Investment 3/2/2026

Hong Kong stocks opened lower in February, with the Hang Seng Index opening 289 points lower at 27,097 and continuing its decline. It fell as much as 879 points in the afternoon, reaching a low of 26,507, before recovering slightly towards the close. The index closed down 611 points, or 2.23%, at 26,775. The Technology Index fell 191 points, or 3.35%, to 5,526. Turnover on the main board was HK$347.8 billion.


Although the Hang Seng Index failed to hold above the 20-day moving average (26,832) yesterday, it is expected to return to that level today, testing the resistance of the upward gap (27,188 to 27,258) from last Wednesday. Holding above this level would suggest a bullish outlook.


Following Friday's epic sell-off, with spot gold and silver prices plunging by as much as 10% and 16% respectively on Monday, the precious metals market saw its losses narrow significantly during the US stock market session. Coupled with much stronger-than-expected US manufacturing data, US stocks initially fell before stabilizing. The Dow Jones Industrial Average opened 114 points lower but rebounded as much as 592 points to a high of 49,484, while the S&P 500 rose as much as 0.76%, and the tech-heavy Nasdaq Composite also briefly surged 0.96%.


At the close of trading, the Dow Jones Industrial Average rose 515 points, or 1%, to 49,407; the S&P 500 gained 37 points, or 0.54%, to 6,976; and the Nasdaq Composite climbed 130 points, or 0.56%, to 23,592.


The US dollar index rose as much as 0.76% to 97.73, the euro fell 0.63% to $1.1776, and the yen dropped 0.65% to 155.79 per dollar. Bitcoin fell as low as $74,540 before stabilizing, then rebounded 6.1% to $79,207; overall, short-term sentiment for cryptocurrencies remains pessimistic, with Bitcoin expected to fall to a low of $70,000 to $74,000.

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Investment 24/4/2026

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Investment 27/4/2026

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