Investment 11/6/2026

The Hang Seng Index opened 123 points lower at 24,442 and continued its decline, falling as much as 358 points to 24,207. It closed down 157 points, or 0.64%, at 24,407. The Technology Index fell 44 points, or 0.94%, to 4,724. Total market turnover was HK$320.5 billion.


This marks the sixth consecutive trading day of decline for Hong Kong stocks. Yesterday, the index tested the March 23 low of 24,203. The next support level is the March 23 low of 24,024. If this level is breached, the index is expected to test the 22,000-23,000 range. The continued decline in Hong Kong stocks is mainly due to the valuation correction of US artificial intelligence (AI) related stocks, coupled with the escalation of tensions between the US and Iran following the downing of a US helicopter, making the reopening of the Strait of Hormuz uncertain.


In European stock markets, French and German stocks closed down 0.51% and 0.97% respectively, while British stocks rose 0.27%.


The US Consumer Price Index (CPI) rose 4.2% year-on-year in May, up from 3.8% in April, pushing overall inflation to a three-year high. Coupled with renewed tensions in the Middle East, US stocks plunged on Wednesday. The Dow Jones Industrial Average opened 111 points lower and then fell as much as 963 points, hitting a low of 49,909, breaching the psychologically important 50,000-point mark. The S&P 500 fell as much as 1.63%, and the tech-heavy Nasdaq Composite fell as much as 2.08%.


At the close, the Dow Jones Industrial Average fell 953 points, or 1.87%, to 49,918; the S&P 500 fell 119 points, or 1.62%, to 7,266; and the Nasdaq Composite fell 509 points, or 1.98%, to 25,169.


The US dollar index fell as much as 0.19% to 99.72 before rebounding and climbing back above 100; the euro rose as much as 0.29% to $1.1576 before softening; the yen fell 0.18% to 160.56 against the dollar. Bitcoin fell as much as 2.19% to $60,758. Spot gold fell below the $4,200 mark yesterday, having traded at $4,131 per ounce, a drop of about 3%, essentially erasing all of its gains in 2026.

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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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