Investment 14/4/2026

The Hang Seng Index opened 184 points lower at 25,708, then extended its losses, falling as much as 385 points to 25,508 before narrowing its losses to close down 232 points or 0.89% at 25,660. The Tech Index fell 38 points or 0.78% to 4,822. Total market turnover was HK$207.9 billion.


The failure of the US-Iran negotiations to reach a consensus was expected, and Hong Kong stocks did not react significantly this time. Although the Hang Seng Index fell, the gap created last Wednesday (25,254 to 25,668) still provides support. A rebound is expected today, testing the 100-day moving average (26,103) resistance. If it stabilizes above this level, an upward trend is expected; however, key oil prices need to fall back to US$90-95.


European stock markets were weak, with UK, French, and German stocks falling 0.17%, 0.29%, and 0.26% respectively.


The US formal blockade of the Strait of Hormuz caused oil prices to surge again, and US stocks initially fell significantly on Monday. The Dow Jones Industrial Average opened 198 points lower and then extended its losses to as much as 410 points, hitting a low of 47,505. However, it gradually recovered from the lows and eventually rose more than 300 points. The S&P 500 fell as much as 0.39%, and the tech-heavy Nasdaq Composite fell as much as 0.47%. All three major indexes ultimately closed close to their intraday highs, with the S&P 500 recovering all losses since the Iran nuclear deal.


At the close of trading, the Dow Jones Industrial Average rose 302 points, or 0.63%, to 48,219; the S&P 500 rose 69 points, or 1.02%, to 6,886; and the Nasdaq Composite rebounded 280 points, or 1.23%, to 23,183.


The US dollar index rose as much as 0.54% to 99.183, before falling 0.26% to 98.39; the euro rose 0.3% to $1.1761; the yen fell as much as 0.37% to 159.86 against the dollar before stabilizing. Bitcoin briefly rose as much as 4.2% to $73,495. Spot gold prices fell as much as 2.41%, hitting a low of $4,633.57 per ounce.

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