Investment 13/8/2025

Hong Kong stocks were capped by the 25,000 mark. The Hang Seng Index opened 82 points, or 0.33%, lower, showing no direction in the morning session. It briefly surged to 25,016 in the afternoon, bringing its total daily gain to 24,969 points by 62 points, or 0.25%. The Tech Index fell 20 points, or 0.38%, to 5,439. Market turnover totaled HK$215.4 billion.


China and the United States agreed to extend the deadline for reciprocal tariffs for another 90 days, raising the likelihood of concessions from both sides. Coupled with a 90% chance of a US interest rate cut next month, Hong Kong stocks are expected to continue their rebound today. First, a break above the high of 25,115 on the 7th of this month would help the market break out of its narrow range-bound trend. A break above last month's high of 25,744 points and above 26,000 points would confirm a double bottom pattern. Based on measured gains, the medium- to long-term target is 30,800 points. If there is a correction, the Hang Seng Index's support lies at the 50-DMA  (24,412). A break below this level would lead to the 100-DMA (23,575).


European stock markets showed mixed results, with UK and French stocks rising 0.2% and 0.71% respectively, while German stocks fell 0.23%.


Under the influence of tariffs, US inflation remained at 2.7%, slightly below expectations. Furthermore, the money market indicates that traders are now betting on a roughly 90% chance of a Fed rate cut in September, raising market expectations for a September rate cut. US stocks rebounded sharply on Tuesday, led by financial stocks. The Dow Jones Industrial Average opened 75 points higher and then climbed as high as 522 points, reaching a high of 44,497. The S&P 500 rose 1.15% to 6,446. The tech-heavy Nasdaq Composite Index rose 1.42% to 21,689. The S&P 500 and Nasdaq both hit intraday highs and set new closing records, with all three indices closing up more than 1%.


At the close of U.S. markets, the Dow Jones Industrial Average rose 483 points, or 1.1%, to 44,458; the S&P 500 rose 72 points, or 1.13%, to 6,445; and the Nasdaq Composite rose 296 points, or 1.39%, to 21,681.


The U.S. dollar index fell 0.63% to 97.9, the euro rose 0.71% to $1.1699, and the yen rose 0.38% to 147.58 per dollar. Bitcoin briefly surged as much as 1.51% to $120,016.

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
閱讀完整內容

Investment 24/4/2026

圖片
The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
閱讀完整內容

Investment 27/4/2026

圖片
The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
閱讀完整內容