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Hong Kong stocks fluctuated on the last trading day of the Year of the Dragon. The Hang Seng Index opened 139 points higher at 20,337 points, then fell 32 points to 20,165 points, and closed up 27 points or 0.13% at 20,225 points; the Technology Index rose 36 points or 0.77% to 4,723 points. The main board traded HK$51.6 billion in the half-day session.

The Hang Seng Index rose 4,478 points or 28.4% in the Year of the Dragon, making it the best performing year of the Dragon in history in terms of points. In the first month of 2025, the Hang Seng Index rose by 165 points or 0.82%.

The Hang Seng Index is expected to hold steady at 20,200 points after the Spring Festival holiday today, and then challenge the resistance zone of 21,000 to 21,300 points. If there is a short-term pullback, the 10-DMA (19,839) is expected to provide initial support. The overall sentiment of the Hong Kong stock market is expected to remain sluggish. Investors should pay attention to whether the Hang Seng Index can hold the 10-DMA support level. If it fails, they may consider leaving the market.

In European stock markets, UK, French and German stocks rose 0.31%, 0.11% and 0.02% respectively.

The good performance of technology stocks brought support to the US stock market. The Dow Jones Industrial Average opened 172 points higher on Friday at 45,054 points, approaching the record high of 45,073 points in early December last year; the S&P 500 rose 0.82%, and the Nasdaq, which is dominated by technology stocks, rose the most. 1.46%. However, U.S. President Trump will push forward plans to impose tariffs on goods from Canada, Mexico and China starting Saturday, and the news dragged down the three major U.S. stock indexes.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 337 points, or 0.75%, to 44,544 points; the S&P 500 fell 30 points, or 0.5%, to 6,040 points; and the Nasdaq fell 54 points, or 0.28%, to 19,627 points.

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Hong Kong stocks are traded on the futures settlement date. The Hang Seng Index opened 51 points higher at 20,118 points and continued to rise, rising 230 points to 20,296 points. It rose 131 points or 0.65% for the day to 20,197 points; the Technology Index rose 29 points or 0.63% to 4,687 points. The Main Board's turnover was HK$147.3 billion.

The Sino-US trade tariffs are not as strong as previously expected. In addition, the mainland is actively promoting the entry of medium- and long-term funds into the market. The current investment atmosphere of Hong Kong stocks is good. If Sino-US relations continue to improve, the Hang Seng Index will likely challenge the 21,000 mark after the Lunar New Year. In an optimistic scenario, it may reach 22,700 in the future. The support below is at the 100-DMA (19,732).

European stock markets developed individually, with British stocks closing slightly higher by 0.02%, while French and German stocks fell by 0.27% and 0.53% respectively.

The popularity of DeepSeek, a large-scale artificial intelligence (AI) model in China, triggered market concerns about the overvaluation of global technology stocks. Major US technology companies plunged across the board, with Nvidia's stock price plummeting by 18.2% at one point, hitting a low of The stock price fell by 16.9% to $116.7 at the close of trading at $118.07, dragging the Nasdaq down by 3.76%.

At the close of U.S. stocks, the Nasdaq still fell 3.07% to 19,341 points; the S&P 500 fell 2.27% and closed down 1.46% at 6,012 points. The Dow Jones Industrial Average opened 275 points lower and then fell as much as 397 points to a low of 44,026. It then rebounded by as much as 303 points to a high of 44,727 before closing at 44,713, still up 289 points or 0.65%.

Many investors were surprised by the sudden emergence of DeepSeek. Since they had never heard of it before, some investors sold their stocks first and then found out the truth. DeepSeek actually uses a lot of chatGPT technology and 50,000 of Nvidia's most advanced GPU H100. The actual cost will not be too low. The Chinese authorities simply provided a lot of subsidies secretly under the surface. Even if China's artificial intelligence products are truly "high quality and low price", the information and secrets of users may be obtained by the Chinese authorities, and this is made by a group of people with restricted brains. Do those large multinational companies dare to use these things? There may be some setbacks in the short term, but if we look at the long term, everyone has confidence in Nvidia and TSMC.

The US dollar index fell 0.44% to 106.969; the euro once rose 0.34% to $1.0533, and then softened. Traditional safe-haven currencies such as the Japanese yen and the Swiss franc were in high demand, with the yen hitting a five-week high of 153.72 against the U.S. dollar, up 1.46%, and the high of 5.0686 Hong Kong dollars per 100 yen.

