Investment 20/3/2026

The Hang Seng Index opened 474 points lower at 25,550, dragged down by declining overseas stock markets and escalating tensions in the Middle East. It then fell as much as 576 points to a low of 25,449, closing down 524 points or 2.01% at 25,500. The technology index fell 112 points or 2.19% to 4,996. Main board turnover was HK$306.2 billion.

Strong oil prices pose a new challenge to inflation and the direction of interest rates by central banks worldwide. Hong Kong stocks will continue to be dragged down by external factors in the short term. It is believed that there will be resistance at 26,000, and the index may even face a test at 25,381, or find stronger support at 25,000.

European stock markets were sold off across the board, with the UK, French, and German stock markets falling 2.35%, 2.03%, and 2.82% respectively.

U.S. stocks were further pressured in early trading Thursday as rising energy prices dampened traders' expectations of a Federal Reserve rate cut this year. The Dow Jones Industrial Average opened 90 points lower and then extended its losses to as much as 491 points, hitting a low of 45,733. News of U.S. approval of some Russian oil reserves caused oil prices to fall from their highs, briefly pushing the Dow back up by 22 points. The S&P 500 fell as much as 1.01%, while the tech-heavy Nasdaq Composite dropped as much as 1.36%.

At the close, the Dow Jones Industrial Average was at 46,021, down 203 points or 0.44%; the S&P 500 fell 18 points or 0.27% to 6,606; and the Nasdaq Composite dropped 61 points or 0.28% to 22,090.

The U.S. dollar index fell as much as 1.11% to 98.98, the euro surged 1.46% to $1.1619, and the yen rose 1.48% to 157.51 against the dollar. Bitcoin fell below $70,000, dropping as much as 3.9% to $68,805. Precious metals were sold off, with spot gold prices falling for the seventh consecutive day, plunging as much as 6.55% to a low of $4,502.8 per ounce.

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Investment 24/4/2026

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