Investment 16/9/2025
The Hang Seng Index opened 79 points lower at 26,308, then fell 107 points to 26,280 before rising 144 points to 26,532. It closed up 58 points, or 0.22%, at 26,446. The Tech Index rose 54 points, or 0.9%, to 6,043. Main Board turnover reached HK$290.1 billion.
Hong Kong stocks are trading at a four-year high, with the Hang Seng Index retracing its losses after regaining 26,500 points. However, it is expected to gradually rise to 26,800 points, with a chance to challenge 27,500 points. In the most optimistic scenario, it could reach 30,800 points. Given that both US and Hong Kong stocks have reached highs, a short-term pullback following the confirmation of the interest rate cut would not be surprising. However, the extent of the correction is expected to be limited. The Hang Seng Index is expected to find support at its 20-DMA (25,550), with greater support for mid-term at its 50-DMA (25,161). This week, several central banks, including the Federal Reserve, will hold interest rate meetings. Markets are focused on the pace of rate cuts this year, which is believed to influence global stock market trends.
European stock markets showed mixed results, with UK stocks down 0.07%, while French and German stocks rose 0.92% and 0.21%, respectively.
U.S. stocks rose on Monday, with the S&P 500 and Nasdaq both breaking intraday highs and setting new closing records, while the Dow Jones Industrial Average fluctuated. After opening slightly higher by 14 points, the Dow Jones Industrial Average extended its gains to as much as 144 points, reaching a high of 45,978. The S&P 500 rose 0.54% to 6,619, while the tech-heavy Nasdaq rose 0.95% to 22,352.
At the close of U.S. stock markets, the Dow Jones Industrial Average rose 49 points, or 0.11%, to 45,883; the S&P 500 rose 30 points, or 0.47%, to 6,615, closing above 6,600 for the first time ever; and the Nasdaq Composite rose 207 points, or 0.94%, to 22,348.
The U.S. dollar index briefly fell 0.29% to 97.27, the euro rose 0.36% to $1.1777, and the yen rose 0.3% to 147.23 per dollar. Bitcoin retreated as much as 1.23% to $114,431.
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