Investment 10/10/2025

Mainland China's stock market reopened after the holiday, with the return of northbound capital. The Hang Seng Index opened 32 points higher at 26,862, then dipped 348 points to a low of 26,480. The decline subsequently narrowed, with bulls and bears battling each other. The index rose 148 points to 26,978 in the afternoon, but selling pressure resurfaced in late trading. The index closed 76 points, or 0.28%, lower at HK$26,752, marking its fourth consecutive day of decline. The tech index fell 42 points, or 0.65%, to 6,471. Main board trading volume increased to HK$386.8 billion.


HSBC plans to spend over HK$100 billion to privatize Hang Seng. HSBC Holdings fell over 7% to HK$102.5, a 5.9% drop for the day.


Hong Kong stocks are expected to continue their correction today, testing support at the 50-DMA (25,758). The return of northbound capital has had limited impact on Hong Kong stocks. The Hang Seng Index is expected to rise in the short term from its June low, potentially accumulating over 4,700 points. Positive factors are believed to have already been factored in. Further potential positive factors will emerge only after the opening of a major mainland conference and the meeting between the Chinese and US heads of state at the end of October. Currently, the market is unlikely to show a clear direction, and funds may flow into high-yield stocks.


European stock markets were mixed, with UK and French stocks falling 0.41% and 0.23%, respectively, while the German stock market rose 0.06%.


A lack of positive news and investor concerns about overheating in the stock market led to a weak US stock market on Thursday. The S&P 500 and Nasdaq Composite Index briefly broke through their peaks before retreating. The Nasdaq fell as much as 0.63% and the S&P 500 fell as much as 0.56%. The Dow Jones Industrial Average opened 48 points higher before falling 330 points, hitting a low of 46,271.


At the close of U.S. markets, the Dow Jones Industrial Average was still down 243 points at 46,358; the S&P 500 fell 18 points, or 0.28%, to 6,735; and the Nasdaq Composite rose 18 points, or 0.08%, to 23,024.


Precious metals continued to attract safe-haven funds, especially silver. Spot silver prices broke through $50 per ounce for the first time since the 1980s, rising 5.1% to a high of $51.382. Spot gold prices rose 0.4%, approaching a record high of $4,057.98, before falling as much as 2.38% to a low of $3,945.4.

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Investment 24/4/2026

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