Investment 23/10/2025

The meeting between the Chinese and US heads of state added another wrinkle. The Hang Seng Index opened 129 points lower at 25,897, then fell as much as 373 points to a low of 25,653. The index fell 245 points, or 0.94%, to 25,781. The Tech Index fell 84 points, or 1.41%, to 5,923. Main Board turnover reached HK$227.5 billion.

Although the Hang Seng Index briefly broke through the top of the downtrend at 26,247 points, it failed to hold above it, technically constituting a false breakout. Yesterday, it even fell below the 50-DMA (25,928), signaling a shift in the upward trend of Hong Kong stocks. The early-month high of 27,381 points may have marked the peak for the year. The Hang Seng Index rose from its intraday low of 14,794 on January 22, 2024, to 27,381 on October 2, a total increase of 12,587 points. If the 0.382 fibo adjustment is made, the Hang Seng Index will reach 22,573 points, which is near the 250-DMA (22,914) that separates bull and bear markets. Furthermore, the 10-year US Treasury yield fell below 4%, indicating that funds are still parked in safe-haven assets. It is believed that the stock market will continue to face resistance.

European stock markets showed mixed results, with French and German stocks falling 0.63% and 0.74%, respectively.

Mixed earnings from US companies, coupled with negative news such as the collapse of a planned meeting between US and Russian presidents in Hungary and reports that the US is considering restricting software-driven exports to China, dragged down US stocks on Wednesday. The Dow Jones Industrial Average opened 16 points higher before falling as much as 463 points to a low of 46,461. The S&P 500 fell 1.18% at one point, and the Nasdaq Composite dropped 1.92% at one point, before narrowing its losses.

At the close of trading, the Dow Jones Industrial Average was at 46,590, down 334 points, or 0.71%; the S&P 500 fell 35 points, or 0.53%, to 6,699; and the Nasdaq fell 213 points, or 0.93%, to 22,740.

The US dollar index rose 0.21% to 99.139 before fluctuating. The euro fell 0.2% to $1.1577, while the Japanese yen fell 0.08% to 152.05 per dollar. The British pound slumped 0.49% to $1.3306. Bitcoin plummeted 3.58% to $106,887. Spot gold prices plummeted another 2.93%, barely holding above $4,000, hitting a low of $4,004.26 per ounce.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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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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