Investment 9/7/2025

Hong Kong stocks ended a three-day losing streak. The Hang Seng Index opened 39 points higher at 23,927 points, and then rose 271 points to 24,159 points, up 260 points or 1.08% for the day to 24,148 points; the Technology Index rose 96 points or 1.84% to 5,325 points. The main board turnover was HK$213.2 billion.


The market is concerned that after the three-month reciprocal tariff exemption period of the United States, the new tariff rates set for other countries in the future may have an impact on the investment market. However, Hong Kong stocks have adjusted last week, which may have reflected the relevant negative factors. Technically, the support of the Hang Seng Index is still moving up, reflecting that the market is still able to withstand sufficient pressure. As long as the 50-DMA (23,518) is maintained, the market outlook should not be pessimistic, and it may challenge the high of 24,874 points on March 19.


The market is waiting for the results of the US-European trade negotiations. European stocks are stable, and British, French and German stocks all rose by25 about 0.5%.


The concerns about the US tariff policy linger, and the pressure on large bank stocks led to the US stock market fluctuating individually on Tuesday. After the Dow opened 27 points lower, the decline once widened to 204 points, hitting a low of 44,201 points; the S&P 500 fell as much as 0.2%, and the tech-heavy Nasdaq turned around and rose 0.33%.


At the close of the US stock market, the Dow Jones Industrial Average narrowed its decline to 165 points, or 0.37%, at 44,240 points; the S&P 500 fell slightly by 4 points, or 0.07%, to 6,225 points; the Nasdaq rose repeatedly by 6 points, or 0.03%, to 20,418 points.


Goldman Sachs and Bank of America both sang the praises of the US stock market outlook: Bank of America sang the praises of the S&P 500, which will reach 6,300 by the end of the year. Goldman Sachs raised its S&P 500 forecast for the second time since May, raising its 12-month target from 6,500 to 6,900, and its year-end target from 6,100 to 6,600, citing the Federal Reserve's earlier-than-expected rate cuts, which would lower bond yields, and continued strong U.S. corporate earnings.


The U.S. dollar index rose by as much as 0.37% to 97.84; the euro reversed and rose by 0.5% to $1.1768; the yen fell by 0.62% to 146.98 per dollar. Bitcoin rose by as much as 1.25% to $109,245.

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