Investment 2/5/2025

Hong Kong stocks rose in the last trading day of April. After opening 30 points higher at 22,038 points, the Hang Seng Index fell 159 points to a low of 21,848 points. It then gradually recovered its lost ground, rising 121 points to 22,129 points at one point. It rose 111 points or 0.51% for the day to 22,119 points, marking its second consecutive day of gains. The Technology Index rose 67 points or 1.35% to 5,087 points. The Main Board's turnover was HK$201.5 billion.


In April alone, the Hang Seng Index fell 1,000 points or 4.32%, and the Technology Index fell more than 5%. In the first four months of this year, the Hang Seng Index rose 2,059 points or 10.26%.


Although some people believe that US President Trump's attitude toward China seems to have softened, China and the United States are still refusing to give in to each other in the trade war, and the two sides have not reached a consensus on the issue of tariffs, which is believed to continue to trouble the stock market. On the other hand, the market is looking forward to the introduction of more economic support measures in the Mainland, which has caused the Hong Kong stock market to be in a deadlock of "cannot rise or fall". The Hang Seng Index has recently continued to hover around 22,000 points. I believe that with the stalemate in Sino-US relations, the market outlook is unlikely to be optimistic and it is quite risky to enter the market now.


HSBC Holdings (00005) had a surprising first quarter performance and Goldman Sachs raised its target price to HK$101; JPMorgan Chase's target price was even more "bullish", reaching HK$115.


European stock markets were closed in Germany and France, while UK stocks rose slightly by 0.02%.


After opening 248 points higher on Monday, the Dow Jones Industrial Average's gains expanded to 430 points, reaching a high of 41,099 points; the S&P 500 rose 1.61% at one point, and the Nasdaq, which is dominated by technology stocks, rose as much as 2.73%.


At the close of U.S. stocks, the Dow Jones Industrial Average was at 40,752, up 83 points, or 0.21%; the S&P 500 rose 35 points, or 0.63%, to 5,604; and the Nasdaq rose 264 points, or 1.52%, to 17,710.


The U.S. dollar index re-entered the 100 mark, rising 0.91% to 100.38 at one point. The euro fell 0.57% to $1.1267. The market estimated that the Bank of Japan would delay raising interest rates, and the yen fell sharply by 1.87% to 145.73 per dollar. Bitcoin rose as much as 3.62% to $97,459.

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