Investment 9/10/2025
Hong Kong stocks were weak after the holiday. The Hang Seng Index opened 57 points lower at 26,900, then fell 440 points to 26,517. The decline narrowed in the afternoon, leaving the index down 128 points, or 0.47%, at 26,829. The Tech Index fell 36 points, or 0.55%, to 6,514. Main board turnover totaled HK$173.8 billion.
Hong Kong stocks fell for three consecutive days, with the Hang Seng Index falling 457 points. Given the previous surge, caution is advised against profit-taking as northbound capital flows return today, which could increase selling pressure on the broader market. Furthermore, the US government shutdown dampened market sentiment, and the Hang Seng Index may continue to test the support of its 20-DMA (26,541) in the short term.
European stock markets rose across the board, with French stocks performing best, closing up over 1%. British and German stocks rose 0.69% and 0.87%, respectively.
Investors bought into the market on pullbacks, anticipating resilient corporate earnings and a Federal Reserve rate cut. US stocks saw mixed performances on Wednesday, with the S&P 500 and Nasdaq hitting record highs both intraday and closing, while the Dow Jones Industrial Average saw slight declines. After opening 46 points higher, the Dow Jones Industrial Average surged as much as 213 points to 46,816. The S&P 500 rose 0.61% to 6,755, while the Nasdaq rose 1.13% to 23,045.
At the close of trading, the Dow Jones Industrial Average fell 1 point to 46,601, while the S&P 500 rose 39 points, or 0.58%, to 6,753. The Nasdaq Composite rose 255 points, or 1.12%, to 23,043.
The US dollar index rose 0.49% to 99.06, while the Bloomberg Dollar Spot Index climbed to a near two-month high. The Japanese yen fell 0.72% to a six-month low of 153 per dollar, while the euro dropped 0.52% to $1.1599. Bitcoin rose 2.34% to $124,081.
Meanwhile, as the US government shutdown crisis persists, safe-haven funds continue to flock to gold and other precious metals. Spot gold prices broke through $4,000 per ounce for the first time, reaching a high of $4,059.31, a 1.88% increase.
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