Investment 13/2/2026

The Hang Seng Index opened 55 points lower at 27,210, then extended its losses, falling as much as 333 points to 26,932, before closing down 233 points or 0.85% at 27,032. The Technology Index fell 91 points or 1.65% to 5,408. Main board turnover was HK$238.7 billion.


After a previous rebound, Hong Kong stocks are now facing cautious sentiment due to the approaching Lunar New Year holiday, with northbound capital inflows slowing, dragging down market turnover. It is believed that the Hang Seng Index will test the 50-day moving average (26,383) support level before the holiday.


From next Monday (February 16), southbound and northbound trading under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect will be suspended until the 24th. During this period, trading in Hong Kong stocks is expected to shrink, with major players remaining inactive, allowing the market to fluctuate within a large sideways range. However, European and American stock markets traded as usual during the Lunar New Year holiday. If the market breaks down, mainland and Hong Kong stock markets will be dragged down when they resume trading after the holiday. Therefore, investors should pay close attention to changes in external market conditions during the holiday, as the Hong Kong stock market is currently in a state of flux.


European stock markets showed mixed performance, with British and German stocks falling 0.67% and 0.01% respectively, while French stocks rose 0.33%.


Hopes that the release of slower-than-expected US inflation data would increase the probability of future interest rate cuts by the Federal Reserve initially boosted US stocks on Thursday. The Dow Jones Industrial Average opened 48 points higher and then extended its gains to as much as 325 points. However, predictions from major tech stocks such as Apple, IBM, and Cisco that their profit margins this quarter would be eroded by rising memory chip prices triggered a sell-off, causing the Dow Jones to fall as much as 701 points to a low of 49,420 points in late trading; the S&P 500 fell as much as 1.69%, and the Nasdaq fell as much as 2.25%.


U.S. stocks closed lower across the board. The Dow Jones Industrial Average fell 669 points, or 1.34%, to 49,451; the S&P 500 dropped 108 points, or 1.57%, to 6,832; and the Nasdaq Composite declined 469 points, or 2.03%, to 22,597.


The U.S. dollar index rose as much as 0.25% to 97.074 before settling down. The euro fell 0.19% to $1.1852 before weakening. The yen rose as much as 0.65% to $152.27. Bitcoin fell as much as 4.75% to $65,092. Spot gold prices fell as much as 4.06%, hitting a low of $4,878.24 per ounce.

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Investment 24/4/2026

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