Investment 24/3/2025

After opening 110 points lower last Friday, the Hang Seng Index slightly rebounded by 10 points to 24,230 points in the early trading session. Selling pressure reappeared afterwards and the decline gradually widened. In the afternoon, it fell 642 points to a low of 23,577 points. It fell 530 points or 2.18% throughout the day and closed at 23,689 points, falling below the 20-DMA(23,756).  The technology index fell 196 points, or 3.37%, to 5,639 points.  The Main Board's turnover was HK$339 billion.


 The Hong Kong stock market fell for the second consecutive day, with the Hang Seng Index falling 1,081 points in two days. For the whole week, the Hang Seng Index fell 270 points or 1.12%, and the trend showed signs of deteriorating.


 The market's mid-term uptrend started from the low of 18,671 points on January 13 this year. There were two obvious pullbacks during the period until last Friday. The first was the Hang Seng Index falling from the high of 24,076 points on February 27 to the low of 22,547 points on March 4, a correction of 1,529 points. The second was the decline from the high of 24,669 points on March 7 to the low of 23,198 points on March 13, a total correction of 1,471 points.  It rose to 24,874 points last week, hitting a new high this year. However, there was a dense area at the 25,000 point level from January to February 2021, which posed considerable resistance. It turned around after rising to it last week.  It is expected that the Hang Seng Index has started a short-term adjustment. The key lies in whether it can defend and stabilize the 20-DMA, and whether it is just a normal correction after a sharp rise.  Otherwise, there  will be no breakthrough in the short term.


 European stocks closed weak, with UK, French and German stocks falling 0.63%, 0.63% and 0.47% respectively.


 The latest poor performance of US companies has intensified market concerns about the global economic outlook. US stocks stabilized after a sharp drop on Friday. Morgan Stanley strategist Michael Wilson estimated that US stocks will not break the peak again in the first half of this year.  Friday is the "Quadruple witching day" for U.S. stocks, which is the settlement day for futures and options on indexes and individual stocks. According to past records, market conditions are generally more volatile.  After the Dow opened 189 points lower, the decline widened to as much as 519 points, with the lowest point being 41,433 points. The S&P 500 fell 1.06%, and the Nasdaq, which is dominated by technology stocks, fell 1.23% at one point.


 At the close of U.S. stocks, the Dow Jones Industrial Average was at 41,985 points, rebounding 32 points, or 0.08%; the S&P 500 rose 4 points, or 0.08%, to 5,667 points; and the Nasdaq rose 92 points, or 0.52%, to 17,784 points.  For the whole week, the Dow Jones Industrial Average gained 1.2%, the S&P 500 rebounded 0.5%, and the Nasdaq climbed 0.2%.


 The U.S. dollar index rose 0.36% to 104.22, the euro fell 0.49% to $1.0801, and the yen fell 0.59% to 149.66 per dollar.  Bitcoin fell as much as 1.7% to $83,321.

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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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