Investment 26/2/2026

The Hang Seng Index opened 154 points higher at 26,745, rising as much as 279 points to 26,870, before closing up 175 points or 0.66% at 26,765. The Technology Index fell 10 points or 0.19% to 5,260. Main board turnover was HK$236.7 billion.


Hong Kong stocks rebounded as expected yesterday. If the Hang Seng Index can fill the gap from the February 2nd drop to 27,100 to 27,384, there is a high chance it will challenge the January 29th high of 28,056. Today is the futures settlement day, and the direction after settlement is unclear. Market focus is on US President Trump's State of the Union address, the Hong Kong Financial Secretary's budget address, and the potential for conflict in the Middle East. Unless it breaks through 28,056 points, the Hang Seng Index will likely continue to fluctuate between the upper Bollinger Band (27,600) and lower band (26,000), with strong support at the 100-day moving average (26,325).


European stocks performed well, with UK, French, and German stocks rising 1.18%, 0.47%, and 0.76% respectively.


US stocks continued their upward trend on Wednesday. The Dow Jones Industrial Average opened 183 points higher and then extended its gains to a maximum of 342 points, reaching a high of 49,517. The S&P 500 rose as much as 0.91%, and the Nasdaq Composite, dominated by technology stocks, surged as much as 1.34%.


At the close of trading in the US, the Dow Jones Industrial Average rose 307 points, or 0.62%, to 49,482; the S&P 500 rose 56 points, or 0.81%, to 6,946; and the Nasdaq Composite rose 288 points, or 1.26%, to 23,152.


The US dollar index fell as much as 0.22% to 97.62, the euro rose as much as 0.37% to $1.1817, and the yen fluctuated, falling 0.61% to 156.82 against the dollar. Bitcoin rebounded as much as 8.9%, reaching a high of $69,540. Amid continued tensions in the Middle East, spot gold prices rose 1.44% to $5,217.84 per ounce.

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