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The Hang Seng Index opened 142 points higher at 19,842 points and maintained its upward trend, rising 443 points to 20,144 points. It rose 365 points or 1.85% for the day to 20,066 points. The Technology Index rose 142 points or 3.14% to 4,657 points. The Main Board's turnover was HK$159.8 billion.

The Hang Seng Index rose with a white candle last week, confirming the positive pattern. The 100-DMA (19,731) and the 20,000-point mark were broken last week and are challenging the previous rebound high of 20,200 points. If it breaks through this mark, the midline is expected to hit the 22,700-point level again. However, the Lunar New Year of the Dragon is coming to an end. There is only one and a half days left for the Hong Kong stock market this week. Today is the last trading day for the mainland A-shares. After that, the long Lunar New Year holiday will begin. Due to the lack of northbound funds, the trading volume will drop significantly. Unless investors If you are particularly optimistic, there is no need to rush to purchase before the Chinese New Year. On the other hand, although the Federal Reserve may accelerate the pace of interest rate cuts this year, which is good for the US stock market, the stimulus effect on Hong Kong stocks is limited because the mainland economy may not see much improvement in the first half of the year, and the Hong Kong economy is also weak, with corporate profit growth slowing down. There is not much room for upward movement and 22,700 points may be the ceiling.

European stock markets lacked direction, with UK and German stocks falling 0.73% and 0.08% respectively, and French stocks rising 0.44%.

U.S. stocks softened last Friday (24th), with the three major indexes ending their four-day winning streak. The Dow opened 31 points lower and then fell 232 points to 44,332 points, mainly due to the pressure on heavyweight financial, technology, industrial and medical-related stocks; the S&P 500 rose as much as 0.15% to 6,128 points, a record intraday high. The Nasdaq rose 0.32% at one point, reaching a record high. Both eventually fell back and forth from their highs.

At the close of U.S. stock markets, the Dow Jones Industrial Average was at 44,424, down 140 points, or 0.32%; the S&P 500 fell 17 points, or 0.29%, to 6,101; and the Nasdaq fell 99 points, or 0.5%, to 19,954.

The U.S. dollar index fell as much as 0.77% to 107.22; the euro rebounded 1.01% to $1.0523. The Bank of Japan raised interest rates by 0.25%, but the yen first rose and then rebounded, once rising by 0.78% to 154.85 per dollar.

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Hong Kong stocks fell for two consecutive days. The Hang Seng Index opened higher by 102 points or 0.52% at 19,881 points. It rose by 265 points to 20,044 points in the morning session, but fell in the afternoon. The Hang Seng Index fell by 78 points or 0.4% to 19,700 points. The Technology Index fell by 65 points or 1.43% to 4,515 points. The market turnover exceeded HK$148.5 billion.

The market estimates that Trump will switch to gradually increasing tariffs to reduce the impact on the United States. The Hang Seng Index may present short-term trading opportunities, but policy uncertainty remains a shadow over the market and should not be taken lightly. Hong Kong-listed companies' earnings growth is weak and still needs to be boosted by a strong stimulus package from the mainland. Therefore, under the constraints of basic factors, it is difficult for the market to see a sustained upward trend. Although the mainland has taken measures to support the development of the A-share market and drive the mainland stock market upward, the Hong Kong stock market has not benefited directly and the rebound momentum is not strong. In addition, the Lunar New Year holiday is approaching, and it is difficult for the market to make a big breakthrough in the short term. The Hang Seng Index is expected to be around the 20-DMA(19,620) and 20,500 points.

European stock markets were stable, with UK, French and German stocks rising 0.23%, 0.7% and 0.74% respectively.

US President Trump claimed that he was seeking an immediate interest rate cut from the Federal Reserve and urged the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices. The news was positive for the investment sentiment of the US stock market, and the three major indexes closed at their highest levels of the day on Thursday. The Dow opened 43 points lower and then turned around and rose. After Trump's speech, the increase continued to expand to more than 400 points. The S&P 500 hit a new intraday and closing high. The Nasdaq, which is dominated by technology stocks, fell 0.58% at one point and then fluctuated at a low level. up.

At the close of the U.S. market, the Dow Jones Industrial Average was at 44,565, up 408 points, or 0.92%; the S&P 500 rose 32 points, or 0.53%, to 6,118; and the Nasdaq rebounded 44 points, or 0.22%, to 20,053.

The US dollar index rose by as much as 0.31% to 108.51, and then fell slightly; the euro fell by 0.31% to a low of $1.0378, and then stabilized; the Bank of Japan is expected to raise interest rates by 0.25% after its meeting on Friday, bringing the benchmark interest rate to 0.5%, the yen rose as much as 0.5% to 155.75 per dollar.

