Investment 30/6/2025

On the settlement day of the futures index last Friday, the Hang Seng Index opened 125 points higher at 24,451 points, then rose 146 points to 24,471 points, and then turned from rising to falling. In the afternoon, it fell 130 points to a low of 24,194 points. The whole day fell 41 points or 0.17% to 24,284 points; the technology index fell 3 points or 0.07% to 5,341 points. The main board turnover was HK$275.1 billion.


The overall market sentiment was cautious, and the performance of Hong Kong stocks fluctuated, affected by many factors, including expectations of Trump's tariff policy and the performance of mainland economic data. Technical analysis shows that the Hang Seng Index has recently recorded a positive candle, and may continue to rise repeatedly in the short term, with the target possibly pointing to the mid-March high of 24,874, and the upper resistance still exists. If the Hang Seng Index breaks through 25,000 points, the next target is the 26,200 mark. However, the valuation of Hong Kong stocks has risen to the current level, and it may be adjusted due to overbought at any time, turning down before the 25,000 mark, and the market will show a double top trend in the future. If the adjustment falls below 23,307, it will have to test the support level at 22,668.


European stock markets closed positively across the board, with British, French and German stocks rising by 0.72%, 1.78% and 1.62% respectively.


The latest US inflation indicators show that prices are still under control, and investors speculate that the US and other countries will make a breakthrough in trade negotiations. US stocks continued to climb on Friday (27th). After opening 118 points higher, the Dow Jones Industrial Average expanded its gains to a maximum of 579 points, reaching 43,966 points. The S&P 500 and Nasdaq both rose through the intraday historical highs. The S&P 500 has set a new record high in the closing market since February this year, and the Nasdaq has also set a record high in the closing market.


At the close of the U.S. stock market, the Dow Jones Industrial Average was at 43,819 points, up 432 points or 1%; the S&P 500 rose 32 points or 0.52% to 6,173 points; and the Nasdaq rose 105 points or 0.52% to 20,273 points. Last week, the Dow Jones Industrial Average climbed 3.82%, the S&P 500 rose 3.44%, and the Nasdaq gained 4.25%.


UBS Wealth Management raised the S&P 500 target for the end of this year from 6,000 points to 6,200 points, and the target for 2026 from 6,400 points to 6,500 points, citing the expectation that trade uncertainty will decrease.


The U.S. dollar index fell 0.15% to 97; the yen also fell 0.39% to 144.96 per dollar; the euro rose 0.44% to $1.1753. Bitcoin once gave up 1.27% to $106,446.

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