Investment 18/6/2026

The Hang Seng Index opened 1 point higher at 24,495, rising as much as 66 points to 24,560 before turning downwards, dropping as much as 239 points to 24,254. It closed down 181 points, or 0.74%, at 24,312. The Technology Index rose 10 points, or 0.22%, to 4,669. Total market turnover was HK$270.4 billion.

The latest economic data from mainland China is not ideal, and the Hang Seng Index bull warrants remain heavily weighted, which may hinder the market's upward movement. Investors are advised to hold onto profits and protect their gains. If the Hang Seng Index records a lower level than yesterday's low of 24,254 today, the market situation is unlikely to improve, and there is a high probability of testing 22,986.

European stock markets showed mixed performance, with UK and German stocks rising 0.14% and 0.1% respectively, while French stocks fell 0.2%.

Following the US-Iran interim agreement reached earlier this week to end the Middle East conflict, which led to a sharp drop in international oil prices and helped alleviate inflationary pressures, the Federal Reserve announced at 2:00 AM Hong Kong time on Thursday that it would maintain the target range for the federal funds rate at 3.5% to 3.75%, marking the fourth consecutive meeting without change, in line with market expectations. This was the first policy meeting chaired by Fed Chairman Kevin Warsh since taking office. Prior to the announcement, US stocks traded mixed in early trading on Wednesday. The Dow Jones Industrial Average opened 62 points lower, then rebounded as much as 281 points, reaching a high of 52,281 points, setting a new record. After the Fed's decision, it briefly fell 607 points, reaching a low of 51,392 points. The S&P 500 fell as much as 1.45%, and the Nasdaq, dominated by technology stocks, also fluctuated, falling as much as 1.58%.

At the close of trading in the U.S., the Dow Jones Industrial Average fell 507 points, or 0.98%, to 51,492; the S&P 500 retreated 91 points, or 1.21%, to 7,420; and the Nasdaq Composite slipped 354 points, or 1.34%, to 26,021.

The U.S. dollar index rose as much as 1.03% to 100.57, the euro fell 1.14% to $1.1478, and the yen declined 0.22% to 160.8 against the dollar. Bitcoin fell as much as 3.5% to $64,021.