Investment 22/5/2025
The Hang Seng Index opened 54 points higher at 23,736 points, and then rose 235 points to 23,917 points. It rose 146 points or 0.61% for the day to 23,827 points; the Technology Index rose 26 points or 0.5% to 5,342 points. The Main Board's turnover was HK$216.2 billion.
The Hong Kong stock market has been hot recently, and coupled with a series of measures taken by the mainland earlier, such as interest rate cuts and reserve requirement ratio cuts, these two factors have boosted investors' willingness to enter the market and capital liquidity, driving the Hong Kong stock market to maintain a repeated upward trend recently. The central government also mentioned earlier that more measures to "save the economy and protect employment" will be introduced before June, which is expected to further drive the Hang Seng Index to fluctuate upward and may challenge the upper line of the Bollinger Band at 24,100 points, but there is considerable resistance at the mid-March high of 24,874 points.
European stock markets developed individually, with UK and German stocks rising 0.06% and 0.36% respectively, while French stocks fell 0.4%.
The results of the U.S. 20-year Treasury bond auction showed weak market demand, higher U.S. bond yields, and mixed performance of retailers, resulting in a triple kill of stocks, bonds and currencies in the United States on Wednesday; the Dow Jones Industrial Average opened sharply lower by 322 points, and the decline widened to 892 points in the late stage, hitting a low of 41,785 points; the S&P 500 fell 1.84%, and the Nasdaq, which is dominated by technology stocks, fell as much as 1.79%.
At the close of U.S. stocks, the Dow Jones Industrial Average was at 41,860, down 816 points, or 1.91%; the S&P 500 fell 95 points, or 1.61%, to 5,844; and the Nasdaq Composite fell 270 points, or 1.41%, to 18,872.
Before the G7 meeting, the market speculated that the United States might seek cooperation with other countries to push down the dollar exchange rate. The U.S. dollar index once slipped 0.78% to 99.34, the euro rose 0.71% to $1.1364, and the yen also rose 0.84% to 143.29 per dollar; UK inflation rose to a 15-month high in April, and the pound rose 0.57% to a three-year high of $1.3469. Bitcoin climbed as much as 2.6% to $109,721, a record high.
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