Investment 7/3/2025
The US-China stock index performed well overnight, and the Hong Kong stock market re-entered the 24,000 mark, setting a three-year high. The Hang Seng Index opened 392 points higher and continued to rise, rising as much as 816 points in the afternoon to 24,410 points. It rose 775 points or 3.29% for the day to 24,369 points. The Technology Index rose 310 points or 5.4% to 6,068 points. The market turnover was HK$377.1 billion .
The Hang Seng Index has re-crossed the 24,000 mark and is expected to challenge the 24,500 level in the future. The support below is at 23,500 points. Although the market still has momentum in the short term, we must pay attention to external tariff policies and mainland economic measures, which may cause market fluctuations. Be careful of the so-called DeepSeek effect. In addition to leading technology stocks, data center and AI application stocks are also being hyped. Be aware that the share prices of related stocks are highly volatile and could explode at any time!
European stock markets developed individually, with German stocks repeatedly setting new record closing highs, with the DAX index rising 1.47%, British stocks falling 0.83% and French stocks rising 0.29%.
Trump has temporarily suspended additional tariffs on some goods from Canada and Mexico, but the news failed to calm Wall Street investors' concerns about the effects of the tariff policy, and U.S. stocks fell sharply again on Thursday. After opening 158 points lower, the Dow Jones Industrial Average had already fallen by more than 600 points in early trading. It then narrowed the decline to only 36 points, reaching a high of 42,970 points, mainly due to expectations that the Trump administration would suspend the imposition of tariffs. However, it continued to test the intraday low in the final stage, slipping 625 points to a low of 42,381 points. The S&P 500 fell as much as 2.24%, while the tech-heavy Nasdaq Composite Index's decline widened to 3.08%, hitting a low of 17,980 points. The VIX volatility index, commonly known as the "fear index," once rose 18.2% to 25.92.
At the close of U.S. stocks, the Dow Jones Industrial Average was at 42,579, down 427 points, or 0.99%; the S&P 500 fell 104 points, or 1.78%, to 5,738; and the Nasdaq Composite dropped 483 points, or 2.61%, to 18,069, more than 10% lower than its all-time closing high of 20,173 points on December 16 last year, and technically fell into an adjustment zone.
The US dollar index fell 0.52% to 103.76. The European Central Bank cut interest rates by 0.25 percentage points as expected, but hinted that the rate cut action was nearing the end. The euro rose 0.59% to $1.0854; the yen rose 1.05% to 147.32 per dollar. Bitcoin fell 5% to $88,145.
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