Investment 10/3/2025

The Hang Seng Index opened 187 points lower at 24,182 points, and then fell 304 points to 24,065 points. It then rose 299 points to hit a more than three-year high of 24,669 points. However, selling pressure reappeared later, with a daily decline of 138 points or 0.56% to 24,231 points; the Technology Index fell 31 points or 0.51% to 6,037 points.  The main board traded HK$383.1 billion .

 For the whole week, the Hang Seng Index rose by 1,289 points or 5.62%, reversing the decline of the previous week.


 The US stock market continues to adjust. As funds have the opportunity to flow back to the European or China and Hong Kong markets, it is expected that the Hong Kong stock market will not be greatly affected by external shocks.  The Hang Seng Index re-entered 24,000, breaking through the large sideways zone, and the market outlook remains volatile.  Severely overbought, short-term consolidation is expected, and the upward gap from last Thursday (23,636 to 23,987) must be maintained.  There is greater resistance between 24,700 and 26,000 points. If it breaks through, the mid-line target will be 30,000 points.


 European stock markets closed soft, with UK, French and German stocks falling 0.03%, 0.94% and 1.75% respectively.


 The growth of non-farm jobs in the United States in February was lower than expected, which means the economy is weakening. However, Federal Reserve Chairman Powell gave a speech, saying that the economic conditions are still good and the Fed does not need to rush into taking interest rate policy actions. It will wait and see how President Trump's radical policy actions work before adjusting monetary policy. These remarks eased investors' concerns about the worsening economy, and the downward trend in bond yields drove U.S. stocks to fall first and then stabilize on Friday.  After the Dow opened 76 points lower, the decline widened to 403 points, hitting a low of 42,175 points; it then rebounded, at one point rising 319 points to a high of 42,898 points.  The S&P 500 fell 1.26%, while the tech-heavy Nasdaq Composite fell as much as 0.95%.


 At the close of the U.S. market, the Dow Jones Industrial Average rose 222 points, or 0.52%, to 42,801 points; the S&P 500 rose 31 points, or 0.55%, to 5,770 points; and the Nasdaq rebounded 126 points, or 0.7%, to 18,196 points.  For the whole week, the Dow Jones Industrial Average still recorded a 2.4% drop; the S&P 500 fell 3.1%, the worst single-week performance since September last year; and the Nasdaq fell 3.5%.

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