Investment 10/12/2025
The Hang Seng Index opened 15 points higher at 25,780, then rose as much as 54 points to 25,820 before weakening, falling as much as 378 points to 25,386. It closed down 331 points, or 1.28%, at 25,434. The Technology Index fell 107 points, or 1.9%, to 5,554. Main board turnover was HK$210.2 billion.
A crucial meeting is currently being held in mainland China, where authorities reiterated their commitment to continuing a more proactive fiscal policy and a moderately loose monetary policy to maintain economic momentum. While this is positive, it offers little new information, and no major substantive policies have yet been introduced, thus providing insufficient impetus to the market.
The Hang Seng Index's weakness was mainly dragged down by technology, financial, and consumer stocks, reflecting cautious market sentiment. The Hang Seng Index lacks the strength to break through the upper resistance of its trading range; if it fails to hold the lower support, further declines could be significant. Without significant positive news, the Hang Seng Index may continue to fluctuate or decline slightly today, remaining within the 25,300-25,800 range. Hong Kong stock valuations remain attractive, and the Hang Seng Index is expected to consolidate in the short term, maintaining a medium-term range of 25,000-27,000, with further upside potential in the long term. Investors may consider positioning themselves around 25,000 points.
European stock markets were mixed, with German stocks rising 0.49%, while British and French stocks fell 0.03% and 0.69% respectively.
Kevin Hassett, the White House National Economic Council director and a leading candidate for the next US Federal Reserve Chairman, stated that the Fed has room to cut interest rates by more than 0.25% this week. US stocks were mixed on Tuesday. The Dow Jones Industrial Average opened 14 points lower, then rose as much as 218 points to a high of 47,957, before falling as much as 205 points to a low of 47,533. The S&P 500 rose as much as 0.27%, while the Nasdaq Composite fell 0.41% before stabilizing.
U.S. stocks closed with the Dow Jones Industrial Average down 179 points, or 0.37%, to 47,560; the S&P 500 index down 6 points, or 0.09%, to 6,840; and the Nasdaq Composite up 6 points, or 0.13%, to 23,576.
The U.S. Dollar Index (DXY) was trading between 99.24 and 99.27. Bitcoin fell below $90,000 again, dropping as much as 1.95% to a low of $89,554 before rebounding more than 5% to near $94,500.
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