Investment 10/9/2025
The Hang Seng Index opened 77 points higher at 25,711, then extended its gains, rising 394 points to 26,027, a near four-year high. The upward trend then stalled, ending the day up 304 points, or 1.18%, at 25,938, marking its third consecutive day of gains. The Technology Index rose 74 points, or 1.3%, to 5,828. Main Board turnover reached HK$294 billion.
Hong Kong stocks rose for three consecutive days. Although the 26,000-point mark was recaptured, the market closed above the recent high of 25,918. It is expected to consolidate between 26,000 and 26,200 in the short term, with a potential test of 27,500 points. In an optimistic scenario, it could reach 30,800 points. Be wary of a potential sharp decline in US stocks next week following a confirmed interest rate cut, dragging down Hong Kong stocks. If the Hang Seng Index corrects, support lies below its 50-DMA (24,980).
European stock markets saw mixed performance, with UK and French stocks both rising around 0.2%, while German stocks closed down 0.37%.
Weak August employment data released by the US last Friday has fueled market expectations of a 0.25% interest rate cut by the Federal Reserve next week, with some even betting on a 0.5% rate cut to stimulate the economy. US stocks saw a mixed performance in early trading on Tuesday. The Dow Jones Industrial Average opened 32 points higher, then surged as much as 249 points to 45,764. The S&P 500 rose 0.36%, while the tech-heavy Nasdaq rose 0.43%.
The three major US stock indices repeatedly hit record highs at the close, with the Nasdaq also breaking its intraday high. The Dow Jones Industrial Average rose 196 points, or 0.43%, to 45,711; the S&P 500 rose 17 points, or 0.27%, to 6,512; and the Nasdaq Composite rose 80 points, or 0.37%, to 21,879.
The U.S. dollar index rose 0.38% to 97.82. Expectations of a Bank of Japan rate hike intensified, with the yen rising 0.81% to 146.31 per dollar, while the euro fell 0.52% to $1.1704. Bitcoin rose 1.15% to $113,268.
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