Investment 26/6/2026

The Hang Seng Index opened 23 points lower at 23,388 and continued its decline, falling as much as 433 points to 22,978. It closed down 335 points, or 1.43%, at 23,076. The Technology Index fell 73 points, or 1.63%, to 4,405. Total market turnover was HK$325.7 billion.


Currently, "pair trading" is popular in the market, with funds buying into Taiwan and South Korea while selling Hong Kong stocks. This has caused the Hang Seng Index to test the 22,986 support level. After the decline to current levels, the risk-reward ratio for holding Hong Kong stocks has slightly improved. However, unless China implements large-scale stimulus measures, capital flows will continue to put pressure on Hong Kong stocks. Standard Chartered Bank lowered its 12-month base target for the Hang Seng Index to 26,000.


European stock markets rallied across the board, with British, French, and German stocks rising 0.65%, 0.55%, and 1.03%, respectively. South Korea's KOSPI index closed up 5.42%, while Japan's Nikkei index surged 4.61%.


US stocks traded mixed on Thursday. The Dow Jones Industrial Average opened 160 points higher and extended its gains to as much as 806 points, reaching a high of 52,655, but most of those gains were ultimately wiped out. The S&P 500 fell as much as 0.47%. The Nasdaq, dominated by technology stocks, rose 0.97% before reversing course and plunging as much as 1.39%, marking its fourth consecutive day of losses. This was mainly due to Apple's announcement of price increases for several products to offset soaring costs of memory and storage chips. Apple's stock closed down 6.1%, making it the worst-performing Dow component.


At the close, the Dow Jones Industrial Average rose slightly by 71 points, or 0.14%, to 51,920; the S&P 500 fell less than 1 point, or 0.01%, to 7,357; and the Nasdaq Composite dropped 118 points, or 0.46%, to 25,358.


The US dollar index fell as much as 0.3% to 101.31, while the euro rose 0.29% to $1.1391, and the yen fell as much as 0.11% to 161.95 per dollar. Bitcoin plunged as much as 4.64% to $58,055. Spot gold prices fluctuated, rising as much as 1.13% to a high of $4,044.31 per ounce.

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Investment 24/4/2026

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Investment 27/4/2026

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