Investment 8/5/2026

Hoping for a potential ceasefire between the US and Iran, the Hang Seng Index opened 317 points higher at 26,531 and maintained its upward trend, rising as much as 455 points to a high of 26,669, closing up 412 points or 1.57% at 26,626. The Technology Index rose 151 points or 3.05% to 5,121. Total market turnover was HK$312.4 billion.


With declining bond yields and stabilizing gold prices, market appetite for risk assets increased, driving Hong Kong stocks to follow the global upward trend. Hong Kong stocks have the potential to "catch up." If the Hang Seng Index can hold above 26,300, it could challenge the 27,500 level again. The market's future direction will depend on whether there is any breakthrough in the meeting between the Chinese and US leaders.


Last week, Cheung Kong Group passed the sale of UK distribution company UK Power Networks with the support of nearly 100% of its independent shareholders. Less than ten days later, its subsidiary CK Hutchison Holdings (001) announced the sale of all its shares in VodafoneThree, receiving nearly HK$45.5 billion in cash. Overseas markets continue to generate value, with its share price closing at $70.1 on Wednesday, a six-year high.


European stocks retreated, with British, French, and German stocks falling 1.55%, 1.17%, and 1.02% respectively.


Markets are watching developments in the Middle East, and US stocks, after a sharp rise, retreated on Thursday. The Dow Jones Industrial Average, after surging more than 600 points on Wednesday, continued its strong performance on Thursday, opening 91 points higher and rising as much as 219 points to a high of 50,130, but quickly reversed course, falling as much as 422 points to a low of 49,487. The S&P 500 and Nasdaq Composite both broke through intraday highs, with the S&P 500 rising as much as 0.27% to 7,385 and the Nasdaq Composite briefly breaking through the 26,000 mark to a high of 26,036, a gain of 0.76%, before both subsequently falling.


U.S. stocks closed lower. The Dow Jones Industrial Average fell 313 points, or 0.63%, to 49,596; the S&P 500 dropped 28 points, or 0.38%, to 7,337; and the Nasdaq Composite declined 32 points, or 0.13%, to 25,806.


The U.S. dollar index initially fell 0.21% to 97.815 before recovering. The euro rose as much as 0.27% to $1.1781 before weakening. The yen fell as much as 0.31% to 156.88 against the dollar. Bitcoin fell as much as 2.65% to $79,522.

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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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