Investment 6/2/2025

The mainland stock market resumed trading yesterday (5th), and northbound capital returned again, but the Hong Kong stock market rose first and then fell. The Hang Seng Index opened 37 points higher at 20,827 points, the highest point for the day, and then quickly fell back, dropping as much as 372 points to a low of 20,417 points. It closed down 192 points, or 0.92%, at 20,597 points. The Technology Index fell 47 points, or 0.94%, to 4,930 points. The market turnover was HK$192.2 billion.

 The Sino-US trade war has officially begun, but US President Trump said that he is not in a hurry to talk with the Chinese head of state. The market is worried that the trade war between the two countries will escalate and believes that the market will become volatile. The Hang Seng Index faces strong resistance at 20,700 and is expected to retest the 100-DMA (20,364) support. If it fails, the index will be at 19,700 points.

 European stock markets developed individually, with UK and German stocks rising 0.61% and 0.37% respectively, while French stocks closed down 0.19%.

 The latest tech companies' poor performance and the lingering shadow of the Sino-US trade war put US stocks under pressure on Wednesday before rebounding from their lows. The Dow Jones Industrial Average opened slightly higher by 7 points and then fell by as much as 203 points to a low of 44,352 points. However, it rose by 330 points in the late stage to a high of 44,886 points. The S&P 500 fell 0.51%, and the Nasdaq, which is dominated by technology stocks, fell as much as 0.79%. Both indexes eventually stabilized and closed close to their intraday highs.

 At the close of U.S. stocks, the Dow Jones Industrial Average rebounded 317 points, or 0.71%, to 44,873 points; the S&P 500 rebounded 23 points, or 0.39%, to 6,061 points; and the Nasdaq rose 38 points, or 0.19%, to 19,692 points.

 The U.S. dollar index fell as much as 0.61% to 107.3; the euro rose 0.6% to $1.0443; the yen rose 1.44% to 152.12 per dollar.

 US President Trump wants Ukraine to provide rare earth metals, key elements used in electronics, in exchange for continued US military and economic aid

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Investment 24/4/2026

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Investment 27/4/2026

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