Investment 3/3/2025

Under the shadow of tariffs, Hong Kong stocks were under significant pressure on the last trading day of February. The Hang Seng Index opened 102 points lower at 23,616 points and continued to fall. It fell 919 points to 22,798 points in the afternoon, and fell 776 points or 3.27% for the day to 22,941 points. The Technology Index fell 312 points or 5.32% to 5,568 points.  The main board traded HK$406.2 billion .


 The Hong Kong stock market has accumulated a lot of gains. At this stage, the Hang Seng Index faces certain resistance at 24,000 points. In addition, the market is worried that the Sino-US trade war will escalate again, which has led to a pullback in the Hong Kong stock market.  It is crucial to note whether the Hang Seng Index can return to above the 10-DMA (23,142) today. If it wants to retrace the fibo 0.382 of this uptrend, it will reach the 22,000 point level.  If it falls below, there is a chance of a pullback to a deeper level.  In the current volatile market conditions, investors may consider profiting from technology stocks that have accumulated a certain amount of gains.  However, there is still room for upward correction in Hong Kong stock valuations, and other lagging sectors can continue to be held.


 In European stock markets, British and French stocks rose 0.61% and 0.11% respectively, while German stocks rose less than one point.


 The slowdown in US inflation provided room for the Federal Reserve to cut interest rates, and US stocks rose sharply on Friday.  After opening 20 points higher, the Dow Jones Industrial Average's gains expanded to more than 200 points. Later, President Trump's meeting with Ukrainian President Zelensky at the White House broke down, and the two had fierce verbal disputes on several occasions, casting a shadow on the prospects of Russia-Ukraine peace talks, dragging the Dow Jones Industrial Average down by as much as 138 points, hitting a low of 43,100 points; it then rose by 634 points, hitting a high of 43,873 points; the Nasdaq, which is dominated by technology stocks, fell as much as 0.92%, and then both it and the S&P 500 closed close to their all-day highs.


 At the close of U.S. stocks, the Dow Jones Industrial Average was at 43,840, up 601 points, or 1.39%; the S&P 500 rebounded 92 points, or 1.59%, to 5,954; and the Nasdaq jumped 302 points, or 1.63%, to 18,847.

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