Investment 20/10/2025

The US banking crisis triggered risk aversion. The Hang Seng Index opened 36 points lower at 25,851, then gradually extended its losses, plummeting 743 points to 25,145. The index fell 641 points, or 2.47%, to 25,247. The Tech Index fell 243 points, or 4.05%, to 5,760. Main board turnover totaled HK$314.6 billion .

For the week, the Hang Seng Index fell 1,043 points, or 3.96%.

The Hang Seng Index has been hovering around its 50-DMA (25,872) for several consecutive trading days. With some signs of hope emerging in the Sino-US trade dispute, the index is expected to re-cross the 26,000 mark, challenging the significant resistance level of 26,247, the bottom of last Monday's decline. The 100-DMA (25,077) provides strong support.

European stocks came under pressure, led by declines in the banking sector. UK, French, and German stocks fell 0.86%, 0.18%, and 1.82%, respectively.

US President Trump stated that the 100% tariffs on China were unsustainable and that he would meet with Xi Jinping in South Korea within two weeks. This appeared to cool the trade war between the two countries. This, coupled with a slight easing of investor fears about deteriorating bank loan quality, led to a rebound of as much as 374 points on Friday, after opening 89 points lower, to a high of 46,327. The S&P 500 rose 0.75% at one point, while the tech-heavy Nasdaq fell 0.67% before rebounding 0.77%. All three major indexes closed up more than 0.5%.

At the close of US markets, the Dow Jones Industrial Average was at 46,190, up 238 points, or 0.52%; the S&P 500 rose 34 points, or 0.53%, to 6,664; and the Nasdaq rose 117 points, or 0.52%, to 22,679.

The US dollar index fluctuated, rising 0.22% to 98.554, while the euro fell 0.26% to $1.1657. The traditional safe-haven Japanese yen reversed its recent weakness, briefly rising above 150 per dollar to reach a high of 149.38, a 0.7% increase, before falling slightly. Bitcoin fell another 4.02% to a low of $103,550.

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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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