Investment 17/11/2025

The Hang Seng Index opened 412 points lower at 26,660 and continued its downward trend, falling as much as 537 points in the afternoon to a low of 26,535. It closed down 500 points, or 1.84%, at 26,572, ending a four-day winning streak. The Technology Index fell 168 points, or 2.81%, to 5,812. Main board turnover was HK$232.7 billion.


In May, the Hang Seng Index confirmed a break above the neckline of a large double bottom at 22,700 and advanced along a parallel upward channel. On October 2nd, it reached the channel top at 27,381 before encountering resistance and turning downwards. However, it found support at the 100-DMA (25,561) and rebounded over the past two weeks, recovering the 50-DMA (26,263). However, it encountered significant resistance again near the previous high of 27,381. Although the Hang Seng Index opened below 26,733 points on Friday, it managed to close above the 10-DMA (26,469). As long as it remains above the 50-DMA, further downside is limited. With the Bollinger Bands on both the daily and weekly charts narrowing, the Hong Kong stock market is currently trading sideways, likely fluctuating between 25,561 and 27,381 in the short term, awaiting a breakout opportunity.


European stock markets declined across the board, with the UK, French, and German markets falling 1.11%, 0.76%, and 0.69% respectively.


Concerns about overvalued tech companies persisted, coupled with market estimates that the chance of a Fed rate cut next month had fallen below 50%. US stocks continued their decline on Friday, with the Dow Jones Industrial Average opening 234 points lower and then widening its losses to a maximum of 594 points, reaching a low of 46,863. The S&P 500 fell as much as 1.35%. However, the Nasdaq Composite Index rebounded after a sharp 1.9% drop, as investors took advantage of the dips to buy quality tech stocks. The VIX volatility index, commonly known as the "fear index," surged 15.2% to 23.03% before settling largely flat.


At the close of trading on the US stock market, the Dow Jones Industrial Average fell 309 points, or 0.65%, to 47,147; the S&P 500 fell 3 points, or 0.05%, to 6,734; and the Nasdaq Composite rose 30 points, or 0.13%, to 22,900.


The dollar rose slightly on Friday as investors reduced their positions awaiting assessment of the backlog of economic data following the reopening of the US government. The US dollar index was last up 0.2% at 99.319. The dollar traded at 154.45 against the yen. The euro fell to 1.162 against the dollar. The pound fell to 1.316 against the dollar.

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Investment 24/4/2026

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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...
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Investment 27/4/2026

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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 ...
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