Investment 25/11/2025

The Hang Seng Index opened 232 points higher at 25,452 and maintained its upward trend, rising as much as 550 points in the afternoon to a high of 25,770, closing up 496 points or 1.96% at 25,716. The Technology Index rose 150 points or 2.78% to 5,545. Main board turnover was HK$302.6 billion.

A slight increase in expectations of a US Federal Reserve interest rate cut stabilized overseas stock markets, leading to a technical rebound in Hong Kong stocks yesterday. The Hang Seng Index climbed back above the 100-DMA (25,655) and may break through the 50-DMA (26,290) resistance in the next two days. If a correction occurs, last Friday's low of 25,178 will become a crucial short-term support level that cannot be breached. Following Liu Yang's reaffirmation that the Hang Seng Index's target of 35,000 points by 2027 remains unchanged, HSBC Global Research issued a report raising its year-end target for the Hang Seng Index from 27,010 points to 27,500 points, and its year-end target for 2023 to 31,000 points. It maintained its "Overweight" rating on Hong Kong stocks, while keeping its "Underweight" rating unchanged for Taiwan, South Korea, Japan, Singapore, and Thailand.

European stock markets performed well, with UK and French stocks falling 0.05% and 0.29% respectively, while German stocks rose 0.64%.

US stocks continued their upward trend on Monday, with another Federal Reserve official expressing support for a December rate cut, coupled with a further rebound in technology stocks. The Dow Jones Industrial Average opened 106 points higher and then extended its gains to a maximum of 342 points, reaching a high of 46,587 points. The S&P 500 rose as much as 1.71%, and the Nasdaq Composite, dominated by technology stocks, surged as much as 2.89%.

U.S. stocks closed higher. The Dow Jones Industrial Average rose 202 points, or 0.44%, to 46,448; the S&P 500 gained 102 points, or 1.55%, to 6,705; and the Nasdaq Composite surged 598 points, or 2.69%, to 22,872.

The U.S. dollar index fell as much as 0.17% to 100.01, while the euro rose 0.34% to $1.1553. The yen slipped as much as 0.52% to 157.2 against the dollar. Bitcoin rebounded more than 4% on Sunday, after initially falling on Monday before rising as much as 4.3% to $89,232.

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Investment 24/4/2026

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