Investment 16/10/2025

The Hang Seng Index opened 273 points higher at 25,714, rising 540 points to 25,982 in the afternoon. The index rose 469 points, or 1.84%, to 25,910 for the day. The Tech Index rose 152 points, or 2.56%, to 6,075. Main Board turnover reached HK$315.8 billion.

Hong Kong stocks ended their seven-day losing streak, with the Hang Seng Index retracing above its 50-DMA (25,845). Short-term resistance lies at the bottom of Monday's downtrend at 26,247. A break above this level would test the 20-DMA (26,502), potentially pushing the index towards the 27,000 level. Holders should pay attention to key levels; the Hang Seng Index must hold above Monday's (13th) low of 25,336.

European stock markets saw mixed performance. LVMH's sales figures indicated signs of stabilization in the luxury goods market, sending its share price soaring over 12%. This, in turn, drove French stocks up 1.99%, while UK and German stocks fell 0.3% and 0.23%, respectively.

Positive corporate earnings in Europe and the United States eased market concerns about the Sino-US trade war. US stocks saw mixed performance on Wednesday. The Dow Jones Industrial Average opened 104 points higher, extending its gains to as much as 422 points, reaching a high of 46,693. It subsequently fell 243 points to a low of 46,027. The S&P 500 and Nasdaq Composite Index fluctuated, with the S&P 500 rising as much as 1.2% and the Nasdaq as much as 1.42%.

At the close of US trading, the Dow Jones Industrial Average fell 17 points to 46,253; the S&P 500 rose 26 points, or 0.4%, to 6,671; and the Nasdaq Composite rose 148 points, or 0.66%, to 22,670.

The US dollar index fell 0.39% to 98.66, the euro rose 0.34% to $1.165, and the yen rose as much as 0.62% to 150.9 per dollar. Bitcoin fell 2.9% to a low of $110,349. Spot gold broke through $4,200 per ounce for the first time, surging 1.84% to a high of $4,218.32, setting a new record high.

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