Investment 31/12/2025
Hong Kong stock futures settled smoothly. The Hang Seng Index opened 1 point higher and rose significantly in the afternoon, gaining as much as 294 points to 25,930, but was capped by the 26,000 mark, closing up 219 points or 0.86% at 25,854. The Tech Index rose 95 points or 1.74% to 5,578. Main board turnover exceeded HK$199.7 billion.
Yesterday's rebound was capped by the previous day's high of 26,082. If today's closing price fails to reach above that level, it will confirm that a very short-term downtrend is underway. The short-term outlook remains favorable, but if the decline widens, it could turn bearish or even bearish. Due to the Lunar New Year holiday, market participation is low. US stocks are expected to continue consolidating at high levels in the short term. Although there is still a risk of a pullback from these high levels, a deeper correction is not expected until early 2026 at the earliest. Hong Kong stocks were also constrained by the holiday atmosphere, lacking significant upward momentum and concluding 2025.
European stocks performed well, with UK, French, and German stocks rising 0.75%, 0.69%, and 0.57% respectively.
US stocks were weak on Tuesday. The Dow Jones Industrial Average opened 27 points lower and then widened its losses to as much as 164 points, reaching a low of 48,297. The S&P 500 fell as much as 0.18%, and the tech-heavy Nasdaq Composite dropped as much as 0.25%. The Federal Reserve released the minutes of its earlier meeting this month, showing that officials were clearly divided on monetary policy, but most officials believed that further interest rate cuts might be appropriate over time. Following the release of the minutes, US stocks remained weak, with the Nasdaq Composite's losses widening slightly. Precious metal prices stabilized.
U.S. stocks closed lower. The Dow Jones Industrial Average fell 94 points, or 0.19%, to 48,367; the S&P 500 dropped 9 points, or 0.14%, to 6,896; and the Nasdaq Composite slipped 55 points, or 0.24%, to 23,419.
The U.S. dollar index rose as much as 0.23% to 98.27, while the euro fell 0.25% to $1.1744, and the yen retreated 0.33% to 156.57 against the dollar. Bitcoin rose as much as 2.7% to $89,224. Spot gold rose as much as 1.66% to $4,404.29 per ounce.
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