Investment 17/6/2025
The Hang Seng Index regained the 24,000 mark. After opening 100 points lower at 23,791 points, the decline widened to 173 points, reaching a low of 23,718 points. After that, the bulls and bears fought each other. The upward trend expanded in the afternoon, rising 232 points to 24,125 points at one point, and rose 168 points or 0.7% to 24,060 points for the whole day; the technology index rose 60 points or 1.14% to 5,299 points. The main board turnover was HK$229.2 billion.
The situation in the Middle East is tense, but the impact on Hong Kong stocks is not strong. Unless there is more positive news from the Sino-US trade talks, the market will mainly consolidate in the short term. The short-term support of the Hang Seng Index is 23,600 points. If it fails, there is a chance to test the 50-day moving average (22,763). The upper resistance is between 24,500 and 24,800 points. Resource stocks, shipping stocks and pharmaceutical stocks are expected to continue to be the focus of speculation.
European stock markets stopped falling, with British, French and German stocks rising 0.28%, 0.75% and 0.78% respectively.
There are reports that Iran is willing to restart nuclear negotiations and hopes to end the war with Israel. At the same time, the Gulf countries in the Middle East called on the United States to put pressure on Israel to hold negotiations to avoid further spread of conflicts and threats to energy assets. The news stimulated a significant rebound in US stocks on Monday. The Dow Jones Industrial Average opened 102 points higher and soared as much as 509 points to 42,707 points. The S&P 500 rose 1.24% at one point, and the Nasdaq rose as much as 1.68%.
At the close of the U.S. market, the Dow Jones Industrial Average rose 317 points, or 0.75%, to 42,515 points; the S&P 500 rose 56 points, or 0.94%, to 6,033 points; and the Nasdaq rose 294 points, or 1.52%, to 19,701 points.
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