Investment 6/2/2026

The Hang Seng Index opened 219 points lower at 26,627, then plunged as much as 436 points to 26,410 before gradually recovering in the afternoon, closing up 37 points or 0.14% at 26,885. The Tech Index rose 39 points or 0.74% to 5,406. Main board turnover was HK$315.1 billion.


Yesterday, the Hang Seng Index closed just below its 20-day moving average (26,895), indicating that investors are waiting for a gradual pullback to around 25,000 to 26,000 points before considering short-term rebound strategies. However, if it breaks above the 10-day moving average (27,117), investors will likely remain on the sidelines. This suggests that market sentiment has cooled significantly since the Hang Seng Index reached a recent high of 28,056 on January 29th. The index is expected to hover between 26,000 and 27,000 in the short term, with relatively low risk. Without clear upward momentum, it's advisable to observe the situation and gradually build positions by placing small bets at better entry points. Only consumer and banking stocks are recommended for accumulation.


European stock markets declined across the board, with the UK, French, and German markets falling 0.9%, 0.29%, and 0.46% respectively.


A surge in corporate layoffs and a sharp drop in job openings, coupled with the continued decline in technology stocks, led to a sharp drop in US stocks on Thursday. The Dow Jones Industrial Average opened 188 points lower and then fell as much as 672 points, reaching a low of 48,829. The S&P 500 fell as much as 1.5%, and the Nasdaq Composite dropped as much as 1.94%.


At the close of trading, the Dow Jones Industrial Average was down 592 points, or 1.2%, at 48,908; the S&P 500 fell 84 points, or 1.23%, to 6,798; and the Nasdaq Composite fell 363 points, or 1.59%, to 22,540.


The US dollar index rose 0.31% to 97.92, while the yen gained 0.2% to 156.54 against the dollar. Expectations of a Bank of England rate cut in March intensified, causing the pound to fall as much as 1% to $1.3518. The European Central Bank kept interest rates unchanged, and the euro fluctuated, retreating 0.24% to $1.1781.


Bitcoin fell below $70,000, plunging to a daily low of $62,353 before stabilizing, a drop of 15.2%, its lowest level since November 2024. Profit-taking emerged in precious metals, with spot gold prices falling as much as 3.5% to $4,790.01 per ounce.

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Investment 29/4/2026

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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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