Investment 18/9/2025

The Hang Seng Index opened 115 points higher at 26,554, then expanded its gains to 497 points, reaching a four-year high of 26,936. It rose 469 points, or 1.77%, to 26,908 for the day. The Tech Index rose 256 points, or 4.22%, to 6,334. Main Board turnover reached HK$360.2 billion.


Hong Kong stocks continued to break through the resistance level. After several days of trading, the Hang Seng Index finally broke through 26,500 points and even surpassed 26,800 points. It has the potential to challenge 27,500 points in the future, and in the most optimistic scenario, it could reach 30,800 points. However, a short-term pullback after the confirmation of the interest rate cut would not be surprising. The correction is expected to be limited. The Hang Seng Index is expected to find support at the 10-DMA  (26,052), with the 20-DMA (25,703) providing even greater support.


European stock markets lacked a clear direction, with UK and German stocks rising 0.14% and 0.13%, respectively, while French stocks fell 0.4%.


Based on recently released data showing a weakening US job market, the Federal Reserve announced after two consecutive interest rate meetings that it would lower the target range for the federal funds rate by 0.25 percentage points to between 4% and 4.25%, in line with market expectations. Two more rate cuts of 0.25 percentage points are expected before the end of the year, followed by one in 2026.


US stocks saw mixed performance. The Dow Jones Industrial Average opened 20 points higher and, after the rate decision, its gains expanded to 504 points, reaching a high of 46,261. It then rebounded, rising 260 points, or 0.57%, to 46,018. The S&P 500 fell 6 points, or 0.1%, to 6,600. The Nasdaq Composite Index fell as much as 72 points, or 1.23%, before closing down 0.33% at 22,261.


The US dollar index rose as much as 0.46% to 97.07, while the euro fell 0.5% to $1.181. The Japanese yen rose 0.66% to 145.5 per dollar. Bitcoin fell 1.58% to $114,976.

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Investment 24/4/2026

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