Investment 18/12/2025

The Hang Seng Index opened 8 points higher at 25,243, then traded sideways before rallying in the afternoon, rising as much as 259 points to 25,494. It closed the day up 233 points, or 0.92%, at 25,468. The Tech Index rose 55 points, or 1.02%, to 5,457. Main board turnover was HK$183.1 billion.


Currently, Hong Kong stocks are showing a "triple bottom" pattern. The first bottom was on October 17th, with a low of 25,145 points; the second bottom was on November 21st at 25,178 points; and the third bottom was reached the day before yesterday at 25,086 points, although the decline narrowed slightly by the close of trading. In fact, the Hang Seng Index rose to a new bull market high of 27,381 points in late September, then corrected to 25,145 points before rebounding to 27,188 points, forming a double top pattern. If it breaks below the left shoulder of the triple bottom and the neckline of the double top at 25,145 points, the measured decline could reach 22,909 points; unless the Hang Seng Index can hold above the 250-DMA (23,842), a key bull-bear dividing line.


European stock markets showed mixed performance. Anticipation of a Bank of England rate cut on Thursday and a rise in oil stocks propelled the UK stock market up 0.92%, while French and German stocks fell 0.25% and 0.48% respectively.


U.S. stocks were pressured on Wednesday, with the Dow Jones Industrial Average opening 13 points higher and rising as much as 273 points to a high of 48,387, before turning lower and falling as much as 257 points to a low of 47,856. The S&P 500 and Nasdaq Composite both closed near their intraday lows, with the Nasdaq falling more than 1.8%.


At the close, the Dow Jones Industrial Average fell 228 points, or 0.5%, to 47,885; the S&P 500 declined 78 points, or 1.16%, to 6,721; and the Nasdaq Composite dropped 418 points, or 1.81%, to 22,693.


The US dollar index rose as much as 0.5% to 98.64. The euro fell 0.37% to $1.1703 after the European Central Bank was expected to hold rates steady following its meeting on Thursday. The pound fell as much as 0.83% to $1.3312 as UK inflation slowed significantly in November. The yen fell 0.67% to 155.76 against the dollar. Bitcoin slipped 5.3% to $85,417. Spot gold rose as much as 1.08% to $4,348.81 per ounce.

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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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