Investment 26/3/2025

The Hang Seng Index opened 262 points lower at 23,643 points, and the decline w$idened to 583 points at one point, hitting a low of 23,321 points. It fell 561 points or 2.34% for the day to 23,344 points; the Technology Index fell 219 points or 3.82% to 5,517 points. The main board traded  HK$ 285.2 billion .


Although the United States may narrow the scope of import tariffs, the trade relationship between the two countries remains unclear, which is expected to drag down the market sentiment. The Hong Kong stock market is worried about the wave of fund-raising and withdrawal. The Hang Seng Index lost its 20-DMA (23,800) and the trend quickly turned bad. The short-term resistance to return to this level is not light and it cannot be easily broken through. The risk-reward ratio of entering the market is not high at this stage.


UK, French and German stocks rose 0.3%, 1.08% and 1.13% respectively.


Although tariff concerns have caused U.S. consumer confidence to fall to a four-year low, the decline in bond yields has provided support for U.S. stocks. U.S. stocks fluctuated upward on Tuesday, large technology stocks performed relatively steadily, and the S&P 500 rose for three consecutive trading days.



After opening 52 points higher, the Dow Jones Industrial Average climbed as much as 113 points to a high of 42,696 points; the S&P 500 rose 0.34% and the Nasdaq, which is dominated by technology stocks, rose 0.51% at one point.


At the close of U.S. stocks, the Dow Jones Industrial Average was at 42,587 points, rebounding 4 points; the S&P 500 rose 9 points, or 0.16%, to 5,776 points; and the Nasdaq rose 83 points, or 0.46%, to 18,271 points.


The U.S. dollar index fell 0.31% to 103.94 at one point, the euro rose 0.28% to $1.0832, and then softened; the yen rose 0.76% to 149.56 per dollar. Nomura strategists believe that if the market instability caused by tariffs subsides, investors will become more convinced that the Bank of Japan may raise interest rates between April and June, long position unwinding may push the yen down to 153. Bitcoin briefly retreated 1.76% to $86,336 before stabilizing.

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