Investment 15/6/2026
The Hang Seng Index opened 252 points higher at 24,501, and then extended its gains to as much as 522 points, reaching a high of 24,771. It closed the day up 468 points, or 1.93%, at 24,718. The Tech Index rose 49 points, or 1.06%, to 4,705. Total market turnover was HK$316.4 billion.
For the week, the Hang Seng Index fell 243 points, or 0.98%, marking its fifth consecutive week of decline, a drop of 1,675 points, or 6.34%.
The Hang Seng Index found support at 24,200, and Hong Kong stocks rebounded on Friday, ending a seven-day losing streak. In fact, if the Hang Seng Index had rebounded from its drop of 26,844 to 23,999, a Fibonacci 0.382 retracement of 2,845 points would have reached 25,085. However, Hong Kong stocks are facing a number of negative news, such as the earlier regulatory turmoil surrounding cross-border securities firms and the regulatory interviews with tech companies. Therefore, the Hang Seng Index is expected to experience significant volatility after its rebound.
European stock markets rose across the board, with British, French, and German stocks climbing 1.63%, 1.83%, and 1.76% respectively.
Reports indicate that the US and Iran are close to reaching a peace agreement, which may be signed around the time of the G7 summit. US stocks performed well on Friday, while international oil prices fell sharply. Following a surge of over 900 points on Thursday, the Dow Jones Industrial Average opened 299 points higher on Friday and extended its gains to a maximum of 560 points, reaching a high of 51,409 points. The S&P 500 initially retreated 0.42% before rebounding to a 0.84% gain; the Nasdaq Composite Index fell as much as 0.81% before turning positive to a 0.78% gain.
U.S. stocks closed higher. The Dow Jones Industrial Average rose 353 points, or 0.68%, to 51,202; the S&P 500 gained 37 points, or 0.5%, to 7,431; and the Nasdaq Composite rebounded 79 points, or 0.31%, to 25,888.
The U.S. dollar index fell as much as 0.22% to 99.635, and the Japanese yen retreated 0.28% to 160.38 against the U.S. dollar. Bitcoin fell as much as 0.9% to $62,769 before stabilizing. A key short-term support level for Bitcoin is $60,187.
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