Investment! 11/2/2026

The Hang Seng Index opened 175 points higher at 27,202, then rose as much as 370 points to 27,397 before retreating to close up 155 points or 0.57% at 27,183. The Tech Index rose 33 points or 0.61% to 5,451. Main board turnover was HK$234 billion.


Yesterday's close saw the Hang Seng Index fail to fully close the gap from last Monday's (January 2nd) decline. Unless it breaks through the recent high of 28,056 points reached on January 29th, 27,384 can be considered the end of this upward wave. In the short term, it will continue to fluctuate around the 50-day moving average (26,334). With the Lunar New Year approaching next week, most funds, especially northbound capital, will likely reduce their positions before the holiday. Investors are advised to take profits before the Lunar New Year and reposition afterward.


European stocks showed mixed performance, with British and German stocks falling 0.31% and 0.11% respectively, while French stocks rose 0.06%.


U.S. stocks traded mixed on Tuesday. The Dow Jones Industrial Average opened 57 points higher and then extended its gains to as much as 376 points, reaching a record high of 50,512 points before fluctuating slightly to close at a new record high. The S&P 500 and Nasdaq Composite, however, fluctuated and closed near their intraday lows.


At the close, the Dow Jones Industrial Average was up 52 points, or 0.1%, at 50,188 points; the S&P 500 fell 23 points, or 0.33%, to 6,941 points; and the Nasdaq Composite retreated 136 points, or 0.59%, to 23,102 points.


U.S. retail sales data was weak, with December retail sales remaining unchanged month-on-month, worse than the expected 0.4% growth. The 10-year Treasury yield fell as much as 6.1 basis points to 4.133%, a near one-month low. The US dollar index fluctuated and weakened, currently trading at 96.76. Money market indicators suggest an increased chance of the Federal Reserve cutting interest rates three times this year.


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