Investment 31/3/2026

Hong Kong stocks weakened on the futures settlement day as the conflict in the Middle East continued. The Hang Seng Index opened 419 points lower at 24,532, and the decline widened to 542 points at one point, reaching a low of 24,409. However, buying interest emerged later, narrowing the intraday decline to 201 points or 0.8%, closing at 24,750. The technology index fell 87 points or 1.84% to 4,690. Total market turnover was HK$285.4 billion.

High oil prices triggered inflation concerns, and the US dollar index climbed back above the 100 mark, putting pressure on emerging markets and leading to a cautious overall investment atmosphere. Furthermore, due to the long holiday this week, market sentiment has further weakened, and the Hang Seng Index is expected to continue its downward trend in the short term. Technically, the first support level for the Hang Seng Index is 24,360 points; a breach of this level could lead to a further test of 23,658 points. If the US Federal Reserve fails to resume interest rate cuts in the second half of the year, Hong Kong stocks could fall to the 21,500-22,500 point level. Currently, the Hang Seng Index must recover and hold above the 10-day moving average (25,201) to reverse its downward trend.

Asia-Pacific stock markets followed the decline in European and American stock markets last Friday. Japan's Topix index plunged 2.94%, and South Korea's KOSPI index also fell 2.97%.

European stock markets performed well across the board, with the UK, French, and German stock markets rising 1.61%, 0.92%, and 1.18%, respectively.

US President Trump claimed that negotiations with Iran had made significant progress, but also warned that if the Strait of Hormuz is not reopened, the US might attack Iran's energy infrastructure. The comments temporarily eased market tensions, and U.S. stocks traded mixed on Monday. The Dow Jones Industrial Average opened 116 points higher and then extended its gains to as much as 459 points, reaching a high of 45,625, before erasing all gains and falling as much as 109 points. The S&P 500 rose as much as 0.92% before dipping as much as 0.82%. The Nasdaq Composite rose 0.91% before falling as much as 1.23%.

At the close, the Dow Jones Industrial Average rose 49 points, or 0.1%, to 45,219; the S&P 500 fell 25 points, or 0.39%, to 6,343; and the Nasdaq Composite fell 153 points, or 0.73%, to 20,794.

The U.S. dollar index rose as much as 0.46% to 100.61, the yen rose 0.61% to 159.33 against the dollar, while the euro fell 0.56% to $1.1444. Bitcoin fell as much as 4.6% to $64,971; spot gold rose as much as 1.93% to a high of $4,580.64 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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