Investment 24/12/2025

The Hang Seng Index opened 74 points higher at 25,875, then rose as much as 125 points to 25,927 before turning lower in the afternoon, closing down 27 points or 0.1% at 25,774, ending a four-day winning streak. The Technology Index fell 37 points or 0.68% to 5,488. Main board turnover was HK$157.1 billion.

With only half a day of trading remaining this week, the US saw a Christmas rally, but Hong Kong stocks were relatively weak. This was because funds were focused on international bank stocks, while Chinese technology stocks were weak, offsetting the upward momentum of Hong Kong stocks. It is expected that the Hang Seng Index will be limited to a range of 25,145 to 26,264 points before the end of the year.

Yesterday, the Hang Seng Index reached the measured upward target of wave (c)-iv at 25,835. If bulls can hold above this level, the market will likely surpass the high of the 12th of this month, which is the starting point of wave (c)-iii at 26,007, and may move further upward. Regarding the next upward wave target, the first level to watch is 26,151, followed by 26,264.

In European stock markets, UK and German stocks rose 0.24% and 0.23% respectively.

The US economy recorded its fastest growth in two years in the third quarter, adding uncertainty to the Fed's interest rate cut prospects. Bond yields rebounded, initially dragging US stocks down slightly on Tuesday, but ultimately recovered somewhat. The Dow Jones opened 42 points lower, and the decline widened to as much as 108 points, reaching a low of 48,254 points. It then rebounded as much as 164 points, reaching a high of 48,527 points. The S&P 500 and the tech-heavy Nasdaq both closed close near their intraday highs, with the S&P 500 slightly hitting a new all-time closing high.

U.S. stocks closed with the Dow Jones Industrial Average up 79 points, or 0.16%, to 48,442; the S&P 500 up 31 points, or 0.46%, to 6,909; and the Nasdaq Composite up 133 points, or 0.57%, to 23,561.

The U.S. dollar index fell as much as 0.45% to 97.85, while the euro rose 0.36% to $1.1805. Speculation about potential Japanese intervention in the currency market pushed the yen up as much as 0.89% to 155.65 against the dollar. Bitcoin retreated 2.28% to $86,834.

German industrial giant Siemens Mobility recently beat out Chinese competitors who have long been involved in Southeast Asian infrastructure development to sign a strategic cooperation agreement with Vingroup, Vietnam's largest private conglomerate, to assist in the construction of Vietnam's first high-speed railway connecting Hanoi and Ha Long Bay.

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Investment 24/4/2026

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