Investment 20/8/2025

The Hang Seng Index opened 64 points higher at 25,241 before trading between bulls and bears, fluctuating 177 points throughout the day. It closed 53 points, or 0.21%, lower at 25,122, marking its fourth consecutive day of decline. The Technology Index fell 37 points, or 0.66%, to 5,542. Main Board turnover reached 278.2 billion yuan.


U.S. stocks continued to hover at high levels, and Hong Kong stocks have also lacked direction recently. Yesterday, the Hang Seng Index just fell below its 20-DMA (25,160). A break below this level will test the support of its 50-DMA (24,565). The market is expected to fluctuate between 24,500 and 25,800 points in the short term. Upward momentum is weak at this level, and the risk-taking ratio for market capitalization is low.


European stock markets performed well, with UK, French, and German stocks rising 0.34%, 1.21%, and 0.45%, respectively. UK stocks hit a record closing high.


As the market awaits Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Global Central Bank symposium later this week, U.S. stocks saw mixed performance on Tuesday, with large technology stocks selling off. The Dow Jones Industrial Average fluctuated after breaking its peak. After opening 40 points higher, the Dow Jones Industrial Average extended its gains to as much as 295 points, reaching a record intraday high of 45,207. Meanwhile, the S&P 500 briefly retreated 0.76%, while the Nasdaq Composite dropped 1.63%.


At the close of trading, the Dow Jones Industrial Average rose 10 points to 44,922, while the S&P 500 fell 37 points, or 0.59%, to 6,411, and the Nasdaq Composite dropped 314 points, or 1.46%, to 21,314.


The U.S. dollar index fell 0.23% to 97.94 before turning positive. The euro rose 0.28% to $1.1695 before falling. The Japanese yen rebounded 0.29% to 147.45 per dollar. The cryptocurrency Bitcoin fell another 3.6% to $112,850.

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Investment 24/4/2026

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