Investment 25/9/2025
The Hang Seng Index opened 85 points lower at 26,073, then dipped to 26,057 before recovering. Led by heavyweight technology stocks, the index reversed its decline, rising as much as 403 points in the afternoon to 26,562. The index rose 359 points, or 1.37%, to 26,518 for the day. The Technology Index rose 156 points, or 2.53%, to 6,323. Main Board turnover reached HK$288.7 billion.
After two days of correction, the Hong Kong stock market rebounded and closed above the 10-DMA (26,438). This suggests a strong bottom and the market is expected to challenge 27,000. However, short-term adjustments are still needed, with the Hang Seng Index testing its 20-DMA (25,958).
European stocks saw mixed performance, with UK and German stocks rising 0.29% and 0.23% respectively, while French stocks fell 0.57%.
Federal Reserve Chairman Jerome Powell recently stated that asset prices, including stocks, are now overvalued. This comment caused US stocks to retreat from their highs on Tuesday, and the rebound on Wednesday was weak. The Dow Jones Industrial Average opened 76 points higher, extending its gains to as much as 160 points, but ultimately fell over 100 points. The S&P 500 fell 0.53% at one point, while the Nasdaq Composite rose 0.37% before falling 0.78%.
At the close of US markets, the Dow Jones Industrial Average fell 171 points to 46,121, while the S&P 500 gave up 18 points, or 0.28%, to 6,637, marking its second consecutive day of decline. The Nasdaq Composite dropped 75 points, or 0.33%, to 22,497.
The US dollar index rose 0.68% to 97.92, while the euro fell 0.73% to $1.173. The Japanese yen fell 0.84% to 148.9 per dollar, while Bitcoin rose as much as 2.2% to $113,971.
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