Investment 24/6/2025

The Hang Seng Index opened 194 points lower at 23,335 points, then fell 257 points to 23,272 points, then gradually recovered lost ground and turned up, closing up 158 points or 0.67% at 23,689 points, the highest point of the day; the China Enterprises Index rose 70 points or 0.82% to 8,597 points; the Technology Index rose 53 points or 1.04% to 5,187 points. The main board turnover was HK$198.5 billion.

The US airstrike on three Iranian nuclear facilities has heated up the geopolitical situation, but it is believed that it will have little impact on Hong Kong stocks. However, considering that investment sentiment tends to be cautious and there is a lack of positive news stimulation, unless the situation in the Middle East turns around, the Hang Seng Index will not have much upward momentum and will maintain a consolidation pattern in the short term, with support at 23,000 below.

European stock markets were weak, with British, French and German stocks falling 0.19%, 0.69% and 0.35% respectively.

Tensions in the Middle East have further escalated, with Iran threatening to close the Strait of Hormuz. However, the oil that passes through this strait only accounts for 5% of the total oil supply in the United States, but 50% of the total oil supply in China, which means that the global oil supply will not be significantly disrupted. International oil prices plunged by more than 7% on Monday, easing the market's panic over inflation. In addition, Federal Reserve officials supported a rate cut in July, and U.S. stocks fluctuated upward on Monday. The Dow opened 28 points lower and then rebounded by more than 200 points. Later, Iran launched multiple missiles at the U.S. military base in Qatar. The news dragged the Dow down quickly, and it once plunged 225 points to a low of 41,981 points. Later, supported by the news that the oil price decline widened, the Dow rose by as much as 402 points to a high of 42,609 points. The S&P 500 and the Nasdaq, which is dominated by technology stocks, also closed close to the all-day high.

At the close of the U.S. stock market, the Dow Jones Industrial Average rose 374 points, or 0.89%, to 42,581 points; the S&P 500 rebounded 57 points, or 0.96%, to 6,025 points; and the Nasdaq Composite Index rose 183 points, or 0.94%, to 19,630 points.

The U.S. dollar regained its safe-haven role, and the U.S. dollar index rose 0.72% to 99.421 at one point, and then fell 0.34% in the late stage to a low of 98.37; the Japanese yen fell as much as 1.33% to 148.03 per dollar, and then recovered all its losses; the euro fell 0.6% to $1.1454, and rose as much as 0.49% to $1.1582 in the late stage of the U.S. market.

Bitcoin fell to $98,524 and then rebounded, rising 4.26% in the late stage of the U.S. market to a high of $103,832.