Investment 12/2/2026

The Hang Seng Index opened 63 points higher at 27,246, then briefly fell 49 points to a low of 27,133 before regaining its upward momentum, closing up 83 points or 0.3% at 27,266. The Tech Index rose 48 points or 0.89% to 5,499. Main board turnover was HK$217.2 billion.


Although Hong Kong stocks have risen for the third consecutive trading day, they have failed to fully close the gap from last Monday's (February 2nd) decline between 27,100 and 27,384. Therefore, 27,384 can be considered the end of this upward wave. Since 2026, the Hang Seng Index has been hovering around the upper Bollinger Band and the 20-day moving average (26,962). Even with increased volatility in February, it has remained within the Bollinger Bands. With a three-day Lunar New Year holiday next week, the Hong Kong stock market is expected to be subdued before the holiday, with investors unlikely to enter the market aggressively. The Hang Seng Index is expected to fluctuate between 26,200 and 27,700 points in February.


European stock markets lacked direction. The UK FTSE 100 closed up 1.14%, while the French and German CAC 40 fell 0.18% and 0.53%, respectively.


US stocks initially rose on Wednesday but then weakened. The Dow Jones Industrial Average opened 55 points higher and then extended its gains to as much as 310 points, reaching a high of 50,499 points, before falling as much as 286 points to a low of 49,901 points. The S&P 500 rose as much as 0.74%, while the tech-heavy Nasdaq Composite rose 0.94% before falling.


At the close, the Dow Jones Industrial Average fell 66 points, or 0.13%, to 50,121 points; the S&P 500 fell less than 1 point to 6,941 points; and the Nasdaq Composite fell 36 points, or 0.16%, to 23,066 points. The US dollar index rose as much as 0.49%, reaching a high of 97.272; the yen was at 152.8 against the dollar, rising 1.19% before its gains slowed; the euro fell 0.52%, reaching a low of $1.1833. Spot gold rose as much as 1.87%, reaching a high of $5,119.3 per ounce.

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