Investment 20/1/2026

US President Trump announced tariffs on eight European countries starting next month, forcing them to cooperate in combating the "axis of evil." The Hang Seng Index opened 203 points lower at 26,641, and the decline widened to 311 points at one point, reaching a low of 26,533, before closing down 281 points or 1.04% at 26,563. The Technology Index fell 72 points or 1.24% to 5,749. Main board turnover was HK$225.6 billion.


The Hang Seng Index currently faces significant resistance at 27,000 points. In the short term, the market may test the 20-day moving average (26,236) for support. Although there have been recent reports of targeted interest rate cuts in mainland China, the authorities' adjustment of margin trading ratios may constrain the upward momentum of A-shares. Hong Kong stocks are expected to consolidate this week, awaiting the next breakout opportunity.


New World Development (00017) shares surged by over 16%. Market speculation suggests New World may be undertaking an asset transaction. This surge may reflect investor speculation about the privatization of New World Development, or that the Cheng family might sell shares to a third party, claiming they are seeking a "win-win" deal.


Monday was Martin Luther King Jr. Day in the United States, and financial markets were closed. The US announced tariffs on several European countries that had deployed troops to Greenland, prompting the EU to consider retaliatory tariffs. The US-EU tariff war escalated, with Dow Jones futures falling more than 400 points. European stocks were sold across the board, with the pan-European Stoxx 600 index closing down 1.19% at 607 points. British, French, and German stocks closed down 0.39%, 1.78%, and 1.34%, respectively.


The US dollar was under pressure, with the dollar index falling as much as 0.37% to 99.02. The euro rose 0.55% to $1.165. The yen rose 0.44% to 157.43 against the dollar. The Swiss franc rose to a two-month high against the US dollar, which fell 0.75% to a low of 0.797 francs. Bitcoin fell as much as 3.63%, hitting a low of $91,926.


China's fertility rate is projected to decline from 6.39 births per 1,000 people in 2024 to 5.63 in 2025, marking the lowest level since the founding of the People's Republic of China in 1949. This also indicates that the national population has experienced negative growth for four consecutive years, demonstrating the ineffectiveness of a series of pro-natalist policies implemented by Beijing.

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Investment 29/4/2026

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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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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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