Investment 11/3/2025

The Hang Seng Index opened 115 points lower at 24,115 points, and then rose 61 points to 24,292 points. The selling pressure then intensified, and it fell 598 points to 23,632 points in the afternoon. It fell 447 points or 1.84% for the day to 23,783 points; the Technology Index fell 151 points or 2.51% to 5,885 points. The main board's turnover exceeded HK$ 301.8 billion .

 The economic data released recently in the mainland was worse than expected, and the pressure on the stock market has gradually emerged. The Hong Kong stock market has risen a lot since February, and the Two Sessions market has also fermented to a certain extent. In the absence of positive news and severe overbought, the Hang Seng Index must consolidate. It is expected that the up gap of last Thursday (23,636 to 23,987) will be filled today, and there is a chance to test the 20-DMA (23,046) support.

 European stocks fell across the board, with UK, French and German stocks falling 0.92%, 0.9% and 1.69% respectively.

 Morgan Stanley warned that as concerns grow that tariffs and Washington's reduction in fiscal spending may hit corporate profits, U.S. stocks have a chance to fall another 5%. Coupled with the fact that U.S. President Trump did not rule out the possibility of an economic recession during his visit, U.S. stocks fell rapidly on Monday. After the Dow opened 294 points lower, the decline widened to 1,188 points, with a low of 41,612 points. The S&P 500 fell 3.57%, and the Nasdaq, which is dominated by technology stocks, plunged as much as 4.97%. The VIX volatility index, commonly known as the "fear index," climbed to a high of 29.56, up 26.5%.

 At the close of U.S. stocks, the Dow Jones Industrial Average was at 41,911, down 890 points, or 2.08%; the S&P 500 fell 155 points, or 2.7%, to 5,614; and the Nasdaq fell 727 points, or 4%, to 17,468. The S&P 500 plunged 3.1% last week, its biggest drop since September last year.

 The US dollar index fell 0.27% to 103.559 at one point, and then rebounded to 104, an increase of 0.15%; the euro rose as much as 0.4% to $1.0878, and then fluctuated weakly; the Japanese yen rose 0.95% to 146.64 per dollar. Bitcoin fell below $78,000 in one fell swoop, hitting a low of $77,557, a drop of 7.5%.

 Below: Image of the star-forming region Sh2-284 taken by NASA's Hubble Space Telescope

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Investment 24/4/2026

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