Investment 23/7/2025

Hong Kong stocks rose for three consecutive days. The Hang Seng Index opened 30 points higher, regaining the 25,000 mark, and then fell 93 points to 24,900 points. It closed at 25,130 points for the whole day, up 135 points or 0.54%; the Technology Index rose 21 points or 0.38% to 5,606 points. The main board turnover exceeded HK$266 billion.


The Hang Seng Index finally closed above 25,000 yesterday, but there are reservations about whether it can stabilize. Although the market turnover cooperated and the Hang Seng Index also broke through, it is technically close to the overbought level and may fall back in the short term. If the Hang Seng Index breaks through 25,130 points (yesterday's high) today, it may continue its upward trend. In the optimistic situation, it will further challenge higher levels, such as 26,199 or even 27,019 points. On the contrary, if it falls below the recent support level of the 10-DMA (24,482), it may trigger a technical correction, with initial support at the 50-DMA (23,912).


HSBC Holdings once returned to the "red bottom", reaching a high of HK$100 yuan, and rose 1.27% to 99.7 yuan for the day.


European stock markets were generally weak, with French and German stocks falling 0.69% and 1.09% respectively, while British stocks rose slightly by 0.12%.


US stocks developed individually on Tuesday. After the Dow opened slightly higher by 15 points, the increase once expanded to 219 points, reaching a high of 44,542 points; the S&P 500 rose 0.17% during the session, reaching a high of 6,316 points, and closed at a mild record high; the Nasdaq, which is dominated by technology stocks, once pulled back 1.06% from its record high.


At the close of the U.S. stock market, the Dow Jones Industrial Average rose 179 points, or 0.4%, to 44,502 points; the S&P 500 rose slightly by 4 points, or 0.06%, to 6,309 points; and the Nasdaq fell 81 points, or 0.39%, to 20,892 points.


The U.S. dollar index fell 0.55% to 97.31, the euro fell 0.13% to $1.1679, and the yen continued to rise 0.71% to 146.33 per dollar. Bitcoin once rose 2.9% to $119,983.

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Investment 24/4/2026

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