Investment 19/3/2025

The Hang Seng Index opened 533 points higher at 24,679 points and maintained its upward trend. It rose 599 points in the afternoon to 24,745 points, a new high in more than three years. It closed close to the high for the day, up 595 points or 2.46% to 24,740 points, rising for the third consecutive trading day; the Technology Index rose 232 points or 3.96% to 6,105 points.  The main board traded HK$285.9 billion .


 The current market trend is constrained by two major factors, including China's economic growth prospects and US President Trump's tariff policy on China, both of which cast a shadow over the Chinese and Hong Kong stock markets.  After a round of sharp rise, the technical trend of Hong Kong stocks showed signs of weakening. Coupled with the serious overbought situation, the Hang Seng Index may have to return to the previous high of 24,669 points for consolidation before going up again in the short term.


 Germany made history by passing a bill to increase fiscal spending. European stocks were all positive, with UK, French and German stocks rising by 0.29%, 0.5% and 0.98% respectively.


 The U.S. Federal Reserve held a two-day interest rate meeting on Tuesday. At the same time, Russian President Vladimir Putin and U.S. President Donald Trump spoke on the phone to discuss the ceasefire in Ukraine. U.S. stocks fell again after rebounding on Monday, and investors turned to European stocks.  The Dow Jones Industrial Average opened 68 points lower on Tuesday, and then its decline widened to as much as 426 points, hitting a low of 41,415; the S&P 500 fell 1.36%, and the Nasdaq fell sharply by 2.12% at one point.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 260 points, or 0.62%, to 41,581 points; the S&P 500 fell 60 points, or 1.06%, to 5,614 points; and the Nasdaq Composite dropped 304 points, or 1.71%, to 17,504 points.


 The US dollar index rose 0.3% to 103.68, and then fell 0.16% to 103.2; the euro once rose 0.3% to $1.0957, and then stabilized; the Japanese yen fell 0.48% to 149.93 per dollar.  Bitcoin fell 3.27% to $81,216 at one point.  As tensions in the Middle East escalate and concerns about a trade war spread, international gold prices continued to hit new highs, with spot gold prices rising 1.24% to $3,038.33 an ounce at one point.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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