Investment 5/6/2025

The Hang Seng Index opened 12 points lower at 23,499 points and then fluctuated upwards, rising 204 points to 23,716 points at one point, and rose 141 points or 0.6% to 23,654 points for the whole day; the Technology Index rose 29 points or 0.56% to 5,219 points. The main board turnover was HK$212.6 billion.


The Chinese and US heads of state may hold a dialogue this week, and the trade relations between the two countries are expected to cool down. In addition, the mainland's manufacturing purchasing managers' index (PMI) last month was still at a contraction level. The market is looking forward to the introduction of national policies to support the economy, which is also good for the market atmosphere. Entering June, the Hong Kong stock market once fell below 23,000 and then quickly recovered the lost ground. As long as the top of the gap in early April, that is, the 50-DMA(22,690), is maintained, the market outlook should not be pessimistic.


European stock markets are upward, with the UK, France and Germany stock markets closing up 0.16%, 0.53% and 0.77% respectively.


The latest economic data from the United States was disappointing, with private job growth in May hitting a two-year low. However, led by technology stocks, U.S. stocks developed individually on Wednesday. After opening 54 points higher, the Dow Jones Industrial Average rose by as much as 125 points to 42,645 points, and then fell back by less than 100 points; the S&P 500 rose by 0.34% at one point, and the Nasdaq, which is dominated by technology stocks, rose by as much as 0.49%.


At the close of the U.S. stock market, the Dow Jones Industrial Average fell 91 points to 42,427 points, the lowest point of the day, ending the past four trading days of continuous gains; the S&P 500 rose by 0.01% to 5,970 points; the Nasdaq rose by 61 points or 0.32% to 19,460 points.


The U.S. dollar index fell by as much as 0.56% to 98.67, and the yen rose by 0.97% to 142.61 against the U.S. dollar. Bitcoin fell by as much as 1.4% to $104,232.

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