Investment 10/7/2025
The Hang Seng Index opened 86 points lower at 24,061 points and continued to fall, falling 320 points to 23,827 points. It fell 255 points or 1.05% to 23,892 points throughout the day; the Technology Index fell 93 points or 1.76% to 5,231 points. The main board turnover was HK$233.8 billion.
The Hong Kong stock market sentiment was cautious, and investors took a wait-and-see attitude towards the future market. The Hang Seng Index has fluctuated between 23,700 and 24,373 points recently. As long as the Hang Seng Index holds the 50-day moving average (23,556), the future market should not be too pessimistic, and there is still a chance to challenge the high of 24,874 points on March 19. US President Trump confirmed that August 1 is the deadline for the new reciprocal tariffs. At the same time, he said that the United States will impose a new 50% tariff on imported copper, and the semiconductor and pharmaceutical industries are also targets for future tariffs. With the uncertain outlook for tariffs, global stock markets are inevitably affected.
European stock markets performed well, with British, French and German stocks rising 0.15%, 1.44% and 1.42% respectively.
Nvidia's stock price broke the record and became the first US listed company to break the $4 trillion milestone. Nvidia's stock price has risen by more than 22% this year, driving the US stock market to rebound on Wednesday. The Dow Jones Industrial Average opened 86 points higher and then expanded its gains to 315 points, reaching 44,556 points; the S&P 500 rose 0.7% and challenged the record high again; the Nasdaq, which is dominated by technology stocks, rose 1.11% to 20,645 points, breaking the record and setting a record high at the close.
At the close of the US stock market, the Dow Jones Industrial Average was at 44,458 points, up 217 points or 0.49%; the S&P 500 rose 37 points or 0.61% to 6,263 points; and the Nasdaq rose 192 points or 0.94% to 20,611 points.
The US dollar index rose 0.24% to 97.748; the euro was 1.169 US dollars, down 0.3%; the Japanese yen rose 0.21% to 146.21 per dollar. Bitcoin broke through $112,000 for the first time, setting a record high, and the increase once exceeded 3%.
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