Investment 5/3/2025

The new US tariff measures dragged down the investment atmosphere. The Hang Seng Index opened 328 points lower at 22,678 points, and then fell 458 points to 22,547 points. The decline then gradually narrowed. It rose 44 points in the afternoon to 23,051 points. It fell 64 points or 0.28% for the day to 22,941 points. The Technology Index fell less than 1 point to 5,535 points.  The main board traded HK$269.5 billion .


 The market has already had certain expectations for the news that the United States will impose additional tariffs on China, but the United States imposes a 25% tariff on Mexican and Canadian goods. The market is worried that this may push up US inflation and cause volatility in the US stock market, and Hong Kong stocks may be dragged down.  It is expected that the initial support of the Hang Seng Index will be at the 20-DMA (22,455). If it fails, there is a chance to test 22,000 points.  However, as the two sessions of the mainland have officially kicked off, the market's expectations for policies may become a catalyst for the market rebound.


 Cheung Kong Holdings (00001) has just announced plans to sell ports in Panama and other places to a consortium including US-based BlackRock, raising US$19 billion in cash.


 European stock markets came under pressure, with the UK, France and Germany stock markets falling 1.27%, 1.85% and 3.54% respectively.


 Mexico announced that it would take countermeasures against US tariffs. Under the shadow of the global trade war, funds poured into safe-haven assets. US stocks fell for two consecutive days. After the Dow opened 150 points lower, the decline widened to 843 points to 42,347 points; the S&P 500 fell 1.62%; and the Nasdaq, which is dominated by technology stocks, fell 2.14%.  The S&P 500 erased all of its gains since Trump was elected president last November.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 1.57%, or 670 points, to 42,520 points; the S&P 500 fell 71 points, or 1.22%, to 5,778 points; and the Nasdaq Composite dropped 65 points, or 0.35%, to 18,285 points.


 The U.S. dollar index continued to fall by 0.81% to 105.878, while the Japanese yen rose by as much as 0.94% to a high of 148.1 per dollar.  The euro rose 0.69% to $1.0559, a new high this year.  Bitcoin was sold off, falling 4.4% to $81,483.

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Investment 24/4/2026

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