Investment 8/10/2025

The Hang Seng Index opened 137 points lower at 27,003, then briefly rose 4 points to 27,145 before renewed selling pressure, causing a 267-point drop to 26,873. The index ended the day down 183 points, or 0.67%, at 26,957. The Tech Index fell 72 points, or 1.09%, to 6,550. With the absence of southbound capital flows, trading volume was thin, reaching only HK$121.7 billion for the day, a daily decrease of 9.82%, the lowest since the half-day session on Lunar New Year's Eve in January this year.


The Hang Seng Index formed a large double bottom at its lows in October 2022 and January of last year. In May of this year, it confirmed a breakout above the neckline at 22,700 and continued its upward trajectory along a parallel ascending channel. After reaching the top of the channel in mid-last month, it experienced a slight correction and then again hit the top of the channel with a large bullish candlestick last week. With the absence of Northbound capital this week, trading volume decreased significantly, reflecting some restrained follow-up buying. Short-term consolidation is likely. Support is expected at the 10-day moving average (26,650). Since May, the Hang Seng Index has remained above the 50-day moving average (25,708). If this level holds, the Hang Seng Index will The Hang Seng Index opened 137 points lower at 27,003, then briefly rose 4 points to 27,145 before renewed selling pressure, causing a 267-point drop to 26,873. The index ended the day down 183 points, or 0.67%, at 26,957. The Tech Index fell 72 points, or 1.09%, to 6,550. With the absence of southbound capital flows, trading volume was thin, reaching only HK$121.7 billion for the day, a daily decrease of 9.82%, the lowest since the half-day session on Lunar New Year's Eve in January this year.

European stock markets saw slight gains in the UK, France, and Germany.

The US September non-farm payroll report was delayed due to the US government shutdown, but this is expected to have little impact on the stock market. Market expectations remain that the Federal Reserve will cut interest rates twice more this year. US stocks rose before falling on Tuesday. The Dow Jones Industrial Average opened slightly higher by 5 points, rising as much as 173 points before falling as much as 246 points to a low of 46,448. Both the S&P 500 and the tech-heavy Nasdaq Composite Index reversed course after reaching new highs, with the S&P 500 falling as much as 0.6% and the Nasdaq as much as 0.97%.

At the close of trading, the Dow Jones Industrial Average fell 91 points, or 0.2%, to 46,602; the S&P 500 fell 25 points, or 0.38%, to 6,714, snapping a seven-day winning streak; and the Nasdaq fell 153 points, or 0.67%, to 22,788.

The US dollar index rose as much as 0.56% to 98.66. The Japanese yen remained under pressure, falling another 1.13% to a low of 152.05 per dollar. The euro fell 0.57% to $1.1648. Bitcoin retreated 3.64% to a low of $120,775. 

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Investment 24/4/2026

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