Investment 22/8/2025

The Hang Seng Index opened 50 points higher at 25,216 before fluctuating lower, falling 165 points at one point, barely holding above the 25,000 mark. The index ended the day down 61 points, or 0.24%, at 25,104. The Tech Index fell 42 points, or 0.77%, to 5,498. Main Board turnover totaled HK$239.4 billion.


The Hang Seng Index has been moving around its 20-DMA (25,113) for several consecutive days. If it falls below this level, it will test support at its 50-DMA  (24,600). In the short term, the index will primarily fluctuate between 24,500 and 25,800 points. If earnings from key tech stocks are negative, the Hang Seng Index could still challenge the 26,000 to 26,200 levels.


The market is closely watching Federal Reserve Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Meeting on Friday to see whether he will hint at a resumption of interest rate cuts as early as September. Furthermore, mixed corporate earnings performance has led to a market where speculation is not about the market, preventing the index from seeing a breakthrough in the short term. However, A-shares have risen to a near 10-year high, and overall market sentiment remains positive.


European stock markets showed mixed results, with UK and German stocks rising 0.23% and 0.07%, respectively, while French stocks fell 0.44%.


Weak US jobs data, coupled with a sharp drop in Walmart's stock price after its earnings report, weighed on US stocks on Thursday. The Dow Jones Industrial Average opened 130 points lower, then fell as much as 359 points, to a low of 44,579. The S&P 500 fell 0.67%, and the tech-heavy Nasdaq Composite Index fell as much as 0.75%. Among heavyweight stocks, Meta and Amazon closed down 1.2% and 0.8%, respectively.


At the close of U.S. stock markets, the Dow Jones Industrial Average fell 152 points, or 0.34%, to 44,785; the S&P 500 fell 25 points, or 0.4%, to 6,370; and the Nasdaq Composite dropped 72 points, or 0.34%, to 21,100.


The U.S. dollar index rose 0.47% to 98.68, while the euro fell 0.42% to $1.1602. The yen depreciated 0.74% to 148.42 per dollar. Bitcoin fell 2.34% to $112,053.

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Investment 24/4/2026

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