Investment 24/2/2026

The US's reciprocal tariff policy was rejected, and the Hang Seng Index opened 385 points higher at 26,798, then extended its gains to 742 points, reaching a high of 27,156, before closing up 668 points or 2.53% at 27,081. The Technology Index rose 173 points or 3.33% to 5,385. Main board turnover was HK$172.9 billion.


The Hong Kong stock market is trending towards volatility. The Hang Seng Index's high of 27,382 on October 2nd last year is considered the initial resistance level, while the high of 28,056 on September 29th presents even stronger resistance. However, a correction is expected today, testing the first support level of the 100-day moving average (26,322). A breach of this level could lead to a further decline towards 25,150. Technically, the Hang Seng Index rose 13,262 points from its intraday low of 14,794 points on January 22, 2024, to 28,056 points on January 29 this year. If the Fibonacci retracement level is adjusted to 0.382, the Hang Seng Index could fall as low as 22,986 points.


European stock markets lacked clear direction, with UK, French, and German stocks falling 0.02%, 0.22%, and 1.06% respectively.


Following the US Supreme Court's ruling last Friday that President Trump's tariff policies were illegal, Trump invoked other regulations to impose a 15% temporary tariff. Renewed uncertainty surrounding US trade policy led to a sell-off in US stocks on Monday. The Dow Jones Industrial Average opened 89 points lower and then extended its losses to a maximum of 894 points, reaching a low of 48,731 points. The S&P 500 fell as much as 1.3%, and the Nasdaq Composite dropped as much as 1.45%.


U.S. stocks closed with the Dow Jones Industrial Average down 821 points, or 1.68%, to 48,804; the S&P 500 down 71 points, or 1.04%, to 6,837; and the Nasdaq Composite down 258 points, or 1.13%, to 22,627.


The U.S. dollar index initially fell 0.45% before fluctuating downwards; the euro rose 0.46% to $1.1837; and the yen gained 0.68% to 154 against the dollar. Bitcoin plunged as much as 5.6%, hitting a low of $63,984. Safe-haven demand drove spot gold prices up 2.62%, reaching a high of $5,237.85 per ounce. Gold prices still have room to rise, with forecasts predicting a target of $6,200 per ounce in the coming months, as key factors supporting the strong gold price rally remain.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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