Investment 2/12/2025

At the start of December, the Hang Seng Index opened 86 points higher at 25,945, then rose as much as 320 points to 26,179, closing up 174 points or 0.67% at 26,033. The Technology Index rose 45 points or 0.81% to 5,644. Main board turnover was HK$200.8 billion.


Recently, the expectation of an interest rate cut has warmed, which is beneficial to Hong Kong stocks. The market outlook for December is not pessimistic. If large-cap technology stocks perform well, the Hang Seng Index has the potential to challenge the 27,000 level. The immediate support level is 25,500, and 25,100 is crucial. Short-term resistance is seen at 26,200.


European stock markets were weak, with the UK, French, and German stock markets falling 0.18%, 0.32%, and 1.04% respectively.


Comments from Bank of Japan Governor Kazuo Ueda, hinting at an interest rate hike this month, spurred a rise in global bond yields and exacerbated market risk aversion. U.S. stocks were pressured on the first trading day of December. The Dow Jones Industrial Average opened 135 points lower on Monday and extended its losses to as much as 445 points near the close, hitting a low of 47,271. The S&P 500 fell as much as 0.72%, while the tech-heavy Nasdaq Composite dropped as much as 1.09%.


At the close, the Dow Jones Industrial Average was at 47,289, down 427 points or 0.9%; the S&P 500 fell 36 points or 0.53% to 6,812; and the Nasdaq Composite fell 89 points or 0.38% to 23,275.


The U.S. dollar index fell as much as 0.45% to 99.009 before recovering most of its losses. The euro rose as much as 0.49% to $1.1655; the yen surged 0.97% to 154.67 against the dollar. Bitcoin plunged as much as 8.6% to a low of $83,979.

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