Investment 14/8/2025

The Chinese and Hong Kong stock markets saw significant gains yesterday, with both markets posting their third consecutive day of gains. The Hang Seng Index surged 643 points, or 2.58%, to close at 25,613, its largest gain in over three months and its highest point of the day. The Tech Index rose 191 points, or 3.52%, to 5,630. Market turnover exceeded HK$284 billion.


The Shanghai Composite Index, a benchmark for A-shares, returned to a four-year high since September 2021, closing at 3,683, up 17 points, or 0.48%. Hong Kong stocks also broke through last month's high, extending their gains to three consecutive days. As expected, the Hang Seng Index rose above the 7th high of 25,115 yesterday, breaking out of its narrow range. It is expected to break through last month's high of 25,744 points today. If it breaks through 26,000 points, it will confirm a double bottom pattern. Based on the measured increase, the medium- to long-term target is 30,800 points. If there is a correction, the Hang Seng Index faces support at the 50-DMA (24,454). If it breaks below, it will fall to the 100-DMA (23,583).


With expectations of interest rate cuts continuing to rise, this is beneficial to both Hong Kong and overseas stock markets. The recent easing of Sino-US relations has reduced market concerns about the trade war. In addition, new policies in mainland China are boosting consumption, which will help drive Hong Kong stocks further upward.


European stock markets performed well, with UK, French, and German stocks rising 0.19%, 0.66%, and 0.67%, respectively.


With US inflation largely in line with expectations and continued pressure from Washington officials for the Federal Reserve to cut interest rates significantly next month, global stock markets are showing bullish momentum. The MSCI All Country World Index rose over 0.6% on Wednesday, reaching a record high. US stocks continued their upward trend, with the S&P 500 and Nasdaq Composite hitting new intraday and closing highs. The VIX volatility index, commonly known as the "fear gauge," briefly fell 2.92% to 14.3, a low last December.


The Dow Jones Industrial Average opened 112 points higher, extending its gains to 490 points, reaching a high of 44,949. The S&P 500 rose 0.54% to 6,480, while the Nasdaq rose as much as 0.56% to 21,803.


At the close of US trading, the Dow Jones Industrial Average rose 463 points, the S&P 500 rose 20 points, or 0.32%, and the Nasdaq rose 31 points, or 0.14%.


The US dollar came under pressure, with the US dollar index falling 0.48% to 97.626. The euro rose 0.49% to $1.1733, and the yen rose 0.5% to 147.1 per dollar. Bitcoin fluctuated, rising 3.2% to $122,787.

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