Investment 6/10/2025

Last Friday, the Hang Seng Index opened 65 points lower at 27,221 and continued its decline, falling 314 points to 26,972. It ended the day down 146 points, or 0.53%, at 27,140, ​​snapping a three-day winning streak. The Technology Index fell 60 points, or 0.89%, to 6,622. Main Board turnover reached HK$134.7 billion.


The current rally in Hong Kong stocks was primarily driven by technology and international financial stocks. If the momentum in these two sectors falters and profit-taking occurs, the Hang Seng Index could retest the 26,600 to 26,800 level in the short term. However, with ample global liquidity and market expectations of two more Federal Reserve rate cuts this year, any correction in the Hang Seng Index could present a bargain hunting opportunity.


European stock markets showed mixed results, with the UK and French stock markets rising 0.67% and 0.31%, respectively, while the German stock market fell 0.18%.


The U.S. Congress voted again on a short-term bill to extend federal government funding, but both the Democratic and Republican proposals have yet to pass the Senate, and the government shutdown will continue into next week. All three major U.S. stock indexes broke their intraday highs on Friday before retreating from their highs and closing with mixed results, with technology stocks generally under pressure. The Dow Jones Industrial Average opened 64 points higher on Friday, then, led by UnitedHealth, extended its gains to as much as 529 points, surpassing the 47,000 level for the first time ever, reaching a high of 47,049. The S&P 500 rose 0.53% to 6,750, while the Nasdaq Composite rose 0.36% to 22,925.


At the close of trading, the Dow Jones Industrial Average rose 238 points, or 0.5%, to 46,758; the S&P 500 rose less than 1 point to 6,715; and the Nasdaq fell 63 points, or 0.28%, to 22,780.

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Investment 24/4/2026

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