Investment 4/3/2025

Mainland manufacturing data exceeded expectations, but Hong Kong stocks fluctuated on the first trading day of March.  The Hang Seng Index opened 193 points higher at 23,135 points, and the increase once expanded to 464 points, reaching a high of 23,405 points. However, it came under pressure in the afternoon and fell 79 points to 22,861 points. It rose 64 points or 0.28% for the day to 23,006 points; the Technology Index fell 32 points or 0.58% to 5,535 points.  The main board traded HK$301.8 billion .


 The market is looking forward to the release of favorable policies at the two sessions. The Hang Seng Index rebounded on Monday (3rd) following the external market, but it has not been able to regain the 10-DMA (23,181). Even if it rebounds again, it is believed that it will still be constrained by the 24,000 level in the short term, and 22,500 to 22,800 points are the lower defense levels.  In the medium and long term, the target of 25,000 points remains unchanged.  In terms of sectors, we can pay attention to whether domestic real estate, retail and consumer stocks will benefit from the two sessions.


 European stock markets performed well, with UK, French and German stocks rising 0.7%, 1.09% and 2.64% respectively.


 The U.S. imposed additional tariffs on Canada and Mexico, as well as an additional 10% tariff on Chinese imports, which took effect on Tuesday (4th). Coupled with the disappointing U.S. manufacturing data, U.S. stocks rose and then plummeted on the first trading day of March. The Dow opened 59 points higher on Monday, and rose as much as 192 points to 44,033 points. Afterwards, U.S. President Trump reiterated that tariffs would be imposed on Canada and Mexico starting on Tuesday, and reiterated that reciprocal tariffs would be imposed on April 2. The Dow plummeted 921 points at one point, hitting a low of 42,919 points; the S&P 500 fell as much as 2.41%; and the Nasdaq, which is dominated by technology stocks, fell 3.35% at one point.


 At the close of U.S. stock markets, the Dow Jones Industrial Average fell 649 points, or 1.48%, to 43,191 points; the S&P 500 fell 104 points, or 1.76%, to 5,849 points; and the Nasdaq fell 497 points, or 2.64%, to 18,350 points.


 The U.S. dollar index fell 1.06% to 106.47 at one point; the Japanese yen rose 1% to a high of 149.1 per dollar.  The euro rose as much as 1.23% to $1.0506; the pound also rose 1.11% to $1.2719.


 Trump again proposed establishing a strategic reserve of cryptocurrencies. The prices of many cryptocurrencies soared over the weekend, but were hit by a sell-off on Monday.  After Bitcoin surged on Sunday, it fell as much as 10.2% on Monday to $85,225

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Investment 24/4/2026

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