Investment 11/9/2025

The Hang Seng Index opened 104 points higher at 26,042, extending its gains to as much as 358 points, reaching a four-year high of 26,296. It rose 262 points, or 1%, to 26,200, marking its fourth consecutive day of gains. The Tech Index rose 73 points, or 1.26%, to 5,902. Main Board turnover reached HK$288.2 billion.


Yesterday, the Hang Seng Index closed above its 2021 high of 26,199, with the next high at 27,019. It is expected to consolidate at its current level 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 the confirmation of a rate cut, dragging down Hong Kong stocks. If the Hang Seng Index corrects, support lies below its 50-DMA (25,020).


Investors should avoid being carried away by the bull market sentiment and remain vigilant regarding three key areas for the market outlook. First, whether the Hang Seng Index can maintain its recent upward trajectory; second, keep an eye on the Hang Seng Index's 14-day Relative Strength Index (RSI). If it approaches 80 (currently at 63.1), it indicates that the Hong Kong stock market is beginning to overheat. Finally, the Federal Reserve's post-meeting statement next week, whether hawkish or dovish, will also provide insights into the future market.


European stock markets were mixed, with UK and German stocks closing down 0.19% and 0.36%, respectively, while French stocks rose 0.15%.


Oracle's 36% surge to a new high and weaker-than-expected producer price data led to mixed performances in US stocks on Wednesday. The S&P 500 and Nasdaq both broke their previous highs and reached record closing highs. The S&P 500 rose as much as 0.67% to 6,555 points, while the tech-heavy Nasdaq rose 0.56% to 22,000 points. However, after opening 20 points higher, the Dow Jones Industrial Average reversed course and plummeted 331 points to a low of 45,380. Several major Wall Street banks raised their year-end targets for the S&P 500.


At the close of U.S. trading, the Dow Jones Industrial Average fell 220 points to 45,490; the S&P 500 rose 19 points, or 0.3%, to 6,532; and the Nasdaq Composite rose 6 points, or 0.03%, to 21,886.


The U.S. dollar index fell as much as 0.2% to 97.595 before stabilizing. The euro fluctuated in late trading, giving back 0.13% to $1.1696. The Japanese yen stabilized, trading at 147.4 per dollar. Bitcoin rose 2.52% to $114,329.

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Investment 24/4/2026

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