Investment 24/11/2025

On Friday, the Hang Seng Index opened 375 points lower at 25,460, and the decline widened to 656 points at one point, reaching a low of 25,178. It closed down 615 points, or 2.38%, at 25,220. The Technology Index fell 179 points, or 3.21%, to 5,395. Main board turnover was HK$285.7 billion. For the week, the Hang Seng Index fell a cumulative 1,352 points, or 5.08%.

The Hang Seng Index broke below the 100-DMA (25,640) for the first time since April. A rebound is expected today, potentially returning above it, but resistance is seen at the 20-DMA (26,251). There are no major catalysts in the short term, especially as the year-end approaches, and investors are adopting a relatively conservative stance. If the Hang Seng Index fails to return above the 100-DMA within two trading days and falls below the mid-March high of 24,874, it would mean that a medium-term correction in Hong Kong stocks may have officially begun.

European stocks traded mixed, with British and French stocks rising 0.13% and 0.02% respectively, while German stocks fell 0.8%.

John Williams, the third-ranking official at the Federal Reserve, stated that the Fed still has room for further interest rate cuts in the short term. His comments offset market concerns about an artificial intelligence (AI) bubble, leading to a rebound in US stocks on Friday. The Dow Jones Industrial Average rebounded by over 800 points at one point, while the Nasdaq Composite Index fluctuated and rose by as much as 1.8%.

The Dow Jones opened 56 points higher and then extended its gains to a maximum of 825 points, reaching a high of 46,577. The S&P 500 rose as much as 1.85%, and the tech-heavy Nasdaq Composite Index rebounded by as much as 2.06%. The VIX volatility index, commonly known as the "fear index," surged to a high of 28.27 on Thursday before falling back to 22.54 on Friday, a single-day drop of 14.7%.

U.S. stocks closed higher. The Dow Jones Industrial Average rose 493 points, or 0.1%, to 46,245; the S&P 500 gained 64 points, or 0.98%, to 6,602; and the Nasdaq Composite rebounded 195 points, or 0.88%, to 22,273.

The U.S. dollar index rose as much as 0.24% to 100.4, the yen recovered 0.8% to 156.2 against the dollar, while the euro fell 0.32% to $1.1491. Cryptocurrencies continued to be sold off, with Bitcoin plunging as much as 7.63% to $80,553.

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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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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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