Investment 29/5/2025

The Hang Seng Index opened 3 points higher at 23,385 points, then rose 94 points to 23,476 points, and then fluctuated and weakened, falling 201 points to 23,180 points, and fell 123 points or 0.52% to 23,258 points for the whole day; the Technology Index fell 7 points or 0.15% to 5,174 points. The main board turnover was HK$180.8 billion.

The global trade war has temporarily cooled down, which is beneficial to the stock market. In addition, the Hong Kong Interbank Offered Rate (HIBOR) continues to be low, and corporate interest costs may decline, which is also helpful to the business environment. The mainland has also taken many measures to boost the economy, which also brings some room for market expectations. The Hong Kong stock market is currently hovering around 23,500 points. It is believed that the short-term pattern of large rises and small falls will be maintained. As long as the 20-DMA (23,132) is maintained, the market outlook should not be too pessimistic.

European stock markets were weak, with British, French and German stocks falling 0.59%, 0.49% and 0.78% respectively.

The market waited and watched Nvidia's performance and future outlook, and with the rebound in US bond yields, US stocks rose first and then fell on Wednesday (28th), with the Dow Jones Industrial Average rising more than 100 points before turning down. After opening 17 points higher, the Dow Jones Industrial Average once expanded its gains to 105 points, reaching a high of 42,448 points, and fell as much as 301 points in the late stage, reaching a low of 42,042 points. The S&P 500 and the Nasdaq, which is dominated by technology stocks, also closed close to the low of the day.

At the close of the US stock market, the Dow Jones Industrial Average was at 42,098 points, down 244 points or 0.58%; the S&P 500 fell 32 points or 0.56% to 5,888 points; and the Nasdaq fell 98 points or 0.51% to 19,100 points.

After the U.S. stock market closed, Nvidia announced quarterly results that beat expectations, with data center revenue up 73% year-on-year. After the announcement, Nvidia's stock price once rose by more than 3% in the extended period after the market, and fell 0.5% at the close of the day.

The U.S. dollar index was 99.65, the euro was 1.1325 against the U.S. dollar, the pound was 1.3504 against the U.S. dollar, and the U.S. dollar was 144.55 against the yen.