Investment 13/2/2025

The Hang Seng Index opened 231 points higher at 21,526 points and maintained its upward trend. The gains gradually expanded in the afternoon and closed near the intraday high of 21,857 points, up 563 points or 2.64%, setting a new high in 4 and a half months; the Technology Index rose 138 points or 2.7% to 5,281 points. The Main Board's turnover was HK$287.1 billion.

 The Hang Seng Index started its upward trend from the mid-January low of around 18,600 points and has risen by more than 3,000 points so far. If the market turnover continues to cooperate, the Hang Seng Index can hold the 10-DMA (20,764) support and is expected to rise to a higher level in the future, heading towards the target of 22,700 to 23,000 points; on the contrary, if this support is lost, the market's upward trend is expected to be difficult to sustain.

 In terms of European stock markets, UK and German stocks rose slightly by 0.34% and 0.5% respectively, while French stocks also rose by 0.17%.

 Inflation pressure in the United States intensified in January, reducing the chances of the Federal Reserve cutting interest rates and stimulating an upward trend in U.S. bond yields, dragging down U.S. stocks significantly on Wednesday. The Dow Jones Industrial Average opened 235 points lower and then widened its decline to as much as 489 points, closing at a low of 44,104 points. The S&P 500 fell 1.08%, while the Nasdaq, which is dominated by technology stocks, fell 1.16% at one point.

 At the close of the U.S. market, the Dow Jones Industrial Average was at 44,368, down 225 points, or 0.5%; the S&P 500 fell 16 points, or 0.27%, to 6,051; and the Nasdaq rose slightly by 6 points, or 0.03%, to 19,649.

 The US dollar index once rebounded by 0.52% to 108.523, and then fluctuated weakly; the euro fell by as much as 0.42% to $1.0317, and then rebounded; the Japanese yen fell by 1.51% to 154.8 per dollar. Bitcoin fell as much as 2.37% to $94,092.