Investment 26/11/2025

Some investors mistakenly believed that the phone call between the Chinese and US leaders would be beneficial to the market, and Hong Kong stocks continued Monday's nearly 500-point rise. Yesterday, after a higher opening, the Hang Seng Index fluctuated upwards, with technology stocks continuing to drive the market. The Hang Seng Index opened 232 points higher, or 0.9%, at 25,948, and then fluctuated upwards, with the market gain once expanding to a maximum of 352 points, reaching a high of 26,069. Selling pressure appeared above the 26,000 mark, and the gains narrowed in the afternoon session, rising only 24 points at one point, reaching a low of 25,740. It closed at 25,894, up 178 points or 0.69%, marking two consecutive days of gains. The Tech Index rose 66 points, or 1.2%, to 5,612. Total market turnover shrank to HK$231.1 billion.


The Hang Seng Index was previously constrained by the 50-DMA (26,286), and is expected to break through this level this week, testing whether it can surpass the 27,000 mark. The main resistance level for the Hang Seng Index going forward is the October 2nd high of 27,381 points. If the index can break through this level, it not only indicates that the market will further seek new highs for the year, but also suggests the possible start of a new medium-term upward wave, with the first target at 29,617 points. If the market can initiate a new medium-term upward wave, the rise that began in the fourth quarter could technically continue into the first quarter of next year. Of course, active trading is essential to avoid limiting the upward momentum.


European stock markets performed well, with UK, French, and German stocks rising by 0.78%, 0.83%, and 0.97% respectively.


U.S. stocks continued their strong rebound from the previous two days, with the Dow Jones Industrial Average opening 34 points higher on Tuesday before briefly turning slightly lower. It then climbed steadily, extending its gains to as much as 734 points, reaching a high of 47,182. The S&P 500 fell as much as 0.67%, while the tech-heavy Nasdaq Composite fell as much as 1.25%, mainly dragged down by a sharp drop in Nvidia, a leading artificial intelligence (AI) chipmaker. Nvidia plunged as much as 7.1% before closing down 2.6%.


At the close, the Dow Jones Industrial Average was up 664 points, or 1.4%, at 47,112; the S&P 500 rose 60 points, or 0.91%, to 6,765; and the Nasdaq Composite gained 153 points, or 0.67%, to 23,025.


The US dollar index fell as much as 0.49% to 99.65, the euro rose 0.58% to $1.1589, and the yen gained 0.71% to 155.8 against the dollar. Bitcoin fell as much as 3.19% to $86,220.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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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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