Investment 28/10/2025

Amidst hopes for a Sino-US trade deal, the Hang Seng Index opened 335 points higher at 26,495 before retracing its gains, finishing the day up 273 points, or 1.04%, at 26,433. The Technology Index rose 111 points, or 1.83%, to 6,171. Main board turnover reached HK$267 billion.

The conclusion of a new round of Sino-US trade negotiations, with both sides reaching a preliminary consensus, is positive for the Hong Kong stock market. Yesterday, the Hang Seng Index briefly approached 26,500 points and is expected to challenge 27,000 points today. If there is a correction in the market, support will likely be at the 100-DMA (25,234). For stocks, keep an eye on technology and chip stocks; if sentiment in these sectors improves, they could become drivers of the broader market.

In European markets, French and German stocks closed up 0.16% and 0.28% respectively, while British stocks rose 0.09%. 

Positive factors such as progress in Sino-US trade negotiations and expectations of a Federal Reserve rate cut continued to support the US stock market's rally, with the three major indexes hitting new intraday and closing highs. The Dow Jones Industrial Average opened 205 points higher, extending its gains to as much as 357 points, reaching a high of 47,564. The S&P 500 rose as much as 1.26% to 6,877, while the Nasdaq Composite rose 1.96% to 23,658.

At the close of trading, the Dow Jones Industrial Average was at 47,544, up 337 points, or 0.71%; the S&P 500 rose 83 points, or 1.23%, to 6,875; and the Nasdaq soared 432 points, or 1.86%, to 23,637.

The US dollar index fell 0.23% to 98.729, while the euro rose 0.21% to $1.1651 and the Japanese yen fell 0.26% to 153.26 per dollar. Bitcoin rose as much as 2.68% to $116,367. Risk aversion in the market cooled, and spot gold prices fell below $4,000 per ounce, dropping 2.9% to $3,993.81.

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Investment 24/4/2026

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