Investment 10/11/2025

The Hang Seng Index opened 135 points lower at 26,350 and continued its downward trend, falling as much as 318 points to a low of 26,167. It closed down 244 points, or 0.92%, at 26,241. The Technology Index fell 106 points, or 1.79%, to 5,837. Main board turnover was HK$209.6 billion.


On October 2nd, the Hang Seng Index encountered resistance at the Bollinger Band upper limit of 27,381 and turned downwards, finding support at the 100-DMA. Even with rebounds, the price action was characterized by lower highs and lower lows, indicating a clearly weakening technical trend. Although the Hang Seng Index rebounded 550 points last Thursday, turnover was only around HK$230 billion, and it fell again on Friday. As the Bollinger Bands on both the daily and weekly charts are narrowing, the Hong Kong stock market is expected to trade sideways, fluctuating between 25,100 and 27,400 points. The market believes that factors such as reduced capital inflows, weakening technical trends, and the revaluation of artificial intelligence companies will have a certain impact on Hong Kong stocks. Investors should remain cautious at this stage.


European stock markets closed lower across the board, with the UK, French, and German markets falling 0.55%, 0.18%, and 0.69%, respectively.


The economic impact of the US government shutdown is becoming increasingly apparent, coupled with continued market concerns about the high valuations of technology stocks. US stocks initially plunged on Friday, with the Dow Jones Industrial Average opening 115 points lower and then widening its losses to as much as 416 points, reaching a low of 46,495. Later, Senate Democrats proposed a compromise on ending the government shutdown, which helped the Dow and S&P 500 stabilize. The S&P 500 fell as much as 1.32% during the session, technically breaking below its 50-day moving average; the Nasdaq Composite fell 2.13% before ultimately recovering most of its losses.


U.S. stocks closed with the Dow Jones Industrial Average at 46,987, up 74 points or 0.16%; the S&P 500 rose slightly by 8 points or 0.13% to 6,728; and the Nasdaq Composite dropped 49 points or 0.21% to 23,004. For the week, the Dow fell 1.2%, the S&P 500 declined 1.6%, and the Nasdaq fell 3%.


The U.S. dollar index fell as much as 0.33% to 99.4, the yen fell as much as 0.35% to 153.59 per dollar, and the euro rose 0.4% to $1.1594. Bitcoin briefly fell below $100,000 again, dropping as much as 1.85% to $99,213, before recovering to rise more than 4% to $103,833.

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Investment 24/4/2026

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