Investment 9/1/2026

The Hang Seng Index opened 156 points lower at 26,302 and continued its downward trend, falling as much as 498 points to 25,960. It closed down 309 points, or 1.17%, at 26,149. The Technology Index fell 60 points, or 1.04%, to 5,678. Main board turnover was HK$268.2 billion.


Profit-taking emerged after the Hang Seng Index rose above 26,000, dragging down the market. However, overall selling pressure was not too significant. The market remains optimistic about the prospects of different sectors this year, and this is currently just a technical adjustment. Furthermore, the market believes that fiscal and monetary policies will be introduced in mainland China to boost investment and consumption, which will help the market sentiment. Therefore, a deep correction is unlikely. The market will first test whether the 50-DMA (26,008) can hold. The next target is around 27,000. Investors may consider buying high-dividend telecommunications stocks and leading technology stocks during market downturns.


European stocks traded mixed, with the UK FTSE 100 down 0.04%, while French and German stocks rose 0.12% and 0.02% respectively.


US stocks traded mixed on Thursday, with major tech stocks generally weak. The Dow Jones Industrial Average opened 145 points lower and then fell as much as 203 points to a low of 48,792, before recovering to rise as much as 361 points to a high of 49,357. The S&P 500 fell as much as 0.31%, while the tech-heavy Nasdaq Composite dropped as much as 0.98%.


At the close, the Dow Jones Industrial Average rose 270 points, or 0.55%, to 49,266; the S&P 500 edged up 0.01% to 6,921; and the Nasdaq Composite fell 104 points, or 0.44%, to 23,480.


The US dollar index rose as much as 0.3% to 98.98, the euro fell 0.28% to $1.1643, and the yen also retreated 0.2% to 157.08 per dollar. Bitcoin fell as much as 1.9% to $89,359.

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Investment 24/4/2026

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