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Hong Kong stocks fell after six consecutive gains. The Hang Seng Index opened 109 points lower at 19,997 points and continued to fall. The decline once widened to 373 points, reaching a low of 19,733 points. The full-day decline was 327 points or 1.63% to 19,778 points. The Technology Index fell 112 points or 2.4% to 4,581 points. The Main Board's turnover was HK$135.3 billion.

After US President Trump officially took office in the White House, the latest news indicated that his team is discussing imposing a 10% tariff on China, which could take effect as early as February 1. The news dragged down Hong Kong stocks on Wednesday (22nd), and they once again fell below the 20,000 point mark. The US-China tussle may intensify. With the increasing market uncertainty, the Hang Seng Index will still be trapped between the 20-DMA (19,629) and 20,000 points in the short term.

In terms of European stocks, French stocks closed up 0.86%, returning to their highest level since June last year. British stocks fell back by 0.04%, while German stocks hit a record high and rose 1.01%.

Netflix, the leading video streaming platform, saw its share price soar after announcing its earnings. In addition, Washington is vigorously promoting the development of artificial intelligence (AI) in the United States. U.S. stocks performed well on Wednesday. The S&P 500 hit a record high during the day and at the close, and the Nasdaq jumped more than 1%. The Dow Jones Industrial Average opened 152 points higher and then rose as much as 182 points to 44,208 points. The S&P 500 rose 0.85% to 6,100 points. The tech-heavy Nasdaq Composite Index re-crossed the 20,000 psychological barrier and rose 1.58% to 20,068 points. point.

At the close of U.S. stocks, the Dow Jones Industrial Average was still up 130 points, or 0.3%, to 44,156 points; the S&P 500 rose 37 points, or 0.61%, to 6,086 points; and the Nasdaq rose 252 points, or 1.28%, to 20,009 points.

The U.S. dollar index rose 0.18% to 108.25 at one point; the euro fell 0.34% to $1.0393, and the yen fell 0.77% to 156.71 per dollar.

U.S. Secretary of State Rubio (second from right) convened a U.S.-Japan-India-Australia "Quadrilateral Security Dialogue" foreign ministers' meeting at the State Department on the 21st. Attendees included Japanese Foreign Minister Iwaya Takeshi (first from left), Indian Foreign Minister Subrahmanyam Jaishankar (second from left), and Australian Foreign Minister Wong Ying Yin (first from right)

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The Hang Seng Index opened 202 points higher at 20,128 points, then fell 5 points to a low of 19,920 points. It then resumed its upward trend, rising 279 points to a high of 20,205 points. The Hang Seng Index rose 180 points or 0.9% to 20,106 points for the day, rise six consecutive days . The technology index rose 98 points, or 2.14%, to 4,693 points. The Main Board's turnover was HK$147.9 billion.

The RMB exchange rate rose overnight, and the fact that US President Trump did not make any final decision on tariffs on China at his inauguration ceremony was beneficial to the performance of the Chinese and Hong Kong stock markets, driving the Hang Seng Index to stabilize at the 20,000 mark. However, the US economy is still improving, inflation is still at a stubborn level, and there is limited room for interest rate cuts. With the US dollar still strong, the strength of the RMB is unlikely to continue, and the Hang Seng Index is expected to have limited upward momentum.

European stock markets stabilized at the close, with French stocks performing relatively well by rising 0.48%, while British and German stocks closed up 0.33% and 0.25% respectively.

U.S. stocks rose on the first trading day after U.S. President Trump took office, and market sentiment was not affected by his threat to impose 25% tariffs on Canada and Mexico. The Dow Jones Industrial Average opened 40 points higher on Tuesday, and its gains expanded to 562 points, reaching 44,050 points; the S&P 500 rose as much as 0.91%, and the Nasdaq, which is dominated by technology stocks, rose as much as 0.81%.

At the close of the U.S. market, the Dow Jones Industrial Average rose 537 points, or 1.24%, to 44,025 points; the S&P 500 rose 52 points, or 0.88%, to 6,049 points; and the Nasdaq rose 126 points, or 0.64%, to 19,756 points.

The U.S. dollar reversed its decline on Monday, while the Canadian dollar fell as much as 1.42% to 68.89 U.S. cents under the threat of tariffs; the Mexican peso plummeted 1.43% to 20.7987 per dollar; and the euro fell 0.71% to $1.0342. The market continued to bet on a rate hike by the Bank of Japan after its meeting on Friday, with the yen rising above 155 per dollar, rising as much as 0.54% to a one-month high of 154.78 per dollar.

