Investment 30/7/2025
The Hang Seng Index opened 107 points lower at 25,454, then fell 309 points to 25,252. The decline gradually narrowed in the afternoon, ending the day down 37 points, or 0.14%, at 25,524. The Tech Index fell 19 points, or 0.34%, to 5,644. Main Board turnover reached HK$267 billion.
Hong Kong stocks have seen significant recent gains, technically reaching overbought levels. The Hang Seng Index's volatility has further narrowed, indicating a weakening of upward momentum. Investors should be mindful of profit-taking pressure and potential reversal risks. However, the market's closely watched progress in the China-US trade negotiations remains positive. It is believed that the market will still have a slight advantage heading into futures settlement, and the Hang Seng Index is expected to hold steady above 25,000.
European stock markets stabilized, with UK, French, and German stocks rising 0.6%, 0.72%, and 1.03%, respectively.
The Federal Reserve began its two-day interest rate meeting. US job openings fell below expectations, indicating weak employment. The current round of US-China trade talks has stalled. US stocks saw a volatile market, with the Dow Jones Industrial Average opening 3 points lower before fluctuating as much as 268 points to a low of 44,568. The S&P 500 rose 0.31% to 6,409, while the Nasdaq Composite rose as much as 0.59% to 21,303. Both the S&P 500 and Nasdaq Composite set new records, but both closed lower.
At the close of US trading, the Dow Jones Industrial Average fell 204 points, or 0.46%, to 44,632; the S&P 500 fell 18 points, or 0.3%, to 6,370; and the Nasdaq fell 80 points, or 0.38%, to 21,098.
The US dollar index rose as much as 0.51% to 99.141, while the euro fell 0.6% to $1.1519. The Japanese yen fell 0.19% to 148.81 per dollar. Bitcoin rose as much as 1.05% to $119,280.
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