Investment 26/1/2026

The Hang Seng Index opened 231 points higher at 26,861, rising as much as 265 points to 26,895 before retreating to close up 119 points or 0.44% at 26,749, marking its third consecutive day of gains. The Tech Index rose 35 points or 0.61% to 5,798. Main board turnover was HK$240.8 billion.


The Hang Seng Index traded sideways between 25,000 and 27,500 since September last year, falling near the bottom of the range in mid-November. It rebounded from its lows last month, but encountered resistance near the Bollinger Band top (27,115) the week before last. Last week saw a slight pullback, but the decline was not significant. If it can hold above the 50-day moving average (26,096), it still has a chance to test the resistance level of 27,381, the high of October 2nd last year, with a potential target of 30,000 points. Conversely, if it breaks below this level, the Hang Seng Index may have to retest the bottom of the range at 25,000. Market sentiment has improved somewhat recently, but the Hang Seng Index has repeatedly failed to break through the 27,000 level, reflecting continued selling pressure. Without a new catalyst, a short-term upward breakthrough is unlikely. The key to a breakout for Hong Kong stocks lies in the performance of A-shares and mainland policy factors. However, it is believed that there will be no new policy developments in the short term, and Hong Kong stocks are expected to mainly fluctuate within the aforementioned range.


European stock markets were weak, with British and French stocks both down 0.07%, while German stocks rose slightly by 0.18%.


After two consecutive days of rebound, US stocks diverged on Friday. The Dow Jones Industrial Average opened 119 points lower and then widened its losses to a maximum of 420 points, reaching a low of 48,963. The S&P 500 fell as much as 0.26%, while the Nasdaq Composite rose as much as 0.75%.


U.S. stocks closed with the Dow Jones Industrial Average down 285 points, or 0.58%, to 49,098; the S&P 500 rose slightly by 2 points, or 0.03%, to 6,915; and the Nasdaq Composite gained 65 points, or 0.28%, to 2,351.


The U.S. dollar index fell as much as 0.88% to 97.49, while the euro rose 0.66% to $1.1834. The yen fluctuated after the Bank of Japan's interest rate decision, briefly rising 1.76% to 155.63 against the dollar.


Bitcoin fell as much as 2.49% to $88,618. Bloomberg data showed that U.S.-listed Bitcoin ETFs saw $709 million in outflows on Wednesday, the largest in nearly two months.


Spot gold prices hit a new record high, rising as much as 1.08% to $4,989.75 per ounce on Friday, and gaining more than 7% for the week, poised for its strongest performance since March 2020. Goldman Sachs raised its gold price target to $5,400 per ounce by December 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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