Investment 25/2/2025
The Hang Seng Index opened 5 points lower at 23,472 points, and fell 256 points to 23,221 points at a while. It then rose 210 points to 23,688 points, setting a new 3-year high. It fell 136 points or 0.58% for the day to 23,341 points. The Technology Index fell 69 points or 1.19% to 5,789 points. The main board traded HK$356 billion .
The market is still blindly speculating on the DeepSeek concept, but the Hong Kong stock market is seriously overbought. At this stage, after the Hang Seng Index has risen above the 23,000 point mark, it will consolidate at this position in the short term. If it can hold the 22,700 level, the mid-year Hong Kong stock market target will remain unchanged at 25,000 points. Those who do not hold stocks at this stage can wait for the Hong Kong stock market to fall below 23,000 or fall back to around 22,500 points before considering buying. Investors can pay attention to technology and internet stocks, Chinese financial stocks, and agriculture-related stocks, which may continue to be hyped.
European stock markets developed individually. The results of the German election cleared up local uncertainties. German stocks rose 0.62%, French stocks fell 0.78%, and British stocks fell less than 1 point.
The market's panic over rising inflation has temporarily eased, but some analysts pointed out that Microsoft's cancellation of the lease of some data centers has triggered investors' concerns about the long-term demand for computing power for artificial intelligence (AI), dragging down U.S. stocks. The Dow Jones Industrial Average opened 65 points higher, and the gain expanded to more than 200 points before turning down 84 points. It then rebounded as much as 271 points to 43,699 points. The S&P 500 rose 0.51% and then fell 0.59%; the Nasdaq, which is dominated by technology stocks, fell 1.27% at one point.
At the close of U.S. stocks, the Dow Jones Industrial Average rose 33 points, or 0.08%, to 43,461 points; the S&P 500 fell 29 points, or 0.5%, to 5,983 points; and the Nasdaq fell 237 points, or 1.21%, to 19,286 points.
The U.S. dollar index fell 0.45% to 106.13, and then stabilized; the euro rose 0.67% to $1.0531; the yen fell 0.4% to 149.87 per dollar. Bitcoin fell 2.1% to $93,815 in late trading.
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