Investment 8/4/2026

On the eve of the long holiday, the Hang Seng Index opened 39 points lower at 25,254 and continued its downward trend, falling as much as 392 points to 24,901 in the afternoon before narrowing its losses to close down 177 points or 0.7% at 25,116. The Tech Index fell 77 points or 1.62% to 4,679. Total market turnover was HK$243.6 billion. The Hang Seng Index rose 164 points or 0.65% last week.


The Hang Seng Index had been trading sideways between 25,000 and 27,500 points for six months. It held above the 25,000-point level for the first three weeks of this month, but initially broke below it last week. If it fails to close above 25,000 points this week, the sideways trading pattern will be confirmed broken. The Hang Seng Index is repeatedly testing its bottom along a downward channel. The 250-day moving average (25,141) has been breached, with strong support currently around 24,000 points. The next support level is the neckline of the previous large double bottom at 22,740 points. For the market to break free from its weak bottom-testing pattern, the primary condition is to regain and hold above the 250-day moving average; however, to reach the 20-day moving average (25,485), oil prices must cease rising.


European stock markets were weak, with the UK, French, and German stock markets closing down 0.84%, 0.67%, and 1.06% respectively.


On the eve of the ceasefire deadline set by US President Trump for Iran, reports of attacks on Iran's oil hub Kharg Island and other infrastructure have raised market concerns about further escalation of the conflict. U.S. stocks fluctuated on Tuesday. After opening 74 points higher, the Dow Jones Industrial Average fell as much as 455 points, reaching a low of 46,214. The S&P 500 dropped as much as 1.17%, and the tech-heavy Nasdaq Composite Index fell as much as 1.75%. Pakistan's proposal that Trump postpone his ultimatum against Iran by two weeks, while requesting Iran to open the Strait of Hormuz for two weeks as a goodwill gesture, raised investor hopes for Pakistani mediation, helping U.S. stocks recover some losses.


At the close, the Dow Jones Industrial Average fell 85 points, or 0.18%, to 46,584; the S&P 500 rose 5 points, or 0.08%, to 6,616; and the Nasdaq Composite Index rose 21 points, or 0.1%, to 22,017.


The US dollar index fell as much as 0.36% to 99.62; the yen fell as much as 0.23% to 160.04 per dollar before stabilizing; the euro rose 0.52% to $1.1602. Bitcoin slipped as much as 3.02% to $67,724. Spot gold prices fluctuated, falling as much as 0.93% to a low of $4,607.48 per ounce before rebounding as much as 1.21% to $4,706.89.

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Investment 29/4/2026

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Investment 24/4/2026

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Investment 27/4/2026

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