Investment 29/4/2025

Hong Kong stocks lack direction on the eve of futures settlement. The Hang Seng Index opened 91 points higher at 22,072 points, the highest point of the day. It fell 108 points in the early trading session to 21,817 points. It then rebounded and returned to a narrow range around 22,000 points. It fell 8 points or 0.04% for the day to 21,971 points. The Technology Index rose 5 points or 0.12% to 4,988 points. The main board traded HK$169 billion .


There is still room for negotiation between China and the United States, which is believed to ease the volatility of the market. In addition, with the long holiday approaching, investment sentiment may not be too high. In the absence of new news, Hong Kong stocks are expected to maintain a narrow range of fluctuations. The upper resistance of the Hang Seng Index is at 22,300 points, and the short-term support is at 21,700 points. If it fails, there is a chance to test 21,400 points. In the short term, we should pay attention to the impact of corporate performance on market conditions.


European stock markets were all positive, with UK, French and German stocks rising 0.02%, 0.5% and 0.13% respectively.


As the U.S. and other countries wait and see the progress of trade negotiations and the upcoming earnings of U.S. companies, U.S. stocks rebounded on Monday. The Dow Jones Industrial Average soared 300 points and then rose more than 100 points. The performance of major technology companies was generally poor, but the Nasdaq eventually recovered most of its lost ground. The Dow Jones Industrial Average opened 58 points higher and then rose 300 points to a high of 40,414 points. It then fell 244 points to a low of 39,869 points. The S&P 500 rose 0.51% at one point, but then fell 1.02%; and the Nasdaq fell as much as 1.46%.


At the close of U.S. stocks, the Dow Jones Industrial Average rose 114 points, or 0.28%, to 40,227 points; the S&P 500 rose slightly by 3 points, or 0.06%, to 5,528 points, marking its fifth consecutive day of gains; the Nasdaq Composite gave up 16 points, or 0.1%, to 17,366 points.


The U.S. dollar index fell 0.56% to 98.91 in the final trading session; the euro rose 0.53% to $1.1425, and the pound rose 0.99% at one point to $1.3444; the Bank of Japan is expected to remain on hold after its interest rate meeting this week, and the yen rose 1.13% to 142.04 per dollar. Bitcoin fell back 1.53% to $92,853.

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