Investment 21/5/2026
The Hang Seng Index opened 88 points lower at 25,709, then fell as much as 242 points to 25,555, closing down 146 points or 0.56% at 25,651. The Tech Index rose 16 points or 0.33% to 4,873. Total market turnover was HK$262 billion.
The Hang Seng Index regained its 250-day moving average (25,613), suggesting the market may not be too weak. A rebound or retest of the 100-day moving average (26,153) is expected today. If it can rise above the April 21 high of 26,529, it could challenge the February 10 high of 27,397. However, if it falls below the April 13 low of 25,508, the next test will be the gap at 24,901 from early April.
European stocks performed well, with UK, French, and German stocks rising 0.99%, 1.7%, and 1.38% respectively.
U.S. Treasury yields and international oil prices retreated from their highs, propelling U.S. stocks higher on Wednesday. The Dow Jones Industrial Average opened 15 points lower but rebounded as much as 703 points to a high of 50,067; the S&P 500 rose as much as 1.12%, and the tech-heavy Nasdaq Composite surged 1.56%.
At the close, the Dow Jones Industrial Average jumped 645 points, or 1.28%, to 50,009; the S&P 500 rose 79 points, or 1.08%, to 7,432; and the Nasdaq Composite gained 399 points, or 1.54%, to 26,270.
The U.S. dollar index is currently hovering around 99.3–99.4. The dollar remains strong against the yen (above 158) but is relatively weak against the euro.
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