Investment 12/9/2025

Hong Kong stocks snapped their four-day winning streak. The Hang Seng Index opened 212 points lower at 25,987, then fell 321 points to 25,878. It reversed its decline in the afternoon, rising 41 points to 26,241, but retreated again in late trading, ending the day down 113 points, or 0.43%, at 26,086. The Tech Index fell 13 points, or 0.23%, to 5,888. Main Board turnover reached HK$325.2 billion.


Hong Kong stocks have accumulated significant gains over the past four consecutive days. Coupled with the numerous fundraising activities, market sentiment will be temporarily affected. We anticipate a short-term consolidation pattern for the Hong Kong stock market, but the upward trend remains intact. The market is expected to challenge the 2021 high of 26,199 points again today, testing the resistance level of 26,500 points. A potential challenge to 27,500 points is possible, with a potential rise to 30,800 points in the most optimistic scenario. Beware 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, its 20-DMA (25,434) will provide support.


European stock markets rose across the board, with UK, French, and German stocks closing up 0.78%, 0.8%, and 0.3%, respectively. Japan's Nikkei index hit a new high, closing at 44,372 points, up 1.22%.


US jobless claims rose to a near four-year high, coupled with in-line core inflation, further bolstering the case for a Federal Reserve rate cut next week. All three major US stock indexes broke through intraday highs on Thursday, closing at record highs. The Dow Jones Industrial Average closed above 46,000 points for the first time. After opening 86 points higher, the Dow Jones Industrial Average extended its gains to as much as 646 points, reaching 46,137. The S&P 500 rose 0.93% to 6,592, while the tech-heavy Nasdaq Composite Index rose 0.79% to 22,059. At the close of U.S. stock markets, the Dow Jones Industrial Average rose 617 points, or 1.36%, to 46,108; the S&P 500 rose 55 points, or 0.85%, to 6,587; and the Nasdaq Composite rose 157 points, or 0.72%, to 22,043.


The U.S. dollar index fell as much as 0.32% to 97.47. As expected, the European Central Bank maintained its deposit rate at 2%. The euro rose 0.46% to $1.1748, and the yen rose 0.33% to 146.99 per dollar. Bitcoin rose 0.98% to $114,731.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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