Investment 4/12/2025

The Hang Seng Index opened 114 points lower at 25,980, then fell as much as 370 points to 25,724, closing down 334 points or 1.28% at 25,760. The Tech Index fell 89 points or 1.58% to 5,534. Main board turnover was HK$164.3 billion.

Since April 14th of this year, the Hang Seng Index has only broken below the 100-DMA (25,789) on April 16th, November 21st, and December 3rd, reflecting strong support at the 100-DMA. It is expected to recover quickly today, continuing to hover between 25,700 and 26,200 in the short term. Otherwise, a gradual decline will form, with the next support level at 25,000 to 25,200. In a weaker scenario, the support level to watch is the 150-DMA (25,073). In fact, the Hang Seng Index rose to a new bull market high of 27,381 in late September, then corrected to 25,145 before rebounding to 27,188, forming a double top pattern. If it breaks below the neckline of the double top at 25,145, the measured decline could reach 22,900, which is also the 250-DMA (23,609), a key level separating bull and bear markets.

Hong Kong stock valuations have been revised downwards, and the reduced market turnover reflects a "closing out" by funds. Even if there are gains, they are likely to be weak, indicating a lack of a strong market bottom. The short-term bull market for Hong Kong stocks is expected to be weak, and investors should avoid aggressive buying; instead, a "lock in profits, protect capital" strategy is advisable.

European stocks closed mixed, with British and German stocks experiencing slight pullbacks, while French stocks rose 0.16%.

Weak U.S. jobs data fueled investor concerns about a deteriorating economy, but strengthened arguments for interest rate cuts, leading to a surge in U.S. stocks on Wednesday. The Dow Jones Industrial Average opened 102 points lower but then rose as much as 495 points to a high of 47,969. The S&P 500 fluctuated, rising as much as 0.48%, while the tech-heavy Nasdaq Composite retreated 0.61% before rebounding as much as 0.37%.

At the close, the Dow Jones Industrial Average rose 408 points, or 0.86%, to 47,882; the S&P 500 gained 20 points, or 0.3%, to 6,849; and the Nasdaq Composite gained 40 points, or 0.17%, to 23,454.

The U.S. dollar index fell as much as 0.54% to 98.82, the euro rose 0.46% to $1.168, and the yen rose 0.55% to 155.01 per dollar. Bitcoin continued its upward trend, rising as much as 2.57% to a two-week high of $93,964.

Below: China claims that performances without attendees are fake! Ayumi Hamasaki's personal beautician retaliates in a post, revealing a heartbreaking moment.