Investment 11/8/2025

Hong Kong stocks snapped a four-day winning streak. The Hang Seng Index opened lower by 113 points, or 0.45%, immediately falling below the 25,000 mark and continuing its downward trend. It closed at 24,858 points, down 222 points, or 0.89%, while the Tech Index fell 86 points, or 1.56%, to 5,460 points. Market turnover totaled HK$206.7 billion.


Whether the Hang Seng Index can hold above 25,000 points depends primarily on strong corporate earnings and positive progress in Sino-US trade negotiations. The Hang Seng Index is initially expected to fluctuate around its 50-DMA (24,344). Overall, Hong Kong stocks lack upward momentum for the time being, but a sharp short-term decline is unlikely. Upper resistance for the Hang Seng Index lies at 25,300 points, while initial support lies at its 50-DMA . If the correction after the short-term rebound in Hong Kong stocks is not complete, based on the golden ratio, the Hang Seng Index, which rose from its April low of 19,260 to last week's high of 25,735, would reach 23,261 if it adjusted 0.382 times; a 0.5 adjustment would reach 22,497. This level is close to the double top neckline of 22,700 and is expected to find strong support.


European stock markets closed mixed, with UK and German stocks down 0.06% and 0.12% respectively, while French stocks rose 0.44%.


According to Bloomberg, US and Russian leaders will hold a summit early next week, hoping for an end to the Russo-Ukrainian war. US stocks rose on Friday, led by major tech companies. The Dow Jones Industrial Average opened 76 points higher and then extended its gains to as much as 304 points, reaching a high of 44,272. The S&P 500 rose 0.87% at one point, and the Nasdaq Composite Index rose 1.04% to 21,464, setting both an intraday and closing record high.


At the close of U.S. markets, the Dow Jones Industrial Average rose 206 points, or 0.47%, to 44,175; the S&P 500 rose 49 points, or 0.78%, to 6,389; and the Nasdaq Composite rose 207 points, or 0.98%, to 21,450. For the week ended June 30, the Dow Jones Industrial Average rose 1.4%, the S&P 500 rose 2.4%, and the Nasdaq rose 3.9%.

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Investment 24/4/2026

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