Investment 12/1/2026

The Hang Seng Index opened 123 points higher at 26,272, then traded within a narrow range, rising as much as 150 points to 26,299 and falling as much as 34 points to a low of 26,114. It closed the day up 82 points, or 0.31%, at 26,231. The Tech Index rose 8 points, or 0.15%, to 5,687. Main board turnover was HK$245.1 billion.


Last week, the Hang Seng Index fell 106 points, or 0.4%. The market pattern this month has so far been a low-then-high pattern, with a current range of 1,141 points. Hong Kong stocks are technically poised for a positive move into 2026. The Hang Seng Index (HSI) is currently above its 10-day, 20-day, 50-day, and 100-day moving averages. As long as this trend continues, a renewed buying interest could see the HSI test the October 2nd high of 27,381 points, breaking through the top of the consolidation range at 27,500, with a further target of 30,000 points. Conversely, a break below the bottom of the consolidation range at 25,000 points could lead to a test of the 22,600 level.


With mainland inflation data meeting expectations and the strength of A-shares, the Hong Kong stock market remains promising. BNP Paribas remains optimistic about global stock market performance this year, with a base target of 28,500 points for Hong Kong stocks, a most optimistic target of 30,000 points, and a pessimistic target of only 25,000 points.


European stock markets performed well, with French stocks rising 1.44%, British stocks rising 0.8%, and German stocks rising 0.53%. 


U.S. nonfarm payrolls grew by 50,000 in December from 56,000 in November, less than the expected 70,000; however, the unemployment rate fell 0.1 percentage point to 4.4%, lower than the estimated 4.5%. U.S. stocks rallied on Friday, with the Dow and S&P 500 both hitting record closing highs. The S&P 500 also broke its intraday high, rising as much as 0.82% to 6,978 points. The Dow opened 31 points lower but rebounded as much as 305 points to a high of 49,571 points; the tech-heavy Nasdaq rose as much as 1.03%.


At the close, the Dow Jones Industrial Average was up 237 points, or 0.48%, at 49,504; the S&P 500 rose 44 points, or 0.65%, to 6,966; and the Nasdaq Composite jumped 191 points, or 0.81%, to 23,671. Last week, the Dow Jones Industrial Average rose 2.3%, the S&P 500 rebounded 1.6%, and the Nasdaq Composite gained 1.9%.


The weakening US dollar is expected to stabilize, while the Australian dollar and gold are likely to continue their upward trend.

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Investment 24/4/2026

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