US President Trump reiterated his intention to regain control of the Panama Canal in Central America. The Panamanian government also announced that it would launch a comprehensive investigation into the renewal process of the Chinese company "Panama Ports Corporation", which owns the port concession rights at both ends of the canal.

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The market is looking forward to the improvement of Sino-US relations. The Hang Seng Index opened 220 points higher at 19,804 points, and the increase once expanded to 509 points, reaching a high of 20,093 points. The whole day rose by 341 points or 1.74% to 19,925 points; the Technology Index rose by 116 points or 2.59%. Reported at 4,595 points. The Main Board's turnover was HK$161.3 billion.

Trump's inauguration and his comments on tariffs, virtual monetary policy, and even interest rate policy will affect the performance of global assets. Rumor has it that Trump plans to visit China within 100 days of taking office, and market concerns about Sino-US relations have eased. Hong Kong stocks have risen for 5 consecutive days, with a cumulative increase of more than 1,000 points. We cannot rule out a short-term adjustment. However, if the Hang Seng Index continues to stabilize at the 50-DMA (19,727) level during the adjustment, it may up to 21,000 before the Lunar New Year holiday.

Monday's swearing-in coincided with Martin Luther King Day, marking the third time in U.S. history that the two were celebrated simultaneously. The previous two times were in 1997 when then-President Clinton was sworn in for re-election and in 2013 when then-President Obama was sworn in for re-election.

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Mainland economic data exceeded market expectations, and Hong Kong stocks fluctuated and stabilized. The Hang Seng Index opened 23 points lower at 19,499 points, then fell 99 points to 19,423 points, and then rose 117 points to 19,640 points. The index rose 61 points or 0.31% to 19,584 points, rising for the fourth consecutive trading day. ; The technology index rose 61 points, or 1.39%, to 4,479 points. The Main Board's turnover was HK$122.2 billion.

The Hong Kong stock market fluctuated as investors are still watching the progress of the mainland's economic recovery. The market is unlikely to break out of the short-term slump and the Hang Seng Index is expected to fluctuate between 19,300 and 20,300 points. It is better to defend than to attack in the first quarter. We are optimistic about defensive stocks such as HSBC Holdings and Chinese telecom stocks.

European stock markets rose across the board. Benefiting from the merger news and the depreciation of the pound, which was good for export stocks, the UK FTSE 100 index set a new record, rising as much as 1.69% to 8,533 points, and closed up 1.35% at 8,505 points. French and German stocks rose 1.35% and 1.69% respectively. Up 0.98% and 1.2%.

Xi Jinping had a phone call with US President-elect Trump, alleviating market concerns about the outbreak of a trade war. In addition, the International Monetary Fund (IMF) raised its forecast for global economic growth this year. US stocks rose sharply on Friday, with the Dow opening 159 points higher. Later, the increase expanded to 500 points, reaching a high of 43,653 points. The S&P 500 rose by 1.31% and the Nasdaq rose by as much as 1.92%.

At the close of U.S. stocks, the Dow Jones Industrial Average was at 43,487, up 334 points, or 0.78%; the S&P 500 rose 59 points, or 1%, to 5,996; and the Nasdaq rose 291 points, or 1.51%, to 19,630.

The U.S. dollar index rose as much as 0.41% to 109.401, the euro fell 0.35% to $1.0265, and the yen also fell 0.66% to 156.19 per dollar. Bitcoin reclaimed $100,000, rising 6.55% to $105,915 at one point.

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Hong Kong stocks are in a tug of war between bullish and bearish sentiments. The Hang Seng Index opened 69 points lower at 19,149 points, which was the lowest point of the day. It then rose by as much as 99 points to 19,319 points, and rose 66 points or 0.34% for the day to 19,286 points. The Technology Index rose 11 points or 0.27% to 4,363 points. The Main Board's turnover was HK$128.5 billion.

The Hong Kong stock market has been volatile, and the Hang Seng Index is expected to continue to hover around the 19,000 mark. US President-elect Trump is about to officially move into the White House. Sino-US relations deserve attention. In addition, the market is still looking forward to the mainland's policies being introduced to support the economy. It is believed that the direction of Hong Kong stocks will not be seen until after the Lunar New Year.

European stock markets were all up, with UK, French and German shares rising 1.21%, 0.69% and 1.5% respectively.

