Investment 5/9/2025

The Hang Seng Index opened 145 points higher at 25,489 before fluctuating, falling as much as 330 points to 25,013. The index ended the day down 284 points, or 1.12%, at 25,058. The Tech Index fell 104 points, or 1.84%, to 5,578. Main Board turnover reached HK$302.2 billion.


After five failed attempts to break through the 26,000-point mark, the Hang Seng Index finally fell below its 20-DMA (25,260) and is expected to test support at its 50-DMA (24,894). Further gains are expected after consolidation is complete. Rumors that financial authorities are planning multiple measures to curb stock market speculation further cooled the mainland and Hong Kong stock markets yesterday. Furthermore, with the peak earnings season having passed, the market is currently lacking any new news to support a breakthrough. The market remains on the sidelines regarding the Federal Reserve's interest rate decision and tariff news, leading investors to adopt a cautious approach. Hong Kong stocks face limited upside potential, with individual stocks primarily performing. The Hang Seng Index is expected to fluctuate primarily between its 20-DMA and 50-DMA. 


Beware of a potential plunge in US stocks after a confirmed rate cut, potentially dragging down Hong Kong stocks. If the Hang Seng Index falls below its 50-day moving average, it could potentially fall to 23,375 points. This is because: Based on the golden ratio, the Hang Seng Index rose from its April low of 19,260 to its recent high of 25,918, a cumulative increase of 6,658 points. A 0.382-fold correction would reach 23,375.


European stock markets saw mixed performance, with the UK and German stock markets closing up 0.42% and 0.74%, respectively, while the French stock market fell 0.27%.


Signs of a slowing US job market and continued declines in bond yields led to a rally in US stocks on Thursday, with the S&P 500 hitting a record high. The Dow Jones Industrial Average opened 66 points lower, falling as much as 110 points before rebounding as much as 361 points to 45,632. The S&P 500 rose 0.84%, and the tech-heavy Nasdaq Composite rose as much as 1%.


At the close of U.S. trading, the Dow Jones Industrial Average rose 350 points, or 0.77%, to 45,621; the S&P 500 rose 53 points, or 0.83%, to 6,502; and the Nasdaq rose 209 points, or 0.98%, to 21,707.


The U.S. dollar stabilized, with the U.S. dollar index rising 0.3% to 98.44. The Japanese yen fell 0.46% to a low of 148.78 per dollar. Bitcoin rose 2.6% to a high of $112,284.

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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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