Investment 21/7/2025

The Hang Seng Index opened 258 points higher at 24,757 points and maintained its upward trend, closing at the all-day high of 24,825 points, up 326 points or 1.33%; the Technology Index rose 89 points or 1.65% to 5,538 points. The main board traded HK$238.6 billion.


Last week, the Hang Seng Index rose 686 points or 2.84%, showing a large positive candle. The technical indicators were favorable, the Bollinger Band initially expanded, and the overall trend of Hong Kong stocks was strong. It is expected that Hong Kong stocks will continue to rebound, with outstanding performance in the technology, financial and innovative drug sectors; market sentiment is optimistic, but attention should be paid to liquidity and external policy risks.


If the Hang Seng Index opens the Bollinger Band top with a large positive candle this week, it is expected to break the recent sideways situation. The Hang Seng Index's high last week was 24,867 points, only 7 points away from the high on March 19. If it rises above the 25,000 mark in the future, the next target will be 26,200. On the contrary, the market may face the risk of a decline in the future, testing the support of 23,600. If the neckline of the multi-top situation of 23,185 is lost, the measured decline may reach 21,900.


European stock markets closed with individual developments, with the UK and French stock markets closing up 0.22% and 0.01%, and the German stock market down 0.33%.


US consumer confidence data was strong, but individual corporate performance was disappointing, and President Trump reportedly planned to impose a full tariff of at least 15% to 20% on the EU. US stocks consolidated at high levels on Friday. The Dow opened 87 points higher and then turned down, falling as much as 259 points to a low of 44,224 points; the S&P and Nasdaq broke through the intraday, with the S&P once reaching 6,315 points, up 0.29%, and then falling as much as 0.19%; the Nasdaq once reached 20,980 points, up 0.45%, and then fell as much as 0.19%.


At the close of the U.S. stock market, the Dow Jones Industrial Average still fell 142 points, or 0.32%, to 44,342 points; the S&P 500 fell 0.01% to 6,296 points; and the Nasdaq rose 10 points, or 0.05%, to 20,895 points.


Last week, the Dow Jones Industrial Average fell slightly by 0.1%, the S&P 500 rose 0.6%, and the Nasdaq rose 1.5%.


Bank of America strategist Michael Hartnett reiterated that a bubble in the U.S. stock market is brewing. If the market ignores rising inflation expectations and bond yields rise to new highs, it will be the most obvious bubble signal.


The U.S. dollar weakened, and the U.S. dollar index fell 0.64% to 98.099; the Japanese yen rose 0.26% to 148.19 per dollar; the euro rose 0.66% to $1.1672. Bitcoin rose first and then fell back, falling 3.2% to $117,064.

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