area for a correction if the market enters a correction. If the Hang Seng Index re-reaches 21,600 points, it may continue to rise and eventually reach the target range of 22,700 to 23,000 points. The current entry-market risk-reward ratio is still good.

 European stock markets were all up, with UK, French and German stocks rising 0.11%, 0.28% and 0.58% respectively.

 As concerns about the US dollar's volatility escalated and U.S. Federal Reserve Chairman Powell reiterated at a congressional hearing that he was not in a hurry to cut interest rates, U.S. stocks developed individually on Tuesday. The Dow Jones Industrial Average opened 69 points lower and fell as much as 150 points to 44,319 points. It later rose 170 points to 44,640 points. The S&P 500 fell 0.4% at one point.

 At the close of U.S. stocks, the Dow Jones Industrial Average was at 44,593, up 123 points, or 0.28%; the S&P 500 rose slightly by 2 points, or 0.03%, to 6,068 points; and the Nasdaq fell by 70 points, or 0.36%, to 19,643 points.

 The U.S. dollar index fell as much as 0.5% to 107.78; the euro rose 0.73% to $1.0383; the yen fell 0.41% to 152.62 per dollar. Bitcoin fell 3.7% to $94,887. Spot gold prices continued to break through the peak, rising 1.19% to $2,942.69 per ounce, and then fell back by as much as 0.9% to $2,881.9;

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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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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