Investment 10/6/2026

The Hang Seng Index opened 105 points lower at 24,551 and remained weak throughout the day, falling as much as 170 points to 24,486. It rebounded briefly in the afternoon, rising as much as 83 points to a high of 24,740, before closing at 24,565, down 91 points or 0.37%. The Technology Index rose 13 points or 0.29% to 4,769. Main board turnover was HK$308.9 billion.

Hong Kong stocks fell for the fifth consecutive day, accumulating a drop of 1,472 points or 5.65%. The investment climate deteriorated sharply. US stocks fell significantly on Friday night (5th), and Asian stock markets also declined significantly, driven by the fall in South Korean stocks affected by the political crisis. However, compared to these factors, Hong Kong stocks' performance yesterday was not too bad; however, unless the investment climate suddenly improves, Hong Kong stocks still have room for further decline in the short term. However, the failure to reach an agreement in the US-Iran ceasefire negotiations, coupled with market concerns that the US will raise interest rates before the end of the year, suggests that it will be difficult for the bulls to quickly regain control of the market. The Hang Seng Index is expected to test the first support level at 24,203 points, followed by the March 23 low of 24,024. A break below this level would likely see a test of the 22,000-23,000 range. Hong Kong stocks have been lagging behind US stocks for an extended period and are also weak, lacking positive news. Even if a rebound occurs from current levels, the previous support level of 24,727 points on May 28 has now become resistance.

European stock markets showed mixed performance, with UK and German stocks falling 1.41% and 0.74% respectively, while French stocks rose slightly by 0.05%.

Despite a sharp drop in oil prices, tech stocks were sold off again, causing significant volatility in U.S. stocks on Tuesday. The Dow Jones Industrial Average fluctuated by 1,049 points between its intraday high and low. After opening 28 points higher, the index rose as much as 474 points to a high of 51,260, but then fell as much as 574 points to a low of 50,211. The S&P 500 fell as much as 2.27%, and the Nasdaq Composite dropped as much as 3.66%. The three major indexes closed mixed, with market conditions stabilizing.

At the close, the Dow Jones Industrial Average rose 86 points, or 0.17%, to 50,872; the S&P 500 fell 19 points, or 0.26%, to 7,386; and the Nasdaq Composite fell 250 points, or 0.97%, to 25,678.

The US dollar index fell as much as 0.37% to 99.679 before fluctuating downwards; the euro rose 0.4% to $1.1581, while the yen fell 0.17% to $160.45 per dollar. Bitcoin fell as much as 4.8% to $60,756.