Investment 14/3/2025

The Hang Seng Index opened 16 points higher at 23,616 points, and then rose 112 points to 23,712 points. It then encountered resistance and fell back. It fell 401 points in the afternoon to a low of 23,198 points. It fell 137 points or 0.58% for the day to 23,462 points. The Technology Index fell 97 points or 1.67% to 5,747 points.  The Main Board's turnover was HK$233.8 billion.


 The US consumer price index last month was lower than expected, reducing market concerns about inflation.  However, more tariff measures were announced at the same time, dragging the Dow Jones Industrial Average down overnight.  The external environment continued to fluctuate, and the Hong Kong stock market fell for five consecutive days. The Hang Seng Index fell by 907 points, marking the longest decline this year.  However, the Hong Kong stock market has shown resilience recently. Although the Hang Seng Index has temporarily fallen below the 24,000 mark, there is little pressure for further sharp declines.  In particular, a number of leading technology stocks are still popular among investors and are believed to support the overall market performance. The Hang Seng Index is expected to fluctuate mainly around the 20-DMA (23,340) in the short term.


 European stock markets developed differently, with UK stocks rebounding 0.02%, French stocks and German stocks closing down 0.64% and 0.48% respectively.


 Although U.S. price pressures have eased, trade war news continues to plague the investment market. In addition, JPMorgan Chase raised the probability of a U.S. recession from 30% to 40%.  If Trump's tariffs take effect in April, the rate may rise again to 50%. Another 95% of economists believe that the tariff policy increases the risk of recession.  U.S. stocks fell sharply again on Thursday. The Dow Jones Industrial Average opened 70 points lower and then fell as much as 689 points in the final stage to 40,661. The S&P 500 fell 1.69% at one point, and the Nasdaq, which is dominated by technology stocks, fell 2.32%.


 At the close of U.S. stocks, the Dow Jones Industrial Average was still down 537 points, or 1.3%, to 40,813 points; the S&P 500 fell 77 points, or 1.39%, to 5,521 points, 10.1% lower than its historical closing high in February, technically falling into a correction zone; the Nasdaq fell 345 points, or 1.96%, to 17,303 points.


 The U.S. dollar index rebounded 0.45% to 104.08; the euro fell 0.6% to $1.0823; the yen rose 0.57% to 147.41 per dollar.  Bitcoin fell 4.9% to the brink of $80,000.


 The Michelin Bib Gourmand list was announced last week, and the prestigious MICHELIN Guide Ceremony Hong Kong & Macau 2025 was also announced yesterday (13th).

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