Investment 13/10/2025

Last Friday, the Hang Seng Index opened 228 points lower at 26,523 and remained under pressure. The decline intensified in the afternoon, falling 505 points to a low of 26,247. The index fell 462 points, or 1.72%, to 26,290 points for the day, marking its fifth consecutive day of decline. The Tech Index fell 211 points, or 3.27%, to 6,259 points. Main Board turnover totaled HK$333.7 billion. For the week, the Hang Seng Index fell 850 points, or 3.13%.


Donald Trump, who lost the Nobel Peace Prize, has been slamming the US-China trade relationship. Wall Street investors took the opportunity to reduce their positions and take profits, leading to a sharp drop in the three major US stock indices. Hong Kong stocks are expected to follow suit with a sharp correction today, potentially breaking below the 50-DMA (25,781). The Hang Seng Index has been rising along its 50-DMA since May. If it falls below the 50-DMA, it could be considered a mid-term correction, with a significant decline expected. This is unless the Hang Seng Index can hold above the 150-DMA (24,252). In fact, the Hang Seng Index rose 12,587 points from its intraday low of 14,794 on January 22, 2024, to 27,381 on October 2. If the 0.382 fibo is adjusted, the Hang Seng Index will reach 22,573 points, which is near the 250-DMA (22,761) that separates bull and bear markets.


European stock markets closed weaker, with UK, French, and German stocks down 0.86%, 1.53%, and 1.5%, respectively.


US President Trump stated on social media that, based on China's restrictions on rare earth exports, he had no reason to meet with Chinese President Xi Jinping in South Korea at the end of the month and threaten to impose new tariffs. This news dragged down US stocks on Friday, which initially rose but then fell. The Dow Jones Industrial Average opened 36 points higher and rose as much as 283 points before falling 887 points to a low of 45,470. The S&P 500 and Nasdaq Composite also closed close to their intraday lows, with the Nasdaq down over 3.5%.


At the close of U.S. stock markets, the Dow Jones Industrial Average fell 878 points, or 1.9%, to 45,479; the S&P 500 fell 182 points, or 2.71%, to 6,552; and the Nasdaq Composite dropped 820 points, or 3.56%, to 22,204. For the week, the Dow Jones Industrial Average fell 2.7%, the S&P 500 fell 2.4%, and the Nasdaq fell 2.5%.


Last Friday, the US dollar index fell as much as 0.7% to 98.84, the euro rebounded 0.57% to $1.1632, and the Japanese yen rose 1.02% to 151.52 per dollar. Bitcoin plummeted 5.1% to $116,237 at one point, falling further to $104,782 by the end of Friday's trading, a 3.2% drop from its previous level. This move triggered a wave of volatility, and financial markets deteriorated sharply.

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Investment 24/4/2026

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