Investment 3/12/2025

The Hang Seng Index opened 155 points higher at 26,188, then rose as much as 230 points to 26,264 before retreating and briefly turning negative. It closed up 61 points, or 0.23%, at 26,095. The Technology Index fell 20 points, or 0.36%, to 5,624. Main board turnover was HK$178.2 billion.


The Hang Seng Index remained capped by the 50-DMA (26,228). Hong Kong stocks have been trading within a sideways range of 25,000 to slightly over 27,000 points for the past few months, with little chance of an upward breakout. This is because the positive impact of the interest rate cut may have already been priced in, and there is a lack of other positive news, coupled with no increase in market turnover. Therefore, the market is expected to continue trading within this range, and investors may reduce their positions as the index approaches 27,000.


European stocks closed relatively stable, with the UK, French, and German indices down 0.01%, down 0.28%, and up 0.51%, respectively.


An OECD report indicated that the global economy has performed unexpectedly strongly this year, even under US tariffs. US stocks recovered on Tuesday, with the Dow Jones Industrial Average opening 127 points higher and extending its gains to as much as 307 points, reaching a high of 47,597; the S&P 500 rose as much as 0.57%, and the tech-heavy Nasdaq Composite rose as much as 1.08%.


At the close, the Dow Jones Industrial Average stood at 47,474, up 185 points or 0.39%; the S&P 500 rose 16 points or 0.25% to 6,829; and the Nasdaq Composite gained 137 points or 0.59% to 23,413.


The US dollar index rose as much as 0.16% to 99.57, the euro also rose 0.15% to $1.1629, and the yen fell 0.46% to a low of 156.19 per dollar. Bitcoin rebounded more than 7%, rising as high as $92,296.

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Investment 24/4/2026

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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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