Investment 20/5/2025

The Hang Seng Index opened 188 points lower at 23,156 points, and fell 285 points to 23,059 points at one point. It recovered its losses in the afternoon and rose 57 points to 23,402 points. It fell 12 points or 0.05% for the day to 23,332 points. The Technology Index fell 26 points or 0.49% to 5,255 points. The main board traded Hk$184.7 billion .


The latest mainland economic data generally fell short of expectations. In addition, the recent performance results of the major blue-chip stocks were generally under pressure. After the Hong Kong stock market rebounded by about 3,000 points from its low, it will face certain short-term selling pressure. If there is no new positive news, the Hang Seng Index has a chance to pull back to the 22,500 to 22,800 point level and then regain upward momentum after consolidation.


European stock markets developed differently, with French stocks closing down 0.04%, while British and German stocks rose 0.17% and 0.7% respectively.


The downgrade of the U.S. credit rating by rating agency Moody's has reignited market concerns about U.S. assets. The yield on U.S. 30-year long bonds rose above the psychological barrier of 5%. U.S. stocks fell first and then rose on Monday, with the S&P 500 rising for six consecutive trading days; the Dow Jones Industrial Average once fell by more than 300 points, but Morgan Stanley suggested that investors should buy at low prices. After opening 111 points lower, the Dow Jones Industrial Average fell as much as 317 points to a low of 42,337 points. It then rebounded, rising 187 points to a high of 42,842 points. The S&P 500 fell 1.05% at one point, while the Nasdaq, which is dominated by technology stocks, fell as much as 1.42%.


At the close of U.S. stock markets, the Dow Jones Industrial Average rebounded 137 points, or 0.32%, to 42,792 points; the S&P 500 rose 5 points, or 0.09%, to 5,963 points; and the Nasdaq rebounded slightly by 4 points, or 0.02%, to 19,215 points.


The U.S. dollar index fell 1.02% to a low of 100.064, the euro climbed 1.12% to $1.1288, the yen rose 0.71% to 144.67 per dollar; Bitcoin fell 1.92% to $102,108.

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