Investment 1/6/2026

Hong Kong stocks rebounded on the last trading day of May. The Hang Seng Index opened 155 points higher at 25,161, rising as much as 307 points to 25,313, before closing up 176 points or 0.7% at 25,182. The Hang Seng Tech Index fell 4 points or 0.08% to 4,884. Turnover totaled HK$462 billion.


Due to the MSCI index portfolio changes taking effect, Hong Kong stock turnover surged 30% day-on-day to HK$462 billion, the strongest increase since October 13th last year. Northbound capital saw a net inflow of nearly HK$1.9 billion, marking two consecutive days of inflows totaling nearly HK$9.5 billion, although outflows for the month exceeded HK$3.5 billion. For the month as a whole, the Hang Seng Index fell 594 points or 2.3%, fulfilling the "May slump" prediction; however, the Hang Seng Tech Index rose for the second consecutive month, gaining a slight 12 points or 0.26% in May.


The market in May was dominated by a high-then-low pattern. Even if the Hang Seng Index manages to slightly surpass 25,000 points, it remains below various moving averages, indicating the market is still in a weak, oscillating state, attempting to test lower levels. Unless it can reclaim the important level of 25,356 today, the March 23 low of 24,024 will be the next target for bears, potentially testing the 22,000-23,000 point range. If the Hang Seng Index rebounds in the short term, there is already resistance at 25,500 points.


European stock markets were mixed, with the UK and French markets closing down 0.16% and 0.07% respectively, while the German market rose 0.05%.


U.S. stocks rallied on Friday, with all three major indices hitting record closing highs, as markets continued to anticipate an end to the war between the U.S. and Iran. The Dow Jones Industrial Average opened 104 points higher and then extended its gains to as much as 425 points, reaching a high of 51,094. The S&P 500 rose as much as 0.47% to 7,599, while the tech-heavy Nasdaq Composite climbed as much as 0.66% to 27,094. New York crude oil futures fell 1.73% to settle at $87.36 a barrel, and Brent crude fell 1.77% to settle at $92.05.


At the close, the Dow Jones Industrial Average rose 363 points, or 0.72%, to 51,032; the S&P 500 gained 16 points, or 0.22%, to 7,580; and the Nasdaq Composite gained 55 points, or 0.2%, to 26,972.


Last week, the Dow Jones Industrial Average rose 0.9%, the S&P 500 climbed 1.4% for the ninth consecutive week, and the Nasdaq Composite gained 2.4%. In May, the Dow rebounded 2.7%, the S&P 500 rose 5.3%, and the Nasdaq surged 8.3%.


The US dollar index briefly fell 0.27% to 98.75, while the euro rose 0.32% to $1.1689. The yen fell 0.09% to 159.38 against the dollar. Bitcoin fell as much as 2.4% to $72,781 before recovering. Spot gold prices rose more than 2%, reaching a high of $4,594.98 per ounce, a gain of up to 2.21%.

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Investment 29/4/2026

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The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
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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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