Investment 15/9/2025

The Hang Seng Index opened 453 points higher at 26,539, then surged 499 points to a more than four-year high of 26,585, ending the day up 301 points, or 1.15%, at 26,388. The Tech Index rose 100 points, or 1.7%, to 5,989. Main Board turnover reached HK$320.7 billion.


Last Friday, the Hang Seng Index, as expected, broke through its 2021 high of 26,199, but then re-gained resistance at 26,500. The Hang Seng Index is expected to gradually rise to 26,800, with a chance to challenge 27,500. In the most optimistic scenario, it could reach 30,800. This is because the Hang Seng Index formed a large double bottom at its lows in October 2022 and January last year, with a confirmed break above the neckline of 22,700 in May of this year. Breaking through the neckline of this large double bottom puts the Hang Seng Index's medium- to long-term target at 30,800. However, in the short term, the Hang Seng Index opened higher and closed lower last Friday, and may need to consolidate first. The upward gap (26,241 to 26,329) is expected to provide support. Furthermore, caution is warranted regarding the possibility of a sharp decline in US stocks following a confirmed interest rate cut, dragging down Hong Kong stocks further, which would require a test of the 20-DMA (25,486).


European stock markets were mixed, with UK and German stocks closing down 0.15% and 0.02%, respectively, while French stocks rose slightly by 0.02%.


The latest US consumer confidence data was dismal, and coupled with the recent significant gains in the stock market, US stocks saw mixed performance on Friday. The Dow Jones Industrial Average opened 30 points lower, then fell as much as 294 points, reaching a low of 45,813. The tech-heavy Nasdaq Composite Index rebounded, rising 0.63%, reaching a peak of 22,182 points and closing at a new record high. The S&P 500 Index peaked at 6,600 points, rising 0.19%, before ultimately declining slightly. At the close of U.S. stock markets, the Dow Jones Industrial Average fell 273 points, or 0.59%, to 45,834; the S&P 500 fell 3 points, or 0.05%, to 6,584; and the Nasdaq Composite rose 98 points, or 0.44%, to 22,141. Last week, the Dow Jones Industrial Average rose 1%, the S&P 500 rose 1.6%, and the Nasdaq rose 2%.


The U.S. dollar index rose as much as 0.34% to 97.864. The Japanese yen fell to a low of 148.07 per dollar, down 0.58%. The euro fell 0.28% to $1.1701. Bitcoin rose as much as 2.2% to $116,733.

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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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