Investment 16/7/2025
The Hang Seng Index opened 78 points higher at 24,281 points and then fluctuated. It once fell 61 points to a low of 24,141 points during the session. It turned strong in the afternoon and closed at an all-day high of 24,590 points, up 386 points or 1.59%, rising for the fourth consecutive trading day; the Technology Index rose 147 points or 2.79% to 5,431 points. The main board turnover was HK$288.4 billion.
The mainland's GDP grew by 5.3% year-on-year in the first half of the year, better than market expectations, and laid the foundation for the full-year economic growth target of 5%. Supported by good news, the Hang Seng Index once re-reached 24,500 points in the intraday market. The recent upward momentum of Hong Kong stocks has strengthened, and the market turnover has also remained above 200 billion yuan, reflecting that funds continue to flow into Hong Kong stocks. The market outlook is expected to continue to be strong, and the Hang Seng Index is expected to challenge the full-year high of 24,874 points on March 19.
European stock markets fluctuated and were weak, with British, French and German stocks falling 0.66%, 0.54% and 0.42% respectively.
The US Consumer Price Index (CPI) in June accelerated to 2.7% year-on-year, indicating that inflation has rebound pressure. Investors are also worried about corporate earnings performance, dragging the Dow Jones Industrial Average down by as much as 457 points after opening flat, hitting a low of 44,002 points, mainly dragged down by the decline of financial and health insurance stocks. The S&P 500 rose above 6,300 points for the first time, rising 0.53% to 6,302 points; the Nasdaq rose 0.95% to 20,836 points.
At the close of the US stock market, the Dow Jones Industrial Average was at 44,023 points, down 436 points or 0.98%; the S&P 500 fell 24 points or 0.4% to 6,243 points; the Nasdaq rose 37 points or 0.18% to 20,677 points, a record high.
The US dollar index once rose 0.63% to 98.7; the Japanese yen fell 0.89% to 149.03 per dollar; the euro fell as much as 0.63% to $1.1593. Bitcoin once gave up 3.7% to $115,966.
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