Investment 27/8/2025

The Hang Seng Index opened 115 points lower at 25,714, narrowing its losses to 10 points. However, selling pressure intensified in the afternoon, ultimately closing at an all-day low of 25,524, down 304 points, or 1.18%. The Technology Index fell 42 points, or 0.73%, to 5,782. Main Board turnover was HK$317.8 billion.


Due to the market's rapid short-term upward trend, overbought conditions, and profit-taking, the Hang Seng Index adjusted as expected yesterday, falling below its previous high of 25,766 points. The index may revisit its 20-DMA (25,124) in the near term. A break below this level could lead to a test of 24,800 points. The Hang Seng Index may need to complete its consolidation in the short term before it has a chance to test the 26,000 mark.


European stock markets came under pressure as the French government faced a crisis of collapse. French stocks closed down 1.7%, led by financial stocks. British and German stocks also fell 0.6% and 0.5%, respectively.


After opening 45 points lower, the Dow Jones Industrial Average repeatedly extended its losses, reaching as much as 90 points at 45,192. It then rebounded 155 points in late trading, reaching a high of 45,437. The S&P 500 briefly rose 0.45%, while the Nasdaq Composite rose as much as 0.47%.


Amid growing hopes for a rate cut, the Dow Jones Industrial Average closed up 135 points, or 0.3%, at 45,418; the S&P 500 rose 26 points, or 0.41%, to 6,465; and the Nasdaq rose 94 points, or 0.44%, to 21,544.


The US dollar index fell 0.34% to 98.09, the euro rose 0.41% to $1.1667, and the yen rose 0.55% to 146.99 per dollar. Bitcoin once fell to a near seven-week low of $108,719, technically falling below the 100-day moving average, and then rose 1.58% to $111,378.

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