Investment 25/2/2026

Influenced by the overnight decline in US stocks, the resumption of trading in mainland A-shares on Tuesday, and the return of northbound capital, the Hang Seng Index opened 168 points lower at 26,913, then fell as much as 601 points to a low of 26,480, closing down 491 points or 1.81% at 26,590. The Technology Index fell 114 points or 2.12% to 5,270. Main board turnover was HK$250.9 billion.

Although Hong Kong stocks fell sharply yesterday, the Hang Seng Index managed to hold above the 50-day moving average (26,457), with the 100-day moving average (26,322) expected to provide even stronger support. The current situation shouldn't be viewed too pessimistically. As long as the Hang Seng Index's short-term correction doesn't fall below the 100-day moving average, the outlook remains bullish. If it can fill the gap from the February 2nd decline at 27,100 to 27,384, there's a high chance it will challenge the January 29th high of 28,056.

European stocks traded mixed, with the UK and German equities down 0.04% and 0.02% respectively, while the French equities rebounded 0.26%.

Meta announced a massive collaboration agreement with Advanced Micro Devices (AMD), signing a large chip order. Meta stated it will deploy AMD data center equipment equivalent to 6 gigawatts of computing power to run its artificial intelligence (AI) models. This boosted market sentiment, and US stocks rallied on Tuesday. The Dow Jones Industrial Average opened 23 points higher and then extended its gains to as much as 491 points, reaching a high of 49,295. The S&P 500 rose as much as 0.9%, and the tech-heavy Nasdaq Composite also reversed course, rising as much as 1.19%.

At the close of trading, the Dow Jones Industrial Average rose 370 points, or 0.76%, to 49,174; the S&P 500 rose 52 points, or 0.77%, to 6,890; and the Nasdaq Composite rose 236 points, or 1.04%, to 22,863.

The US dollar index rose as much as 0.29% to 97.99, while the euro fell 0.16% to $1.1767. Sanae Takashi expressed concern about further interest rate hikes by the Bank of Japan, causing the yen to plunge 1.05% to 156.28 against the dollar. Bitcoin continued its decline, falling another 3.75% to $62,553. Iran stated its willingness to negotiate with the US to reach an agreement, causing spot gold prices to retreat as much as 2.57%, hitting a low of $5,093.59 per ounce.

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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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