Investment 9/6/2026
The Hang Seng Index opened 44 points higher at 23,541 and maintained its upward trend, rising as much as 814 points to 24,310. It closed the day up 702 points, or 2.99%, at 24,199. The Tech Index rose 223 points, or 4.97%, to 4,731. Total market turnover was HK$375.8 billion.
Yesterday, the Hang Seng Index surged by over 800 points, breaking through the 20-day moving average (23,770), but failed to hold above 24,200. Furthermore, July 9th is a key window for negotiations regarding the expiration of "reciprocal tariffs" exemptions between the US and China/multiple countries. Negative news or delays could trigger volatility. Investors should manage their positions carefully, pay attention to the overnight trading of US stocks and the flow of northbound capital, and avoid chasing highs. If US stocks fall or negative tariff news emerges, Hong Kong stocks may give back some of their gains, and the 20-day moving average of the Hang Seng Index will be tested again.
European stocks fell across the board, with British, French, and German stocks dropping 1.66%, 2.18%, and 2.23% respectively.
The situation in the Middle East deteriorated rapidly, with renewed military conflict erupting between the US and Iran. US President Trump stated that the ceasefire was over and threatened a blockade of the Strait of Hormuz targeting Iran. International oil prices surged. European and American stock markets responded on Wednesday, with the Dow Jones Industrial Average initially plunging 855 points, but the Nasdaq recovered after falling more than 1%.
The Dow Jones opened 166 points lower and then extended its losses to as much as 855 points, falling to 52,069. The S&P 500 fell as much as 1.09%, and the Nasdaq fell as much as 1.13%. The VIX volatility index, commonly known as the "fear index," surged as much as 17.23% to 18.91 before recovering its gains.
U.S. stocks closed lower. The Dow Jones Industrial Average fell 576 points, or 1.09%, to 52,348; the S&P 500 dropped 21 points, or 0.28%, to 7,482; and the Nasdaq Composite rose 51 points, or 0.2%, to 25,870.
The U.S. dollar index rose as much as 0.26% to 101.28 before softening; the yen fell 0.37% to 162.71 against the dollar; the euro also fell 0.19% to $1.1391 before stabilizing. Bitcoin fell as much as 3.64% to $61,492. Concerns about interest rate hikes caused spot gold prices to fall as much as 2.03%, hitting a low of $4,022.22 per ounce.
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