Investment 3/3/2026

The renewed conflict in the Middle East put pressure on Hong Kong stocks at the start of March. The Hang Seng Index opened 324 points lower at 26,305, and the decline widened to 747 points at a moment, reaching a low of 25,882. It closed down 570 points, or 2.14%, at 26,059. The Technology Index fell 148 points, or 2.89%, to 4,989. Turnover on the main board was HK$357.6 billion.

With the Middle East situation expected to remain volatile this week, Hong Kong stocks fell below the 100-day moving average (26,320) yesterday morning. Whether they can return above this level in the next two days will be crucial for a reversal. I anticipate a rebound in Hong Kong stocks today. In fact, the Hang Seng Index has been forming a "head and shoulders" pattern since January. With the neckline at 26,250 breached, the first technical support level is at 25,100, the level from the end of last year. Based on measured declines, it may need to test 24,600. Soaring oil prices due to the conflict will push up inflation expectations, reducing the scope for interest rate cuts, which is particularly unfavorable for the future of technology stocks.

European stocks fell across the board, with British, French, and German stocks down 1.2%, 2.17%, and 2.42%, respectively.

The Middle East conflict put significant pressure on US stocks on Monday. The Dow Jones Industrial Average opened 183 points lower and then fell as much as 599 points, hitting a low of 48,377. It later rebounded by 86 points, reaching a high of 49,064. The S&P 500 fell as much as 1.19%, and the Nasdaq Composite dropped as much as 1.6%.

At the close of trading, the Dow Jones Industrial Average fell 73 points, or 0.14%, to 48,904; the S&P 500 rose slightly by 2 points, or 0.04%, to 6,881; and the Nasdaq Composite rose 80 points, or 0.36%, to 22,748.

The US dollar index was 98.50, up about 1% from the previous day; the euro was around 1.1698 against the dollar; and the dollar was around 157.34 against the yen. Bitcoin rebounded as much as 7.63% to $70,044. Safe-haven demand drove spot gold prices up by 2.68% to $5,419.32 per ounce.

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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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