Investment 9/3/2026

The Hang Seng Index opened 37 points higher at 25,358, then briefly fell 53 points to 25,267 before recovering and extending its gains, rising as much as 485 points to 25,806. It closed the day up 435 points, or 1.72%, at 25,757. The Technology Index rose 151 points, or 3.15%, to 4,947. Main board turnover was HK$292.7 billion.

Hong Kong stocks rebounded on Friday (6th) supported by active buying in large-cap technology stocks. Looking at sector performance, funds have recently flowed significantly into stocks less affected by the Middle East situation, including technology stocks; the energy market is also a focus, with oil stocks warranting attention.

Previously, the Hang Seng Index (HSI) traded sideways between 25,000 and 27,500 points for nearly six months. On January 29th, it briefly broke through the top of this sideways range, reaching a high of 28,056 points. Subsequently, it fluctuated downwards, falling to a low of 24,958 points on March 4th, a drop of 3,098 points. During this period, the HSI successively broke through the 50-day, 20-day, 100-day, and 10-day moving averages, even briefly dipping below the 250-day moving average (25,026), a key level for bull and bear markets. It then rebounded significantly, but now faces strong resistance at 26,000 points. It is difficult to determine whether this week's rebound can continue from last Friday's. Theoretically, the HSI has broken through the neckline of a "head and shoulders" pattern, and the measured decline could reach 24,600 points. The market is expected to follow a pattern of high followed by low in the first quarter of this year.

European stock markets declined across the board, with the UK, French, and German stock markets falling by 1.24%, 0.65%, and 0.94%, respectively. The latest U.S. employment data was disappointing, with non-farm payrolls unexpectedly falling by 92,000 in February, contrary to expectations of a 55,000 increase and lower than all economists' forecasts. Coupled with Brent crude oil futures breaking through $90 a barrel for the first time in nearly two years, U.S. stocks were significantly pressured on Friday, with the Dow Jones Industrial Average plunging more than 900 points at one point. The VIX volatility index, commonly known as the "fear index," surged as much as 21.6% to 28.88. After opening 320 points lower, the Dow Jones Industrial Average widened its losses to as much as 945 points, hitting a low of 47,009. The S&P 500 fell as much as 1.74%, and the tech-heavy Nasdaq Composite dropped as much as 1.85%.

At the close, the Dow Jones Industrial Average fell 453 points, or 0.95%, to 47,501; the S&P 500 fell 90 points, or 1.33%, to 6,740; and the Nasdaq Composite fell 361 points, or 1.59%, to 22,387.

The US dollar index fluctuated, falling as much as 0.48% to 98.84; the euro fell as much as 0.54% to $1.1546 before stabilizing; the yen retreated 0.32% to 158.09 per dollar. Spot gold rose 1.68% in late US trading to $5,166 per ounce. Bitcoin fell as much as 5.3% to $67,757.