Investment 5/5/2026

Hong Kong stocks got off to a good start in May. The Hang Seng Index opened 361 points higher at 26,138, and then rose as much as 549 points to a high of 26,326. The gains moderated in the afternoon, closing up 319 points or 1.23% at 26,095. The Technology Index rose 105 points or 2.16% to 4,976. Total market turnover was HK$176.9 billion.

Yesterday, Hong Kong stocks opened higher following the positive performance of overseas markets, breaking through the 150-day moving average (25,929) but failing to hold above 26,300. The situation in the Middle East remains unclear and could change at any time. It is estimated that the market will likely see a struggle between the low of 25,610 on April 28 and the high of 26,529 on April 21, awaiting a market breakout. The key short-term resistance level remains at 26,529, requiring significant positive news to break through. The support level is the 250-day moving average (25,452).

European stocks were weak, with French stocks falling 1.71% and German stocks dropping 1.24%. British stocks were closed for a bank holiday.

Renewed tensions in the Middle East triggered a sharp drop in US stocks on Monday. The Dow Jones Industrial Average opened 82 points lower and then extended its losses to a maximum of 586 points, hitting a low of 48,913. The S&P 500 fell as much as 0.77% from its record closing high, while the tech-heavy Nasdaq Composite initially rebounded 0.38% before falling as much as 0.8%.

At the close of trading, the Dow Jones Industrial Average fell 557 points, or 1.13%, to 48,941; the S&P 500 fell 29 points, or 0.41%, to 7,200; and the Nasdaq Composite retreated 46 points, or 0.19%, to 25,067.

The US dollar index rose as much as 0.39% to 98.54, while the euro fell 0.36% to $1.1681. The yen briefly surged 0.82% to 155.72 per dollar, but then reversed course. Bitcoin briefly broke through the $80,000 mark for the first time in over three months, rising as much as 3.2% to $80,742.

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Investment 24/4/2026

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