Investment 2/7/2025

Hong Kong stocks were weak at the half-year end. The Hang Seng Index opened 9 points lower at 24,274 points and continued to fall. It fell 219 points to 24,064 points in the late trading. It fell 211 points or 0.87% to 24,072 points for the whole day; the Technology Index fell 38 points or 0.72% to 5,302 points. The main board turnover was HK$242.2 billion.

Considering the recent continuous rise of the index, the market may enter a consolidation phase, fluctuating between 24,000 and 24,500 points to digest the previous gains. If the big financial sector continues to be weak or foreign capital outflows intensify, the index may fall back below 24,000 points. The first support is at the 20-day line (23,952). If there is bad news in the trade war and other aspects, it may test the 50-day line (23,273). If the market continues to be bullish and foreign capital inflows continue, the index may continue to repeatedly test the resistance level of 24,874 points. If technology stocks can break through resistance, they may further boost the market.

Trump hinted that a new round of tariffs may be imposed on Japan, and the Nikkei index closed down 1.24%, the biggest loss since June 2.

European stock markets developed individually, with British stocks rising 0.28%, French stocks and German stocks falling 0.04% and 0.99% respectively.

The market is watching the results of trade negotiations between the United States and various countries, as well as the progress of President Trump's tax reform bill. The US stock market, which has broken the peak for several days, developed individually on Tuesday. After opening 33 points lower, the Dow Jones Industrial Average turned around and rose as much as 509 points, reaching a high of 44,6604 points; but the S&P 500 Index fell back by 0.43% at one point, and the Nasdaq, which is dominated by technology stocks, fell by 1.3%.

At the close of the U.S. stock market, the Dow Jones Industrial Average was at 44,494 points, up 400 points or 0.91%; the S&P 500 fell 6 points or 0.11% to 6,198 points; and the Nasdaq fell 166 points or 0.82% to 20,202 points.

The dollar did not stop falling, and the U.S. dollar index fell 0.51% to 96.377. The euro once broke through the $1.18 mark, reaching $1.1829, a new high since September 2021, up 0.36%. The yen rose as much as 0.94% to 142.68 per dollar. Bitcoin once fell 2.06% to $105,452.

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Investment 24/4/2026

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