Investment 13/3/2026

Hong Kong stocks fluctuated and trended lower. The Hang Seng Index opened 179 points lower at 25,719, then rose 33 points to 25,932 before encountering resistance and falling back, dropping as much as 377 points to a low of 25,521. The decline narrowed towards the close, ending the day down 182 points or 0.7% at 25,716. The Technology Index fell 27 points or 0.53% to 5,027. Main board turnover was HK$242.1 billion.


Hong Kong stocks are expected to fall further today. The 250-day moving average (25,062) of the Hang Seng Index is crucial; otherwise, based on the neckline of the "head and shoulders" pattern, the measured decline could reach 24,600 points. Technical Analysis: The Hang Seng Index rose a total of 13,262 points from its intraday low of 14,794 points on January 22, 2024, to 28,056 points on January 29, 2026. If the 0.382 Fibonacci retracement level is adjusted, the Hang Seng Index would reach 22,986 points.


However, although the Iranian military's desperate attempts to undermine oil transport through the Strait of Hormuz have hampered oil shipments, the "axis of evil" is unable to provide further support for disruptive actions, suggesting that oil prices are likely to recover.


European stock markets were weak, with UK, French, and German stocks falling 0.47%, 0.71%, and 0.21% respectively.


Attacks on oil tankers and cargo ships in the Persian Gulf have pushed Brent crude oil prices above $100 per barrel again. Iran has threatened to keep the Strait of Hormuz closed and open a new front if the war continues. U.S. stocks were under significant pressure on Thursday. The Dow Jones Industrial Average opened 174 points lower and then fell as much as 755 points, hitting a low of 46,662. The S&P 500 fell as much as 1.56%, and the tech-heavy Nasdaq Composite dropped as much as 1.87%. The VIX volatility index, commonly known as the "fear index," surged as much as 12.3% to 27.22.


At the close, the Dow Jones Industrial Average was down 739 points, or 1.56%, at 46,677; the S&P 500 fell 103 points, or 1.52%, to 6,672; and the Nasdaq Composite fell 404 points, or 1.78%, to 22,311.


The U.S. dollar index rose as much as 0.52% to 99.75, while the euro fell 0.49% to $1.1511, and the yen fell 0.31% to 159.44 per dollar. Bitcoin fell as much as 2.02% to $69,221. Spot gold prices fell as much as 1.86% to $5,079.92 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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