Investment 22/4/2026
The Hang Seng Index opened 81 points higher at 26,442, then fluctuated, rising as high as 168 points to 26,529 and falling as low as 19 points to 26,342, closing up 126 points or 0.48% at 26,487. The Technology Index fell 4 points or 0.08% to 5,061. Total market turnover was HK$205.1 billion.
Global investment markets are heavily influenced by the US-Iran conflict. When news of setbacks in negotiations emerges, stock markets tend to correct. However, recent corrections in Hong Kong stocks have not been significant, and yesterday's rebound may reflect market expectations that the conflict can be resolved. Nevertheless, the rebound in oil prices last night, a direct indicator of the Middle East conflict, to over US$100 per barrel, will likely cause Hong Kong stocks to fall today, testing the key support level of the Hang Seng Index's 150-day moving average (26,101), and potentially testing the 25,500 level in the future.
European stocks fell across the board, with British, French, and German stocks declining by 1.05%, 1.14%, and 0.6%, respectively.
Latest US corporate earnings reports were generally positive, but international oil prices were impacted by news that Iran would not attend the second round of US-Iran talks.
US stocks initially rose on Tuesday, reaching the psychological level of $100 per barrel, before retreating. The Dow Jones Industrial Average rose more than 400 points before wiping out its gains, and the Nasdaq, dominated by technology stocks, hit a record high before falling. The Dow opened 224 points higher, surging as much as 406 points to a high of 49,848, before retreating as much as 393 points to a low of 49,046; the S&P 500 fell as much as 0.83%; and the Nasdaq rose 0.55% to 24,537 before also turning around and falling as much as 0.84%. After the US market closed, Trump announced an extension of the ceasefire.
U.S. stocks closed lower. The Dow Jones Industrial Average fell 293 points, or 0.59%, to 49,149; the S&P 500 declined 45 points, or 0.63%, to 7,064; and the Nasdaq Composite dropped 144 points, or 0.59%, to 24,259.
The U.S. dollar index rose as much as 0.48% to 98.57, while the euro fell 0.59% to $1.172, and the yen also declined 0.52% to 159.65 against the dollar. Bitcoin retreated 2.6% to $74,852.
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