The U.S. core inflation slowed down for the first time in six months, and bond yields fell accordingly, stimulating a sharp rise in U.S. stocks on Wednesday. The Dow Jones Industrial Average opened 409 points higher and then rose as much as 805 points to a high of 43,323 points. The S&P 500 rose by 2.01% at one point. , the Nasdaq, which is dominated by technology stocks, rebounded 2.65%.

At the close of U.S. stocks, the Dow Jones Industrial Average was at 43,221, up 703 points, or 1.65%; the S&P 500 rose 107 points, or 1.83%, to 5,949; and the Nasdaq soared 466 points, or 2.45%, to 19,511.

The US dollar index fell 0.61% to 108.6 at one point; the euro rose as much as 0.45% to $1.0354, and then fell back. The yen rose as much as 1.27% to 155.95 per dollar.

South Korean police dispatched more than 3,000 police officers to the presidential residence in the early morning of the 15th to arrest the impeached President Yoon Seok-suk.

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The Hang Seng Index opened 27 points higher at 18,901 points, and then expanded its gain to 444 points, reaching a high of 19,318 points. It rose 345 points or 1.83% to 19,219 points, ending a six-day losing streak. The Technology Index rose 130 points or 3.08% to 4,352 points. The Main Board's turnover was HK$157.6 billion.

The Hong Kong stock market re-crossed the 19,000 mark, which was only a short-term rebound. Market expectations for the Fed's rate cuts continue to cool, U.S. Treasury yields rise, and the U.S. dollar continues to be strong, which is unfavorable to the RMB and even the Hong Kong stock market. Technically, although the Hang Seng Index has re-crossed the 19,000 mark, trading volume has weakened, reflecting that investors lack confidence in entering the market. The market outlook will continue to be sluggish. The Hang Seng Index faces great resistance at 19,300 points, and there is a chance that it will test 19,000 points again.

European stock markets developed individually, with British stocks falling 0.28% and French and German stocks rising 0.2% and 0.69% respectively.

The latest US producer price index (PPI) showed that inflation pressure was milder than expected. US stocks developed individually on Tuesday. The Dow Jones Industrial Average opened 69 points higher and then rose as much as 247 points to a high of 42,544 points. It fell 140 points in the middle of the day and hit a low of 42,157 points; the S&P 500 rose 0.61% and once fell 0.53%; the Nasdaq rose 0.97% and then fell, with a maximum drop of 0.85%.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 221 points, or 0.52%, to 42,518 points; the S&P 500 rose 6 points, or 0.11%, to 5,842 points; and the Nasdaq fell 43 points, or 0.23%, to 19,044 points.

The US dollar index fell by as much as 0.7% to 109.19; the euro rose by 0.62% to $1.031, and the pound fell by 0.51% to $1.214 before stabilizing; the yen fell by 0.46% to 158.22 per dollar. Bitcoin rebounded at most 4.2% to $97,369.

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Hong Kong stocks continued their decline from last week. The Hang Seng Index opened 146 points lower at 18,918 points, and then the decline widened to 392 points, hitting a low of 18,671 points. The decline narrowed afterwards, and fell 190 points or 0.99% to 18,874 points throughout the day, marking the sixth consecutive trading day of decline. The index fell 38 points, or 0.91%, to 4,221 points. The Main Board's turnover was HK$134 billion.

U.S. stocks fell significantly last Friday (10th), with the Dow Jones Industrial Average falling nearly 700 points. Under the strong US dollar, Hong Kong stocks continued to fall on Monday (13th), and the Hang Seng Index even fell below the 19,000 mark. The market is watching the development of Sino-US trade relations after Trump takes office as US President. Whether the consumer price index data to be released by the United States will bring new direction to the interest rate cut timetable is also worthy of investors' attention.

The Hong Kong stock market is still in a weak state of repeatedly testing the bottom. If it wants to break out of this situation, the Hang Seng Index must first re-cross the 100-DMA (19,522) and hold above it. The support below is at the 250-DMA (18,108).

European stock markets fell across the board, with UK, French and German stocks falling 0.29%, 0.3% and 0.41% respectively.

Rising global bond yields continued to trouble the U.S. stock market. The three major indexes developed individually on Monday, and many large technology stocks continued to decline due to the "horse-changing" activities. The Dow opened 13 points lower and then fell 93 points. It then stabilized, led by health insurance and bank stocks, and rose as much as 381 points to 42,319 points. The S&P 500 fell 0.92% and finally stabilized. The Nasdaq, which is dominated by technology stocks, fell 1.72% at one point, but the decline eventually narrowed significantly.

