Investment 15/5/2025

The Hang Seng Index opened 208 points higher at 23,316 points and maintained its upward trend. The gains further expanded in the afternoon and finally closed at the intraday high of 23,640 points, up 532 points or 2.3%. The Technology Index rose 112 points or 2.12% to 5,381 points. The Main Board's turnover was HK$222.8 billion.

In the short term, the Hang Seng Index will continue to hover around 23,500 points and may challenge 24,000 points. However, the Hong Kong stock market has rebounded a lot from the lows in April, and it will be difficult to break through the mid-March high of 24,874 points. China and the United States have reached a temporary agreement to reduce tariffs, and subsequent developments still deserve market attention.

European stock markets were weak, with UK, French and German stocks falling 0.21%, 0.47% and 0.47% respectively.

As US President Trump continued his visit to the Middle East, the market looked forward to more trade agreements. US stocks developed individually on Wednesday, led by large technology companies. The Dow Jones Industrial Average opened slightly higher by 9 points and rose as much as 114 points to 42,254. It then fluctuated and fell by 187 points to 41,952. The S&P 500 rose by 0.34% and the Nasdaq rose by as much as 0.87%.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 89 points, or 0.21%, to 42,051 points; the S&P 500 rose 6 points, or 0.1%, to 5,892 points; and the Nasdaq rose 136 points, or 0.72%, to 19,146 points.

The U.S. dollar index fell 0.72% to 100.271 at one point, and then rose slightly; the Japanese yen rose 1.27% to 145.61 per dollar; the euro rose 0.72% to $1.1266 at one point, and then fell slightly. Bitcoin fell as much as 1.82% to $102,791.