Investment 27/1/2026

The Hang Seng Index opened 94 points higher at 26,844, then fell as much as 129 points to a low of 26,619, before recovering to a high of 161 points at 26,911, closing up 16 points or 0.06% at 26,765. The Technology Index fell 72 points or 1.24% to 5,725. Main board turnover was HK$261.6 billion.


Hong Kong stocks were in a wait-and-see mode, with the index rising for the fourth consecutive trading day, accumulating a gain of 278 points. Strong support is expected at the 50-day moving average (26,086). With the futures settlement this week, the Hang Seng Index has a high chance of regaining the 27,000 mark. The first resistance level is currently at the October 2 high of 27,381. If the Hang Seng Index can break through this level, it not only indicates that the market will further seek new highs for the year, but also suggests the possible start of a new medium-term upward wave, with the first target at 29,617.


HSBC recommends increasing holdings of Hong Kong stocks, forecasting a 14% rise. Stock commentator Liu Yang predicts the Hang Seng Index will reach 35,000 points within two years. Recently, Hong Kong stocks have been driven more by individual stock picks than market trends, particularly those with thematic appeal, including robotics, artificial intelligence (AI), precious metals, and cloud computing. She suggests exploring related themes among newly listed stocks.


European stock markets fluctuated but remained stable, with the UK and German equities rising 0.05% and 0.13% respectively, while the French equities fell 0.15%.


Awaiting the US Federal Reserve's interest rate decision and earnings reports from several major tech companies later this week, US stocks performed well on Monday. The Dow Jones Industrial Average opened 38 points higher and then extended its gains to as much as 390 points, reaching a high of 49,488 points. The S&P 500 rose as much as 0.71%, and the tech-heavy Nasdaq Composite rose as much as 0.8%.


U.S. stocks closed with the Dow Jones Industrial Average up 313 points, or 0.64%, to 49,412; the S&P 500 up 34 points, or 0.5%, to 6,950; and the Nasdaq Composite up 100 points, or 0.43%, to 23,601.


The U.S. dollar was under pressure, with the dollar index falling as much as 0.8% to 96.81 on Monday. Market speculation of coordinated U.S. and Japanese intervention in the currency market led to a two-day surge in the yen, rising 1.54% to 153.31 against the dollar, while the euro also rose 0.59% to $1.1898. The dollar index may fall further, and a sell-on-dollar strategy remains recommended against the yen. Bitcoin surged as much as 2.79% to $88,682. Precious metals continued their strong performance, with spot gold breaking the $5,000 per ounce mark for the first time, surging as much as 2.57% to $5,111.11.

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Investment 24/4/2026

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