Investment 2/7/2026

Hong Kong stocks weakened on the last trading day of the first half of the year. The Hang Seng Index opened 18 points lower at 23,007, falling as much as 341 points to 22,685, before closing down 145 points or 0.63% at 22,881. The H-share Index fell 47 points or 0.61% to 7,558, while the Technology Index rose 79 points or 1.8% to 4,472. Total market turnover was HK$308 billion.


The Hang Seng Index fell 2,749 points or 10.7% in the first half of the year; in June alone, it fell 2,301 points or 9.1%.


A rebound in Hong Kong stocks is expected today. The Hang Seng Index is currently struggling around the 23,000 level, and the performance of Hong Kong stocks in the second half of the year is heavily dependent on the performance of US stocks. Currently, the Hang Seng Index's price-to-earnings ratio is around 12 to 13 times, only at a mid-range level, not yet high enough to trigger bargain hunting. Investors should not have high expectations for the Hang Seng Index in July.


European stocks were slightly weaker, with British and French stocks falling 0.18% and 0.79% respectively, while German stocks rose 0.18%.


As markets focused on a new round of peace talks between the US and Iran in Doha, the latest US employment data showed stable labor demand, leading to a positive performance for US stocks on Tuesday. At the close, the Dow Jones Industrial Average rose 134 points to 52,317, the S&P 500 gained 0.79%, and the Nasdaq Composite climbed 1.52%. For the second quarter, the Dow Jones rose 12.9%, the S&P 500 jumped 14.8%, and the Nasdaq Composite gained 21.4%. For the first half of the year, the Dow Jones Industrial Average rose more than 8%, marking its best first-half performance since 2021, while the S&P 500 also rebounded by more than 8%, and the Nasdaq Composite rose by more than 11%.


U.S. stocks opened lower on the first trading day of the second half of the year: the Dow Jones Industrial Average opened 88 points lower and then fell as much as 292 points to a low of 52,026, before rebounding as much as 423 points to a high of 52,742; the S&P 500 fell as much as 0.66%, and the tech-heavy Nasdaq Composite dropped 0.99%.


At the close, the Dow Jones Industrial Average was down 13 points, or 0.02%, at 52,305; the S&P 500 gave back 16 points, or 0.22%, to 7,483; and the Nasdaq Composite fell 173 points, or 0.66%, to 26,040.


The U.S. dollar index rose as much as 0.41% to 101.6. Eurozone inflation slowed to 2.8% in June, below expectations, and the euro fell 0.53% to $1.1362. The yen, after hitting a new 40-year low, rose as much as 0.17% to 162.3 against the dollar. Bitcoin rose as much as 4.7%, reaching a high of $60,447. Spot gold prices rose as much as 2.67%, reaching a high of $4,114.86 per ounce, before closing at $4,031.29, still up 0.59%.


Below: A Japanese research team discovered mosasaurus fossils dating back approximately 70 million years in a batch of fossils unearthed in Osaka over 30 years ago.

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Investment 24/4/2026

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Investment 27/4/2026

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