Investment 28/5/2026

The Hang Seng Index opened 9 points higher at 25,608, then fluctuated downwards, falling as much as 341 points to 25,258, before closing down 271 points or 1.05% at 25,328. The Technology Index fell 39 points or 0.79% to 4,907. Total market turnover was HK$320.7 billion.

Hong Kong stocks have fallen for two consecutive trading days, with the Hang Seng Index breaking below last Thursday's low of 25,342, a level considered crucial short- to medium-term support. Unless the Hang Seng Index can quickly return above the 250-day moving average (25,644), the outlook for Hong Kong stocks is not optimistic. Although a glimmer of hope for a US-Iran ceasefire agreement has led to a decline in oil prices, issues such as airstrikes in southern Iran and the mine issue in the Strait of Hormuz indicate that a complete cessation of hostilities remains difficult. The Hang Seng Index is expected to fluctuate narrowly between 25,258 and 26,144 in the short term.

European stocks traded mixed, with British and French stocks rising 0.13% and 0.43% respectively, while German stocks fell 0.03%.

With the prospect of a final showdown between the US and Iran looming, international oil prices fell sharply by over 5%, leading to a positive performance for US stocks on Wednesday. The Dow Jones Industrial Average hit a new intraday high, joining the S&P 500 and Nasdaq Composite in reaching record closing highs. The Dow opened 25 points higher and then extended its gains to as much as 368 points, reaching a high of 50,830. The S&P 500 rose 0.15% before briefly falling 0.26%, while the tech-heavy Nasdaq fluctuated, at one point giving back 0.44%.

At the close, the Dow Jones Industrial Average rose 182 points, or 0.35%, to 50,644; the S&P 500 edged up 1 point, or 0.02%, to 7,520; and the Nasdaq Composite turned positive, gaining 18 points, or 0.07%, to 26,674.

As of Tuesday, the S&P 500 was up nearly 10% year-to-date. Following Morgan Stanley and Deutsche Bank, Goldman Sachs also raised its year-end target for the S&P 500 from 7,600 to 8,000, representing an upside of approximately 7% from Tuesday's close and a full-year return of 17%.

The US dollar index initially fell 0.2% to 98.969 before stabilizing; the yen declined 0.19% to 159.59 against the dollar, while the euro rose 0.27% to $1.1663 before softening. Bitcoin fell as much as 1.96% to $74,571.

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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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