Investment 13/1/2026

The Hang Seng Index opened 145 points higher at 26,376, then briefly fell 44 points to 26,187 before regaining its upward momentum and closing at the day's high of 26,608, a gain of 376 points or 1.43%. The Technology Index rose 176 points or 3.09% to 5,863. Main board turnover was HK$306.2 billion.


Hong Kong stocks are currently consolidating above the 26,000-point level. Unless there is a deep correction in the mainland market, the 26,000-point level should hold. However, significant resistance is expected in the 26,800-27,000-point range. The market is expected to remain within a sideways trading range in the short term. The mainland stock market has performed quite strongly since the beginning of the year. If northbound capital continues to flow in, it is expected to provide stronger upward momentum for Hong Kong stocks.


European stock markets showed mixed performance, with UK and German stocks rising 0.16% and 0.57% respectively, while French stocks fell 0.04%.


The U.S. Department of Justice has subpoenaed the Federal Reserve, potentially leading to criminal charges against Chairman Powell regarding his congressional testimony on the Fed headquarters renovation project, raising concerns about the Fed's independence. Financial stocks plunged, with the Dow Jones Industrial Average opening slightly lower by 4 points before quickly widening its losses to a maximum of 492 points, reaching a low of 49,011. It later rebounded by 129 points to a high of 49,633, but closed up less than 100 points, hitting a new intraday record high along with the S&P 500. The S&P 500 fell as much as 0.46% before recovering to a maximum gain of 0.29% to 6,986. The Nasdaq Composite also rebounded after declining 0.46%.


At the close of trading in the U.S., the Dow Jones Industrial Average rebounded 86 points, or 0.17%, to 49,590; the S&P 500 rose 10 points, or 0.16%, to 6,977; and the Nasdaq Composite gained 62 points, or 0.26%, to 23,733.

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Investment 24/4/2026

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