Investment 28/4/2025

Last Friday, the Hang Seng Index opened 170 points higher at 22,080 points, and rose 358 points to 22,267 points. The gains gradually narrowed in the afternoon, and the full-day increase was 70 points or 0.32% to 21,980 points. The 22,000 mark was lost again, and the weekly increase was 585 points. The Technology Index rose 7 points or 0.14% to 4,982 points. The main board traded HK$208 billion .

The Hang Seng Index rose to 24,874 in mid-March, a new high for the year, but was constrained by the 25,000 mark. It fell through a huge gap (21,211 to 22,638) last Monday, and then rebounded into the gap area. It has recently been crossing the 20-DMA (21,877). For three consecutive days, there have been signals of contention such as dojis and gyroscopes, and the rebound momentum has weakened. If the Hang Seng Index continues to rebound, there is a chance that it will fully fill the above-mentioned huge gap. If it can stabilize above it and the turnover can return to HK$300 billion , there is still a chance for it to move further up in the future, and the June target can be seen at 24,000 points. If the market turns down, the 100-DMA (21,361) is expected to provide short-term support.

European stock markets closed stable, with UK, French and German stocks rising 0.09%, 0.45% and 0.81% respectively.

U.S. stocks consolidated repeatedly at high levels on Friday. After the Dow opened 47 points lower, the decline widened to 374 points, hitting a low of 39,718 points. The S&P 500 rose 0.79% at one point, and the Nasdaq climbed as much as 1.39%.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 20 points, or 0.05%, to 40,113 points; the S&P 500 rose 40 points, or 0.74%, to 5,525 points; and the Nasdaq rose 216 points, or 1.26%, to 17,382 points. Last week, the Dow Jones Industrial Average climbed 2.5%, the S&P 500 rose 4.6%, and the Nasdaq rebounded 6.7%, all of which were the second positive weeks in the past three weeks.

The U.S. dollar index rose 0.51% to 99.89, the euro fell 0.65% to $1.1316, and the yen fell 0.98% to 144.03 per dollar. Bitcoin rose as much as 2.8% to $95,633.

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