Investment 27/3/2025

The Hang Seng Index opened 116 points higher at 23,460 points, and then rose 252 points to 23,596 points, up 139 points or 0.59% for the day to 23,483 points; the Technology Index rose 55 points or 1% to 5,573 points. Main board trading volume dropped to HK$199.7 billion .

The Hong Kong stock market has seen a significant adjustment in recent days. Although it rebounded yesterday, it was still technically constrained by the 20-DMA (23,785), and the trend showed signs of weakening. In addition, many companies "died in the spotlight" after announcing their results, and some companies took advantage of high share allotments to raise funds, which also dragged down the performance of the overall market. However, the Hang Seng Index has already adjusted a lot and there is limited room for further decline in the short term. Looking ahead, Morgan Stanley raised its year-end target for the Hang Seng Index from 24,000 points to 25,800 points, which represents a 9.86% upside from yesterday's closing price.

European stock markets developed differently, with British stocks rising 0.3%, French stocks falling 0.96% and German stocks falling 1.17%.

Concerns about the Trump administration's reciprocal tariff policy linger, and the White House also announced that Trump will announce auto tariffs after the U.S. stock market closes on Wednesday. In addition, the Congressional Budget Office (CBO) warned that the Treasury Department faces the risk of default as early as August, which hit market sentiment. U.S. stocks rose first and then fell on Wednesday, with large technology stocks under pressure. After opening 68 points higher, the Dow Jones Industrial Average's gains expanded to as much as 234 points, reaching a high of 42,821 points. However, the gains evaporated in the middle of the session and the market fell back, falling as much as 260 points in the final session to a low of 42,326 points. The S&P 500 fell 1.42% at one point, and the Nasdaq, which is dominated by technology stocks, fell as much as 2.38%.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 132 points, or 0.31%, to 42,454 points; the S&P 500 fell 64 points, or 1.12%, to 5,712 points; and the Nasdaq fell 372 points, or 2.04%, to 17,899 points.

The U.S. dollar index rebounded 0.43% to 104.63, the euro fell 0.45% to $1.0744, and the yen fell 0.57% to 150.77 per dollar. The UK slashed its local economic forecast for this year by half to 1%, and the pound fell as much as 0.53% to $1.2875. Bitcoin slipped as much as 2.6% to $85,984.

President Trump announces 25% tariff on non-US-made cars

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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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