Investment 20/3/2025
The Hang Seng Index opened 42 points lower at 24,697 points and then struggled between bulls and bears. It fell 138 points to 24,601 points, and then rose 133 points to 24,874 points, the highest in more than three years. It rose 30 points or 0.12% for the day to 24,771 points; the Technology Index fell 64 points or 1.05% to 6,041 points. The main board traded HK$271.8 billion .
Hong Kong stocks have repeatedly hit new highs and trading has remained active, reflecting that funds are still flowing into the Hong Kong stock market. The Hang Seng Index broke through the previous high of 24,669 points. It is expected that the market bottom will still be strong and there is a chance to test the 25,000 point mark in the short term. In fact, the Hang Seng Index started its upward trend from a low of 18,671 points at the beginning of the year. After several adjustments, it still maintained its 20-DMA (23,663), reflecting that the support level is strong. As long as it can be maintained above it, the outlook can continue to be optimistic.
European stock markets developed individually, with UK and French stocks rising 0.02% and 0.7% respectively, and German stocks giving up 0.4%.
After the U.S. Federal Reserve's interest rate meeting on Wednesday, it maintained its forecast to cut interest rates twice this year by a total of half a percentage point, while slowing the reduction of its balance sheet starting in April. Chairman Powell said at a press conference after the meeting that the U.S. economy remains strong. After the news was announced, U.S. stocks extended their gains. After opening 31 points higher, the Dow Jones Industrial Average's gains expanded to more than 300 points in the early trading session. Before the interest rate decision was announced, the gains narrowed to less than 100 points. After the interest rate decision was released, the Dow Jones Industrial Average resumed its upward trend, soaring as much as 597 points to 42,178 points. The S&P 500 rose 1.79% at one point, and the Nasdaq rose as much as 2.36%.
At the close of the U.S. market, the Dow Jones Industrial Average narrowed its gains to 383 points, or 0.92%, to 41,964 points; the S&P 500 rose 60 points, or 1.08%, to 5,675 points; and the Nasdaq rose 246 points, or 1.41%, to 17,750 points.
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