Investment 19/12/2025
The Hang Seng Index fluctuated, opening 137 points lower at 25,330, then falling as much as 207 points to 25,261, before recovering to rise 43 points to a high of 25,511, closing up 29 points or 0.11% at 25,498. The Technology Index fell 39 points or 0.72% to 5,418. Main board turnover was HK$162.3 billion.
Recently, external market conditions have shown signs of weakness, with the extent of future interest rate cuts and macroeconomic performance attracting significant attention. Funds are currently cautious, and investors are hesitant to make any moves without significant news. Overall trading volume is expected to decrease before the end of the year, with a possible reversal at the beginning of next year, maintaining a fluctuating and slightly weak trend in the short term. The Hang Seng Index has strong support around 25,145, which also represents the left shoulder of a triple bottom and the neckline of a double top, and is unlikely to break through this level. A rebound to above 26,000 is possible, with the index expected to fluctuate around this level before the year-end.
European stocks rallied, with the UK pound rising 0.65%, and French and German stocks closing up 0.8% and 1% respectively.
US stocks rallied on Thursday, buoyed by positive earnings forecasts from memory chip maker Micron Technology and unexpectedly slowing US inflation to its lowest level since early 2021 at 2.7% in November. The Dow Jones Industrial Average opened 215 points higher and rose as much as 479 points to 48.365 before fluctuating and falling. The S&P 500 rose as much as 1.41%, and the tech-heavy Nasdaq Composite recovered as much as 2.01%.
At the close, the Dow Jones Industrial Average rose 65 points, or 0.13%, to 47,951; the S&P 500 rose 53 points, or 0.79%, to 6,774; and the Nasdaq Composite rose 313 points, or 1.38%, to 23,006.
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