Investment 27/5/2025

The Hang Seng Index opened 95 points lower at 23,505 points and continued its downward trend. The decline once widened to 366 points, hitting a low of 23,234 points. It fell 318 points or 1.35% for the day to 23,282 points. The Technology Index fell 89 points or 1.7% to 5,157 points. The main board traded HK$223.5 billion .

Hong Kong stocks are bound to encounter resistance at high levels. In addition, the mainland is studying to regulate the charging practices of online trading platforms, which is believed to drag down the performance of technology platform stocks and increase the pressure on the market to adjust. The Hang Seng Index has lost its 10-DMA (23,482), and the support level has moved down to the 20-DMA (22.997). The upper resistance is at 24,000 points. In the short term, it is expected to maintain the pattern of speculating in stocks rather than speculating in the market.

Monday (26th) is Memorial Day in the United States, and U.S. stocks are closed due to a public holiday.

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