Investment 3/9/2025

The Hang Seng Index opened 29 points lower at 25,587, then briefly rose 107 points to 25,724 before coming under renewed pressure, falling 200 points to 25,416. The index ended the day down 120 points, or 0.47%, at 25,496. The Tech Index fell 70 points, or 1.21%, to 5,728. Main Board turnover totaled HK$328.1 billion.


Since the end of July, the Hang Seng Index has attempted to break through 26,000 points four times without success. While trading volume has become increasingly robust, fundamental factors such as domestic stimulus packages, expectations of a US Federal Reserve rate cut, and the US-China tariff talks suggest that a significant breakthrough is unlikely in the short term. It is highly likely that the Hang Seng Index will only touch 26,000 points this time before falling back, continuing the sideways trend seen at the end of July. Wait until the Hang Seng Index breaks through the technical resistance level of 26,000 points and stabilizes before entering the market to increase your investment risk-reward ratio. Otherwise, only bet on a rebound if it remains near the bottom of a sideways trend.


European stock markets came under pressure, with the UK, French, and German stock markets closing down 0.87%, 0.7%, and 2.29%, respectively.


The market continued to monitor developments in US tariff policy, coupled with rising global long-term bond yields. US bond yields surged after the US reopened after the Labor Day weekend, with the 10-year Treasury yield rising to 4.29% and the 30-year Treasury yield approaching 5%. US stocks fell sharply in early trading on Tuesday, with the Dow Jones Industrial Average opening 257 points lower, extending its losses to as much as 596 points at 44,948. The S&P 500 fell 1.54% and the Nasdaq Composite dropped 1.97% at one point, before all three indices recovered approximately half of their losses.


At the close of U.S. stock markets, the Dow Jones Industrial Average was at 45,295, down 249 points, or 0.55%; the S&P 500 fell 44 points, or 0.69%, to 6,415; and the Nasdaq Composite dropped 175 points, or 0.82%, to 21,279.


The U.S. dollar index rose 0.84% ​​to 98.595; the Japanese yen fell 1.2% to a low of 148.94 per dollar. Bitcoin rose 2.6% to $111,728.

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