At the close of U.S. stocks, the Dow Jones Industrial Average was at 42,297, up 358 points, or 0.86%; the S&P 500 rose 9 points, or 0.16%, to 5,836; and the Nasdaq fell 73 points, or 0.38%, to 19,088.

The Fed's interest rate cut expectations cooled, and the US dollar index hit 110.176, breaking 110 for the first time in two years. The market continued to worry about the UK's fiscal problems, and the pound fell another 0.86% to $1.21; the euro fell 0.64% to $1.0178; the yen rose 0.51% to 156.92 per dollar. Bitcoin plunged 6.47% to a nearly two-month low of $89,669.

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The People's Bank of China temporarily suspended its purchase of government bonds in the open market, and Hong Kong stocks fluctuated and were weak. The Hang Seng Index opened 87 points higher at 19,328 points, and then rose as much as 129 points to 19,370 points. Selling pressure reappeared afterwards, and fell 204 points in the afternoon to 19,036 points, barely holding the 19,000 mark. The index closed down 176 points or 0.91% for the day at 19,064 points; the technology index fell 50 points or 1.17% to 4,260 points. The Main Board's turnover was HK$144.6 billion.

The Hang Seng Index fell for five trading days last week, with a cumulative drop of 695 points or 3.52%.

The mainland is waiting for US President-elect Trump to officially take office before launching new measures to deal with the situation. The market is currently in a wait-and-see mood, and the high US 10-year bond yields have affected the performance of US and Hong Kong stocks. It is expected that the Hong Kong stock market will fluctuate in a narrow range of 19,100 to 19,500 points in the short term. Investors can pay attention to HSBC Holdings at this stage. Its dividend yield is attractive and it will also benefit from the expectation of easing financial industry regulations after Trump takes office. Its share price is expected to challenge the 80 yuan mark.

European stock markets fell across the board, with UK, French and German stocks falling 0.86%, 0.79% and 0.5% respectively.

The growth of non-agricultural jobs in the United States accelerated to 256,000 in December last year from 212,000 in November, the largest increase since March last year. The strong data, coupled with the sharp rise in consumer inflation expectations, has made the market more optimistic about the Fed's interest rate cut. Expectations have cooled significantly, and the US stock market was under significant pressure on Friday. The Dow opened 94 points lower and then fell 757 points to 41,877 points. The S&P 500 fell as much as 1.87%, wiping out its gains this year. The Nasdaq fell 2.36% at one point.

At the close of U.S. stocks, the Dow Jones Industrial Average was still down 696 points, or 1.63%, to 41,938 points; the S&P 500 fell 91 points, or 1.54%, to 5,827 points; and the Nasdaq fell 317 points, or 1.63%, to 19,161 points.

The U.S. dollar index rose as much as 0.72% to 109.97; the euro fell 0.83% to $1.0215; the pound fell 0.93% to $1.2192; and the yen depreciated 0.46% to 158.87 per dollar.

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The Hong Kong stock market was in a tug-of-war between bulls and bears throughout the day. The Hang Seng Index opened 25 points lower at 19,254 points, then rose by 125 points to 19,405 points. It fell 52 points to 19,227 points in the afternoon, and fell 38 points or 0.2% to 19,240 points for the day. The Technology Index outperformed and closed up 4 points. or 0.09% to 4,311 points. The Main Board's turnover was HK$129 billion.

Hong Kong stocks have been under continuous adjustment pressure recently, which is related to external news. The minutes of the Federal Reserve's interest rate meeting showed that officials took a cautious attitude towards further interest rate cuts, which stimulated the US dollar and bond yields and was unfavorable to Hong Kong stocks. In addition, the market is watching the policies of the next US President Trump on tariffs and other aspects. It is expected that the market will not have much breakthrough in the short term. The Hang Seng Index has resistance at 20,000 points, and there is a greater chance of testing 19,000 points in the short term.

HSBC Global Research pointed out that as the risk outlook of Chinese stocks improves and the US Treasury yields may fall, it has upgraded the Hong Kong stock rating from "neutral" to "overweight". The Hang Seng Index's target for the end of this year is 23,870 points, which is higher than the current level. The Hang Seng Index closed at 19,240 points yesterday, with a potential upside of 24%.

The United States held a state funeral for the late former President Jimmy Carter on Thursday. The U.S. stock market was closed. European stock markets fluctuated and stabilized. The pan-European index Stoxx 600 closed up 0.42% at 515 points. Resource stocks climbed 1.5%. The UK, France and Germany The stocks rose 0.83%, 0.51% and fell 0.06% respectively.

