Investment 23/4/2025

Hong Kong stocks fell and then rose after the long holiday. The Hang Seng Index opened 91 points lower at 21,303 points, and fell 204 points to 21,191 points in the early trading session. It then gradually recovered its losses and rose 197 points to 21,592 points in the afternoon. It rose 167 points or 0.78% for the day to 21,562 points. The Technology Index rose 11 points or 0.24% to 4,899 points. The main board traded HK$251.3 billion .

The Sino-US trade war has not yet shown any signs of serious deterioration, so the Hong Kong stock market rebounded after the resumption of trading. Technically speaking, the gap in the Hong Kong stock market has not been filled. It is expected that if the Hang Seng Index does not fall below the 100-DMA (21,281), there is still room for upward movement. However, under the shadow of the trade war, the Hang Seng Index will face resistance in testing the 20-DMA (22,126) in the short term.

European stock markets fluctuated and stabilized after the holiday, with UK, French and German stocks rising 0.64%, 0.56% and 0.41% respectively.

As investors digested concerns about the possible removal of Federal Reserve Chairman Powell, U.S. stocks rebounded significantly on Tuesday. The Dow Jones Industrial Average opened 345 points higher, and the mid-session gain expanded to 1,101 points, reaching a high of 39,272 points, recovering all losses on Monday. The S&P 500 rose as much as 2.94%, and the Nasdaq rebounded 3.4%.

At the close of the U.S. market, the Dow Jones Industrial Average was at 39,186, up 1,016 points, or 2.66%; the S&P 500 rose 129 points, or 2.51%, to 5,287; and the Nasdaq rose 429 points, or 2.71%, to 16,300.

The U.S. dollar index rebounded by 0.72% to 98.99; the euro fell 0.8% in the late trading to $1.1422; the yen rose above 140 against the dollar for the first time since September last year, and rose as much as 0.69% to 139.89. Bitcoin re-entered $90,000, rising 5.4% to $91,706 at one point.