Investment 4/6/2026

Hong Kong stocks ended a three-day winning streak. The Hang Seng Index opened 85 points lower at 25,953 and quickly extended its losses, falling as much as 468 points to a low of 25,569 before closing down 405 points, or 1.55%, at 25,633. The Tech Index fell 142 points, or 2.74%, to 5,056. Turnover exceeded HK$322.9 billion.


The Hang Seng Index has once again fallen below the 250-day moving average (25,685), a key level separating bull and bear markets. This indicates that the market remains in a weak, volatile state, attempting to test lower levels. If the important support level of 25,356 is breached, the low of 24,024 on March 23 will likely become the next target for bears. Technically, the Hang Seng Index rose a total of 13,262 points from its intraday low of 14,794 points on January 22, 2024, to 28,056 points on January 29, 2026. If the Fibonacci retracement level is adjusted to 0.382, the Hang Seng Index would reach 22,986 points.


European stock markets retreated, with Deutsche Bank's share price plunging 3.7%, dragging down the German stock market by 1.31%, while UK and French stocks fell 0.4% and 0.71% respectively.


Amidst uncertainty surrounding Middle East developments, oil prices continued to climb. Furthermore, the Federal Reserve's Beige Book regional economic report indicated that the U.S. job market remained stable in recent weeks, but inflation continued to rise across most of the country due to the impact of the Middle East wars on energy prices. This news dragged down U.S. stocks, causing the Dow Jones Industrial Average to open 86 points lower on Wednesday and subsequently widen its losses, closing near its intraday low, down over 600 points. The S&P 500 also closed close near its intraday low. The Nasdaq Composite, dominated by technology stocks, fell as much as 1.2%.


At the close of trading, the Dow Jones Industrial Average fell 620 points, or 1.21%, to 50,687; the S&P 500 fell 56 points, or 0.74%, to 7,553; and the Nasdaq Composite declined 239 points, or 0.89%, to 26,853.


The US dollar index rose as much as 0.33% to 99.55; the yen fell as much as 0.11% to 160.1 per dollar; the pound sterling fell 0.39% to $1.3412. Bitcoin fell as much as 3.9% to $65,187.

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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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