Investment 28/3/2025

The Hang Seng Index opened 60 points higher at 23,543 points, then fell 110 points to 23,372 points. It then rose 382 points to 23,865 points, and rose 95 points or 0.4% for the day to 23,578 points. The Technology Index rose 16 points or 0.28% to 5,589 points. Main board turnover increased to HK$239.6 billion.


Affected by US President Trump's tariff policy, US stocks continued to adjust. As for the Hong Kong stock market, there has been a recent struggle between bulls and bears, and overall trading volume has also shrunk, reflecting that investors are cautious in entering the market. Hong Kong stocks have risen a lot from lows. The market is currently in a state of healthy adjustment after a sharp rise. It is expected that the Hang Seng Index will mainly consolidate at the 20-DMA(23,778) in the short term. Before the US tariffs are settled on April 2, the Hong Kong stock market will fluctuate and have no clear direction. Most of the positive factors may reflect that more data may be needed in the future to prove that corporate profits and economic growth are sustainable in order to drive the market further upward.


European stock markets were under pressure, with UK, French and German stocks falling 0.27%, 0.51% and 0.7% respectively.


Tariff concerns continued to plague the market. U.S. stocks fell repeatedly on Thursday. The Dow opened 21 points lower and the decline widened to as much as 312 points, hitting a low of 42,142 points. It then fluctuated and was weak. The S&P 500 fell 0.72%, and the Nasdaq, which is dominated by technology stocks, fell as much as 0.87%.


At the close of U.S. stocks, the Dow Jones Industrial Average was at 42,299, down 155 points, or 0.37%; the S&P 500 fell 18 points, or 0.33%, to 5,693; and the Nasdaq fell 95 points, or 0.53%, to 17,804.


The U.S. dollar index fell 0.46% to 104.07 at one point, the Japanese yen also fell 0.38% to 151.15 per dollar, and the euro rose 0.63% to $1.0823. Bitcoin fell back 1.66% to $85,836.


Goldman Sachs Group Inc. grew increasingly bullish on the precious metal, raising its gold price forecast for the end of this year to $3,300 an ounce from $3,100 an ounce last month, citing stronger-than-expected central bank demand and inflows into gold exchange-traded funds. The spot gold price is currently reported at $3,023.

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Investment 24/4/2026

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