The foreign exchange index fell 0.14% to 108.94 at one point; the pound slumped 1% to a 14-month low of $1.2239; the euro fell 0.33% to $1.0284; and the yen rose 0.49% to 157.58 per dollar.

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After opening 56 points lower at 19,390 points, the Hang Seng Index once rose 36 points to 19,483 points. Later, the selling pressure reappeared and once fell 336 points to a low of 19,111 points. The decline narrowed in the afternoon and fell 167 points or 0.86% for the whole day to 19,279 points, falling for three days in a row; the technology index fell 47 points, or 1.09%, to 4,307 points. Main board transaction volume was HK$168.3 billion.

Since the Hong Kong stock market fell below 20,000 points, the technical trend has continued to be weak, and it is expected that there will be a chance to test the earlier low near 19,000 points. Mainly because the market is worried that Sino-US relations will become tense after US President-elect Trump officially takes office in the White House on January 20; coupled with the recent sudden move of the Biden administration, Tencent and other companies were included in the "China "Military Enterprise List" made investors very cautious about entering the market, which in turn made the rebound of Hong Kong stocks weak.

European stock markets developed individually, with British stocks rebounding 0.07%, French stocks and German stocks closing down 0.49% and 0.05%.

Global bond interest rates first rose and then retreated on Wednesday, while U.S. stocks also performed mixedly and closed with mixed results. The minutes of the U.S. Federal Reserve's interest rate meeting last month showed that most officials expressed concerns about inflation and the possible impact of President-elect Trump's policies. In view of the increased risk of rising inflation, the Fed will slow down its pace of interest rate cuts. After the Dow opened 13 points higher, it turned around and fell as much as 200 points, reaching a low of 42,327 points. It then rose 127 points and reached a high of 42,656 points. The S&P 500 fell 0.58%, and the Nasdaq, which is dominated by technology stocks, fell as much as 0.93%. .

At the close of the U.S. market, investors' concerns about inflation were downplayed. The Dow Jones Industrial Average still rose 106 points, or 0.25%, to 42,635 points; the S&P Index rose 9 points, or 0.16%, to 5,918 points; the Nasdaq Composite fell slightly, 10 points, or 0.06%. It was quoted at 19,478 points.

The U.S. dollar index rose up to 0.77% to 109.38; the euro retreated 0.65% to $1.0273; the yen fell 0.32% to 158.55 per dollar.

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After the Hang Seng Index opened 186 points lower at 19,501 points, the decline once extended to 435 points, reaching a low of 19,252 points. It fell 240 points or 1.22% for the whole day to 19,447 points; the Technology Index fell 40 points or 0.91% to 4,354 points. Main board transaction volume increased to HK$205.7 billion.

At this stage, the Hang Seng Index is still trading in a tight range; the next round of upward trend will have to be driven by national policy aspirations before it is expected to break through the 20,000 mark. However, it is expected that the Hang Seng Index will fall back after rising to 21,000 points.

European stock markets developed individually, with British stocks falling 0.05%, French and German stocks rising 0.59% and 0.62% respectively.

The market's expectations for the Federal Reserve to cut interest rates have cooled, driving the U.S. 10-year bond interest rate to rise by up to 8.8 basis points to 4.704. In addition, artificial intelligence (AI) "stock king" Nvidia released a series of chips, software and services at the CES electronics show, which stimulated the stock price to rise 2.48% in the early stage to a record high of 153.13 US dollars, but closed down 6.2 %, the worst-performing Dow component. The news dragged down U.S. stocks on Tuesday, which first rose and then recovered. After opening 103 points higher, the Dow Jones Industrial Average rose as much as 224 points, reaching a high of 42,931 points. Then it turned around and fell, falling back 325 points to a low of 42,380 points. The S&P 500 fell by as much as 1.42%, while the Nasdaq Composite Index fell by as much as 1.42%. It had fallen 2.23%.

At the close of U.S. stocks, the Dow Jones Industrial Average fell 178 points, or 0.42%, to 42,528 points; the S&P Index fell 66 points, or 1.11%, to 5,909 points; and the Nasdaq Composite fell 275 points, or 1.89%, to 19,489 points.

The U.S. dollar index once continued to fall 0.38% to 107.848, and then rose 0.37% to 108.65; the Euro once rose 0.44% to $1.0437, and then fell 0.45% to 1.0344; the Japanese yen once fell 0.51% to 158.42 per dollar. Dollar. Bitcoin fell as much as 6.4% to below $96,200. Spot gold prices once rebounded 1.06%, reaching a high of $2,664.33 per ounce.

