Investment 5/11/2025

The Hang Seng Index opened 10 points lower at 26,148, then fell 246 points to 25,911 in the afternoon, closing down 205 points or 0.78% at 25,952. The Tech Index dropped 104 points or 1.75% to 5,818. Main board turnover was HK$239.9 billion.


Yesterday morning, the Hang Seng Index reached a high of 26,291, slightly exceeding last Friday's high of 26,263, but subsequently declined, breaking below the 10-day, 20-day, and 50-day moving averages. The next support level to watch is the 100-DMA (25,337). If the 100-DMA support is breached, it will be necessary to consider whether a medium-term correction in Hong Kong stocks has officially begun, depending on whether the previous medium-term upward wave peak, namely the mid-March high of 24,874, is broken. In other words, the 0.382 Fibonacci retracement target for the correction from the early April low of 19,260 to 27,381 is 24,279. While the recent meeting between the Chinese and US leaders resulted in concessions from both sides, it was insufficient to propel the Hang Seng Index to another upward breakout, and the likelihood of a negative impact is higher.


European stocks showed mixed performance, with the UK FTSE 100 rising 0.14%, while French and German stocks fell 0.52% and 0.76% respectively.


Warnings from Wall Street giants like Goldman Sachs and Morgan Stanley about a potential market correction, coupled with a sharp drop in Palantir's stock price after its earnings report, triggered concerns about a potential bursting of the artificial intelligence (AI) investment bubble. U.S. stocks were significantly pressured on Tuesday, with the Dow Jones Industrial Average falling more than 400 points at one point, and the Nasdaq Composite plunging more than 2%. The VIX volatility index, commonly known as the "fear index," surged as much as 19.28% to 20.48. The Dow opened 188 points lower and then extended its losses to a low of 46,877, a drop of as much as 459 points; the S&P 500 retreated as much as 1.24%, and the Nasdaq Composite plunged as much as 2.1%.


At the close of trading, the Dow Jones Industrial Average was at 47,085, down 251 points or 0.52%; the S&P 500 fell 80 points or 1.17% to 6,771; and the Nasdaq Composite dropped 486 points or 2.04% to 23,348.


The US dollar continued its rebound, briefly testing the $100 level yesterday morning, which dampened investor sentiment in the stock market. Risk assets were sold off, with Bitcoin falling as much as 6.5%, dropping below $100,000, its lowest level since June.

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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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