Investment 26/2/2025

As investors' concerns about tariffs intensified, the Hang Seng Index opened 625 points lower at 22,716 points, hitting an all-day low. The decline later narrowed to 93 points and closed down 307 points or 1.31% at 23,034 points. The Technology Index fell 90 points or 1.56% to 5,698 points. The main board traded HK$ 329.5 billion .

 Although the Hong Kong stock market has successfully broken through the highs in early October, there is a certain profit-taking pressure when rising to the current level. In addition, US President Trump said that he would implement the tariff increase action on Canadian and Mexican imports as scheduled, which has made the market pay attention to the Sino-US trade war again. The Hang Seng Index is temporarily holding 23,000 points, but 22,700 points is a more critical defensive position. Once it is confirmed to be lost, there is a chance to test 21,500 points. The risk-return rate of entering the market at the current level is not high.

 European stock markets developed differently, with French and German stocks falling 0.49% and 0.07% respectively, and British stocks rising 0.11%.

 As market concerns over U.S. tariffs and the economy intensified, U.S. stocks moved individually on Tuesday. The Dow Jones Industrial Average opened 48 points higher and then rebounded by 306 points to 43,767 before narrowing its gains. The S&P 500 fell 1.25% and the Nasdaq fell as much as 2.15%.

 At the close of U.S. stocks, the Dow Jones Industrial Average rose 159 points, or 0.37%, to 43,621 points; the S&P 500 fell 28 points, or 0.47%, to 5,955 points; and the Nasdaq fell 260 points, or 1.35%, to 19,026 points.

 The U.S. dollar index fell 0.38% to 106.19 at one point; the euro rose 0.51% to $1.0522; the yen rose 0.4% to 150.31 per dollar. Bitcoin fell below the $90,000 mark in one fell swoop, plunging as much as 8.52% to $85,955, its lowest level since mid-November last year.