Investment 22/9/2025

Last Friday, as the market waited for the call between the Chinese and US heads of state, the Hang Seng Index opened 38 points higher at 26,583 before a period of mixed trading between bulls and bears. It dipped 130 points to 26,414 before rising 92 points to 26,637. It closed up less than 1 point for the day at 26,545. The Tech Index rose 23 points, or 0.37%, to 6,294. Main Board turnover reached HK$376.8 billion.


The Hang Seng Index corrected after breaking through the 27,000 mark the previous day, with trading volume increasing to over HK$400 billion in a bearish market. Profit-taking may have occurred due to the positive news of the US interest rate cut. Hong Kong stocks have risen over 4,300 points since their early June lows. Consolidation at this stage is normal, and the overall market sentiment remains relatively positive. The Hang Seng Index's initial support lies at its 10-DMA (26,313), with the next key support at its 20-DMA (25,835). If it holds above this level and there are no signs of capital outflow, the outlook remains positive. The upper resistance level lies at 27,000 points, and a break above this level could potentially challenge 27,500 points.


European stock markets suffered setbacks, with UK, French, and German stocks down 0.12%, 0.01%, and 0.15%, respectively.


Following the Federal Reserve's interest rate cut, market confidence in the outlook for US corporate earnings has increased. Last Friday was quadruple witching day for the US stock market. The Dow Jones Industrial Average opened 68 points higher, then subsequently extended its gains to 254 points, reaching a high of 46,396. The S&P 500 rose 0.6% to 6,671, and the tech-heavy Nasdaq Composite rose as much as 0.78% to 22,645. All three major indices hit record highs for both the day and the close.


At the close of U.S. markets, the Dow Jones Industrial Average rose 172 points, or 0.37%, to 46,315; the S&P 500 rose 32 points, or 0.49%, to 6,66,354; and the Nasdaq Composite rose 160 points, or 0.72%, to 22,631.


The U.S. dollar index rose 0.47% to 97.809, while the euro fell 0.5% to $1.1729. The Japanese yen fell 0.19% to 148.28 per dollar. The British pound slumped 0.68% to $1.3463. Bitcoin fell as much as 2.12% to $115,190.

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Investment 24/4/2026

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