Investment 12/3/2025
The Hang Seng Index opened 508 points lower at 23,274 points, and then fell 545 points to 23,238 points. The decline narrowed and the index rose 75 points to 23,858 points. It closed down 1 point at 23,782 points. The Technology Index rose 81 points, or 1.38%, to 5,967 points. The main board traded. HK$ 307 billion .
The market is worried that the US economy will fall into recession. The three major US stock indexes fell sharply overnight. It is believed that short-term adjustment pressure still exists. Hong Kong stocks followed the external market downward on Tuesday (11th), but the decline narrowed due to the continued inflow of northbound funds. Investors are concerned about whether the mainland will take further favorable measures to support the economy. At the same time, the market is looking forward to the meeting between the Chinese and US heads of state, which may boost the stock market performance. However, the Hang Seng Index has not faced much resistance in rising to its last high of 24,700 points. In addition, the overbought situation has not been completely improved. In the short term, there is a chance that the Hang Seng Index will gradually adjust downward and test the support of the 20-DMA (23,171). It is not advisable to be too optimistic for the time being.
European stocks continued to fall, with UK, French and German stocks falling 1.21%, 1.31% and 1.29% respectively.
US President Trump suddenly announced that the tariffs on Canadian steel and aluminum imports would be doubled to 50%, and Citigroup downgraded its investment rating for US stocks, further impacting market confidence and causing US stocks to continue to be under pressure on Tuesday. After opening 73 points lower, the Dow Jones Industrial Average fell as much as 736 points, with a low of 41,175 points; the S&P 500 fell 1.53% at one point, 10% below its historical high, hitting the technical adjustment zone; the Nasdaq fell 1.32%.
At the close of U.S. stock markets, the Dow Jones Industrial Average was at 41,433, still down 478 points, or 1.14%; the S&P 500 fell 42 points, or 0.76%, to 5,572; and the Nasdaq fell 32 points, or 0.18%, to 17,436.
The U.S. dollar index fell as much as 0.6% to 103.22, the euro rose 1.04% to $1.0949, and the yen fell 0.57% to 148.11 per dollar. Bitcoin once rebounded 8.5% to $83,412.
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