Investment 6/6/2025

The Hang Seng Index opened 174 points higher at 23,828 points and then maintained its upward trend. It rose 257 points to 23,911 points. It rose 252 points or 1.06% to 23,906 points for the whole day, rising for three consecutive days; the Technology Index rose 100 points or 1.93% to 5,319 points. The main board turnover was HK$222 billion .

Hong Kong stocks have rebounded for several days, but it is difficult to break through 24,000 points in the short term. Traditionally, the market conditions in June are relatively quiet. Companies have announced their results one after another, and there may not be new policies before the half-year end. Hong Kong stocks lack good news in the short term, but the market conditions this year are still optimistic. Investors can take advantage of the sell-off to increase their positions. Some investors believe that the risk of economic downturn is controllable; and said that if calculated at a target price-earnings ratio of 11 times, the Hang Seng Index's target this year is 24,500 points.

US President Trump's phone call with Xi Jinping once drove the Dow Jones Industrial Average up 173 points. Later, the news of Trump's breakup with Musk dragged down Tesla's stock price, and the Dow Jones Industrial Average fell 216 points in the final stage.

At the close of the US stock market, the Dow Jones Industrial Average fell 108 points to 42,319 points; the S&P 500 fell 0.53% to 5,939 points; and the Nasdaq fell 0.83% to 19,298 points.

The European Central Bank cut interest rates by 0.25%, and the central bank president Lagarde said that the monetary policy cycle is nearing its end, driving the euro up. The US dollar index fell 0.44% to a low of 98.351; the pound rose 0.46% to a new high of $1.3616 this year. Under the expectation of the end of the ECB's interest rate cut cycle, the euro rose 0.68% to $1.1495.