Investment 7/2/2025

The Hong Kong stock market was weak yesterday morning, but regained momentum in the afternoon and continued to rise, rising 294 points or 1.43% to close at 20,891 points, the highest point of the day; the technology index rose 129 points or 2.62% to 5,059 points.  The market turnover was HK$ 178.4 billion .


 A-shares rebounded, Hong Kong technology stocks performed well, and there was no particularly negative news in the Hong Kong stock market. The overall investment atmosphere was good. It is expected that if the Hang Seng Index does not fall below the low of 20,500 points in the future, it will have a chance to continue to rise.  Hong Kong stocks have been volatile recently. Although there have been new developments in AI in the mainland, which have rekindled expectations for technology stocks, the Hang Seng Index once approached the 21,000 mark.  However, as Sino-US relations become increasingly tense, the market is paying attention to the implementation of tariff measures and subsequent progress. The market is expected to remain volatile in the future. The Hang Seng Index has a relatively large resistance level of 21,000 points, while the support level is at 20,500 points.


 European stock markets rose across the board, with UK, French and German stocks also closing up by more than 1%.


 The latest earnings reports from U.S. companies were mixed. U.S. stocks developed individually on Thursday. The Dow Jones Industrial Average slipped after a brief rebound, the S&P 500 rose for three consecutive trading days, and the Nasdaq, which is dominated by technology stocks, performed relatively well.  After opening 75 points higher, the Dow Jones Industrial Average expanded its gains to as much as 93 points, reaching a high of 44,966 points. It then fell 328 points in the final stage, reaching a low of 44,545 points. Both the S&P 500 and the Nasdaq closed close to their intraday highs.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 125 points, or 0.28%, to 44,747 points; the S&P 500 rose 22 points, or 0.36%, to 6,083 points; and the Nasdaq rose 99 points, or 0.51%, to 19,791 points.


 The U.S. dollar index rose as much as 0.48% to 108.1; the Japanese yen rose 0.88% to 151.25 per dollar.  After the Bank of England cut its benchmark interest rate by 0.25%, market expectations for a rate cut further heated up, with the pound falling 1.15% to $1.2361; the euro fell 0.48% to $1.0353.  Bitcoin rose as much as 3.6% to $99,199.

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