Investment 4/2/2025

Trump's tariff war started. The Hang Seng Index opened 176 points lower at 20,048 points on the first trading day of the Year of the Snake. The decline once expanded to 460 points, reaching a low of 19,764 points. It was then taken over and the decline gradually narrowed. The whole day was only The Hong Kong Stock Exchange fell slightly by 7 points or 0.03% to 20,217 points; the technology index rose by 13 points or 0.29% to 4,737 points. The Main Board's turnover was HK$124.9 billion.

 The Hang Seng Index barely held 20,200 points yesterday. If there is further decline in the short term, the 10-DMA (19,932) is expected to provide initial support. Hong Kong stocks are affected by the trade war and the short-term strength of the US dollar. The overall atmosphere remains sluggish. If the Hang Seng Index loses its 10-DMA, it will test the support level of 19,700 points. However, if there is no worse news in the Sino-US trade war, the Hang Seng Index may break through the 20,300 point resistance in the short term and challenge the 21,000 to 21,300 point level.

 European stock markets fell across the board, with UK, French and German stocks falling 1.04%, 1.2% and 1.4% respectively.

 US President Trump has implemented tariffs on Mexico, Canada and China, and has threatened to point the tariff stick at its ally the European Union. Markets are worried that the escalation of the trade war will threaten the world, shaking global stocks and currencies. The US stock market continued its decline last Friday. The Dow Jones Industrial Average opened 276 points lower on Monday, and then fell as much as 665 points to 43,879 points. Trump later confirmed that the tariff increase on Mexico would be postponed for one month to help ease the pressure. Amid the tense atmosphere of trade, the news drove the Dow Jones Industrial Average up 49 points at one point, reaching a high of 44,594 points; the S&P 500 fell 1.93%, and the Nasdaq, which is dominated by technology stocks, fell as much as 2.48%, before the declines narrowed significantly.

 At the close of U.S. stock markets, the Dow Jones Industrial Average fell 122 points, or 0.28%, to 44,421 points; the S&P 500 fell 45 points, or 0.76%, to 5,994 points; and the Nasdaq fell 235 points, or 1.2%, to 19,391 points.

 The euro fell 1.48% to $1.0209 at one point; the pound fell 1.18% to $1.2248, and then rose slightly. The Japanese yen rebounded by 0.76% to 154.02 per dollar.

Picture : H5N1 avian influenza virus (blue) as seen in a color transmission electron microscope image. Flu spreads across North America, raising pandemic risk.

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Investment 24/4/2026

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Investment 27/4/2026

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