Investment 30/10/2025

Before holiday, Hong Kong stocks ended a three-day winning streak. The Hang Seng Index opened 75 points higher at 26,508, rising as much as 86 points to 26,519, which was already the day's high. Investors took profits ahead of the holiday, and the Hang Seng Index quickly reversed its gains, falling as much as 188 points to a low of 26,245. After HSBC (0055) announced its quarterly results at noon, its share price surged 4.4%, improving market sentiment and narrowing the Hang Seng Index's losses. It closed down 87 points, or 0.33%, at 26,346; the Technology Index fell 77 points, or 1.25%, to 6,093. Main board turnover was HK$242.6 billion.


The US Federal Reserve announced a 0.25% interest rate cut, and the meeting between the Chinese and US leaders, which is expected to lead to an agreement and reduce uncertainty surrounding the trade outlook, are both positive factors for Hong Kong stocks. The Hang Seng Index is expected to find strong support at its 20-DMA (26,284), and is projected to break through 26,519 points at the open this morning. After futures settlement, it is expected to break through the 27,000-point resistance level, with further upside potential.


European stock markets were relatively stable, with the UK ETF rising 0.61%, while the French and German ETFs fell 0.19% and 0.64% respectively. Led by technology stocks, Japan's Nikkei index broke through 51,000 points for the first time, closing up 1,088 points or 2.17% at 51,307.


Following two consecutive days of policy meetings, the Federal Reserve announced a 0.25 percentage point reduction in the target range for the federal funds rate, bringing it to between 3.752% and 4%, marking the second rate cut this year, in line with market expectations. The authorities also announced the end of quantitative tightening (QT) starting in December, meaning a halt to balance sheet reduction, earlier than previously hinted by Federal Reserve Chairman Powell. Powell subsequently stated that another rate cut in December was not a certainty. This news dragged down the three major U.S. stock indexes, which initially rose but subsequently fell, closing mixed, with the Nasdaq hitting a new record high.


The three major U.S. stock indexes continued to break records in early trading on Wednesday. The Dow Jones Industrial Average opened 40 points higher and then extended its gains to as much as 334 points, reaching a high of 48,040 points. After Powell's remarks, it briefly fell 257 points, reaching a low of 47,448 points. The S&P 500 rose 0.43% to 6,920 points, while the technology-driven Nasdaq rose 0.81% to 24,019 points.


U.S. stocks closed lower. The Dow Jones Industrial Average fell 74 points, or 0.16%, to 47,632; the S&P 500 fell less than 1 point to 6,890; and the Nasdaq Composite rose 130 points, or 0.55%, to 23,958.


The U.S. dollar index rose 0.7% to 99.36. The market anticipated that the European Central Bank would keep its deposit rate unchanged at 2% on Thursday, causing the euro to fall as much as 0.64% to $1.1579. The Bank of Japan is also expected to keep its benchmark interest rate at 0.5% on Thursday, causing the yen to fall as much as 0.62% to 153.06 against the dollar. Bitcoin rose as much as 0.74% to $113,665.

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
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...
閱讀完整內容

Investment 24/4/2026

圖片
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...
閱讀完整內容

Investment 27/4/2026

圖片
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 ...
閱讀完整內容