Investment 16/4/2025

Hong Kong stocks rose for six consecutive days. The Hang Seng Index opened 186 points or 0.87% higher before falling back and then hovering around 21,400 points. It rose 48 points or 0.23% to 21,466 points throughout the day; the Technology Index fell 33 points or 0.67% to 4,981 points. The main board's turnover exceeded HK$185 billion .


The Hong Kong stock market rose for 6 consecutive days, with a cumulative increase of 1,637 points. Adjustments are expected. If the Hang Seng Index can hold the 100-DMA (21,231), it is expected to test the resistance of the 50-day moving average (22,741) after the adjustment. Although the weakening of the US dollar is also beneficial to the Hong Kong stock market, the ongoing Sino-US struggle is unlikely to be resolved in a short period of time. It is expected that the market will have a greater chance of fluctuating between the 50-DMA and 100-DMA. The trade game between China and the United States will continue, and is expected to continue to suppress the performance of the Chinese and Hong Kong stock markets in the medium and long term. Gold mining stocks can benefit from the rise in international gold prices, but the gold price is currently at an overbought level and may experience a short-term pullback, testing the support level of USD 3,000. Gold mining stocks have a chance to follow the correction and it is advisable to wait for the gold price to stabilize before entering the market again.


European stock markets performed better across the board, with UK and German stocks both closing up more than 1.4% and French stocks rebounding 0.86%.


The good performance of major Wall Street banks and the stabilization of the U.S. bond market are positive for market sentiment. However, the latest trade negotiations between the EU and the United States reportedly made little progress, with the former expecting most tariffs to remain. The news limited the gains of U.S. stocks. The Dow Jones Industrial Average opened slightly higher by 3 points, and the gain then expanded to as much as 266 points, reaching a high of 40,791 points. It then fell 177 points in the final stage, reaching a low of 40,346 points. The S&P 500 also rose first and then softened, rising by 0.82% at one point. The Nasdaq, which is dominated by technology stocks, rose as much as 0.88% but eventually fell.


At the close of U.S. stocks, the Dow Jones Industrial Average fell 155 points, or 0.38%, to 40,368 points; the S&P 500 fell 9 points, or 0.17%, to 5,396 points; and the Nasdaq fell 8 points, or 0.05%, to 16,823 points.


The U.S. dollar index re-crossed the 100 mark, rising 0.64% to 100.28 at one point; the euro fell 0.75% to $1.1267; the yen rose as much as 0.32% to 142.6 per dollar. The top cryptocurrency, Bitcoin, rose 1.89% to $86,450 at one point.

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
閱讀完整內容

Investment 24/4/2026

圖片
The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
閱讀完整內容

Investment 27/4/2026

圖片
The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
閱讀完整內容