Investment 26/8/2025

Expectations of a Federal Reserve rate cut boosted Hong Kong stocks. The Hang Seng Index opened 267 points higher at 25,606, then expanded its gains to 579 points, reaching a near four-year high of 25,918. It ended the day up 490 points, or 1.93%, at 25,829. The Tech Index rose 177 points, or 3.14%, to 5,825. Main Board turnover reached HK$369.6 billion .


Federal Reserve Chairman Powell's dovish tone at the Jackson Hole Global Central Bank Forum further reaffirmed market expectations for a September rate cut, positively impacting the stock market. The upward trend in Hong Kong stocks is expected to continue, with the Hang Seng Index potentially challenging 26,000 to 26,200 points, or even 27,500. Further breakthroughs will depend on the progress of rate cuts and the performance of blue-chip stocks. Furthermore, Hong Kong stocks may experience an overbought correction in the current session, retracing to the 20-DMA (25,124). A break below this level could lead to a test of 24,800 points.


European stock markets retreated, with French and German stocks down 1.59% and 0.37%, respectively. The UK stock market was closed for the Summer Bank Holiday.


The market has temporarily digested the optimism surrounding an 84% chance of a Federal Reserve rate cut next month, with focus returning to the latest tariff news, US economic data, and corporate earnings. Following Friday's surge, US stocks consolidated on Monday, with the Dow Jones Industrial Average retreating over 300 points from its record high and closing near its low for the day. After opening 26 points lower, the Dow's losses briefly widened to 358 points, reaching a low of 45,273. The S&P 500 fell 0.45%, with the tech-heavy Nasdaq dropping as much as 0.45%.


At the close of U.S. trading, the Dow Jones Industrial Average fell 349 points, or 0.77%, to 45,282; the S&P 500 fell 27 points, or 0.43%, to 6,439; and the Nasdaq Composite dropped 47 points, or 0.22%, to 21,449.


The U.S. dollar index rose 0.84% ​​to 98.54, while the Japanese yen fell 0.68% to 147.94 per dollar. The euro also fell 0.98% to $1.1605. Bitcoin fell over 2% in late trading, nearing $110,100.

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Investment 24/4/2026

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