Investment 8/6/2026

Hong Kong stocks continued to fall for three consecutive days following news of tightened cross-border investment restrictions in mainland China. The Hang Seng Index further breached the 25,000-point mark on Friday, hitting a more than two-month low, closing down 291 points or 1.15% at 24,961. The technology index fell 86 points or 1.74% to 4,888. Total market turnover was HK$342.8 billion.


The Hang Seng Index has cumulatively fallen 1,076 points or 4.13% over the three days, and has now lost a total of 1,431 points or 5.42% over four weeks; in the first week of June, it fell 220 points or 0.87%.


The Hang Seng Index has once again fallen below the 25,000-point mark. Based on the current trend, the market has a higher chance of hitting a new low for the month. Technical support has retreated to the May 28 low of 24,727 points, followed by the March 23 low of 24,024. If this level is breached, the market is expected to test the 22,000-23,000 range. According to technical analysis: 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.


As for European stock markets, the UK stock market closed up 0.07%, while the French and German stock markets fell 0.32% and 0.75% respectively.


U.S. nonfarm payrolls surged by 172,000 in May, far exceeding market expectations of 88,000. The strong employment data fueled expectations of an interest rate hike, and coupled with selling pressure on chip stocks, U.S. stocks experienced a sharp and volatile decline on Friday. The Dow Jones Industrial Average rose as much as 98 points, hitting a record high of 51,660, before falling as much as 780 points to 50,781. The S&P 500 fell as much as 2.84%, and the Nasdaq Composite plunged as much as 4.41%.


At the close, the Dow Jones Industrial Average fell 695 points, or 1.35%, to 50,866; the S&P 500 dropped 200 points, or 2.64%, to 7,383; and the Nasdaq Composite declined 1,121 points, or 4.18%, its biggest one-day drop since April last year, to 25,709.


For the week as a whole, the Dow Jones Industrial Average fell 0.3%, the S&P 500 retreated 2.6%, and the Nasdaq Composite plummeted 4.7%.


The US dollar index rose as much as 0.7% to 100.11; the yen fell 0.2%, hitting a low of 160.35 against the dollar. The Eurozone's first-quarter economy was revised to contract by 0.2% quarter-on-quarter, and the euro fell 0.82% to $1.1518. Cryptocurrencies continued their decline, with Bitcoin falling as much as 7.5% to $59,108.

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