Investment 4/9/2025

The Hang Seng Index opened 164 points higher at 25,660, then rose 293 points to 25,789 before encountering resistance and retreating, falling 219 points to 25,276. It closed down 153 points, or 0.6%, at 25,343. The Technology Index fell 44 points, or 0.78%, to 5,683. Main Board turnover was HK$267.6 billion.


Hong Kong stock market sentiment is positive, with the Hang Seng Index approaching its annual high of 25,918 points. This marks the fifth unsuccessful attempt to break through 26,000 points since late July. As long as it does not fall below the 20-DMA (25,261), it is expected to continue to break through this year. As the mainland stock market continues to perform well, the Hong Kong stock market is also expected to benefit. Furthermore, with the release of earnings results from major stocks, the market's risk appetite has increased as uncertainties are resolved. Coupled with market expectations that mainland China will continue to introduce national policies to support the stock market, it is believed that the Hong Kong stock market will continue to perform well.


European stock markets rebounded, with the UK, French, and German stock markets closing up 0.67%, 0.86%, and 0.46%, respectively.


A slowing US job market led to lower bond yields, and with Alphabet leading the tech sector, US stocks found some relief on Wednesday. The Dow Jones Industrial Average opened slightly higher by 13 points, but then fell 315 points to a low of 44,980, before recovering most of its losses. The S&P 500 rose as much as 0.59%, while the tech-heavy Nasdaq Composite rose as much as 1.29%.


At the close of US trading, the Dow Jones Industrial Average was at 45,271, down 24 points; the S&P 500 rose 32 points, or 0.51%, to 6,448; and the Nasdaq rose 218 points, or 1.02%, to 21,497.


The US dollar index fell as much as 0.4% to 98.01; the Japanese yen rose 0.32% to 147.88 per dollar; and the British pound rose 0.5% to $1.3459. Bitcoin rose as much as 1% to $112,534. Spot gold hit a new high, rising as much as 1.28% to $3,578.51 per ounce.


A shocking development for the investment market is that Xi Jinping may wish to remain president for another 78 years.

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