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The Hang Seng Index opened 88 points higher at 19,848 points and then weakened repeatedly. It once fell 132 points to 19,627 points, and fell 71 points or 0.36% for the whole day to 19,688 points. The Technology Index fell 8 points or 0.18% to 4,395 points. Main board transaction volume was HK$121.6 billion.

The recent strength of the U.S. dollar has put pressure on a number of non-U.S. currencies, which in turn has dragged down the performance of the mainland stock market. The Hong Kong stock market is currently subject to the poor performance of the mainland stock market and is in a performance window period. The mainland has not seen any major policies to support the stock market. There is no catalyst for an upward breakthrough in the short term. The Hong Kong stock market is expected to fluctuate between 19,400 and 20,000 points. However, the mainland Purchasing Managers Index data released earlier showed that the domestic retail industry showed signs of recovery. In the future, factors such as the retreat of the US dollar and expectations of mainland reserve requirement ratio cuts will condition the midline of the Hong Kong stock market to break upward. Fubon Bank believes that although the market is worried that Trump’s new tariff policy will drag down the performance of Hong Kong stocks, it believes that the mainland authorities will increase stimulus policies, and Sino-US relations will not fall to the freezing point from the beginning. It also describes the current market as being too pessimistic. It is expected that The target range for the Hang Seng Index in the first half of the year is 18,000 to 23,500 points, and it is believed that the possibility of an increase is greater than a correction.

European stock markets performed well, with French and German stock markets soaring 2.24% and 1.56% respectively, while British stocks edged up 0.31%.

Large-scale U.S. technology stocks performed well, with Nvidia's stock price closing soaring 3.4%, hitting a record high of $149.43, approaching a record high of $152.89. U.S. stocks developed individually on Monday. After the Dow opened 103 points higher, the gain expanded to 383 points, reaching a high of 43,115 points, and then fell by up to 120 points, reaching a low of 42,611 points. The S&P 500 index once rose by 1.32%, with technology stocks as the mainstay. The Nasdaq rose as much as 1.97%.

At the close of the U.S. stock market, the Dow Jones Industrial Average fell 25 points, or 0.06%, to 42,706 points; the S&P Index rose 32 points, or 0.55%, to 5,975 points; and the Nasdaq soared 243 points, or 1.24%, to 19,864 points.

The U.S. dollar index plunged 1.1% to 107.75, the euro rebounded 1.25% to $1.0437, the pound also rose 1.03% to $1.2551, and the yen rose 0.65% to 156.24 per dollar. Bitcoin once again exceeded $100,000, reaching a high of $102,504, up more than 4%.

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After the Hang Seng Index opened 85 points higher at 19,708 points, the gain expanded to 268 points, reaching a high of 19,891 points. It rose 136 points or 0.69% for the whole day to 19,760 points; the Technology Index rose 45 points or 1.04% to 4,403 points. Main board transaction volume was HK$160.3 billion.

The mainland will not introduce more policy responses until Trump officially takes office as President of the United States. It is believed that the market will be quiet in the short term. The Hang Seng Index has been consolidating sideways in the past two months, fluctuating between 19,000 and 21,300 points. It is currently about in the middle of the sideways zone. If the 100-DMA (19,391) falls, it is expected to test the support of the 150-DMA (18,857). Otherwise, if it rises above 20-DMA (19,940) has the opportunity to test the resistance of 21,300 points, but judging from the recent technical indicators, the downward opportunity is greater.

European stock markets closed on the soft side, with British, French and German stocks falling 0.44%, 1.51% and 0.59% respectively.

The U.S. ISM manufacturing index rose to 49.3 in December from 48.4 in November, a nine-month high and better than the expected 48.2. U.S. stocks stabilized on Friday. After opening 103 points higher, the Dow Jones Industrial Average rose as much as 390 points to a maximum of 42,782 points. The S&P 500 index reversed its five-day decline and once rose 1.38%. The Nasdaq, which is dominated by technology stocks, once rose 1.86 points. %.

U.S. stocks closed at 42,732 points, with the Dow Jones Industrial Average rising 339 points or 0.8%; the S&P Index rising 74 points or 1.26% to 5,942 points; and the Nasdaq rising 340 points or 1.77% to 19,621 points. Last week, the Dow retreated 0.6%, the S&P 500 fell 0.48%, and the Nasdaq fell 0.51%.

The U.S. dollar index fell 0.45% to 108.9 at the end of the period, the euro rose 0.44% to $1.0312, and the yen also rose 0.39% to 156.9 per dollar.