Investment 19/8/2025
The Hang Seng Index opened 23 points higher at 25,293 before struggling with bulls and bears. It rose 196 points to a high of 25,466 during the session, but selling pressure intensified in late trading, and the index closed at an all-day low of 25,176, down 93 points, or 0.36%, marking its third consecutive day of decline. The Technology Index rose 36 points, or 0.65%, to 5,579. Main Board turnover reached HK$312.7 billion.
Northbound funds continued to flow into the Hong Kong stock market, and the market remained buoyant. Although high-yield stocks such as mainland banks faced short-term pressure, the Hang Seng Index held above its 20-DMA (25,161) yesterday. Further declines are expected to find strong support at its 50-DMA (24,547). If earnings from major technology stocks are negative, the Hang Seng Index could still challenge the 26,000 to 26,200 levels in the short term.
Japan's Nikkei index hit a new high yesterday, rising 0.77% to close at 43,714 points. European stock markets saw mixed results, with the UK closing up 0.21%, while French and German stocks fell 0.5% and 0.18% respectively.
US President Trump met with visiting Ukrainian President Volodymyr Zelensky and other European leaders in Washington to discuss a potential ceasefire agreement between Russia and Ukraine. Investors became more cautious, and US stocks lacked a clear direction on Monday. The Dow Jones Industrial Average opened slightly higher, rising as much as 52 points to 44,998, before falling 77 points, temporarily capping the 45,000 level. The S&P 500 fell 0.19%, while the tech-heavy Nasdaq Composite dropped as much as 0.29%.
At the close of US trading, the Dow Jones Industrial Average fell 34 points to 44,911, the S&P 500 fell 0.01% to 6,449, and the Nasdaq rose 6 points, or 0.03%, to 21,629.
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