Hang Seng Index Poised for Rebound on 10 April Amid Global Tech Rally
Key Highlights:
The Hang Seng Index closed at 20,264 on 9 April 2025, rising 137 points or 0.7%, reversing early losses. The rebound was driven by gains in tech, consumer, and property sectors, following Premier Li Qiang’s remarks that Beijing is “fully capable of hedging against adverse external influences,” including the newly imposed 104% U.S. import tariffs.
Hang Seng Index Performance Summary – 9 April 2025
| Metric | Value |
|---|---|
| Opening | 19,494.92 |
| Day’s High | 20,441.14 |
| Day’s Low | 19,494.92 |
| Closing Price | 20,264 |
| Previous Close | 20,157.52 |
| Change | +137 pts (+0.7%) |
| 52-Week High | 22,638.21 |
| 52-Week Low | 19,494.92 |
Factors Influencing the Hang Seng’s Movement
- Tech Sector Gains: The tech index climbed 2.6%, reflecting investor confidence in China’s push for technological self-reliance.
- Government Support: State-owned firms stepped in to support markets, with top Chinese brokerages pledging to stabilize share prices, and some listed companies launching stock buyback plans.
- Positive Global Cues: A rally in mainland stocks and a rise in U.S. futures ahead of the March FOMC meeting minutes lifted the mood. Equityworld Futures Portal
Global Sentiment Boost from Nasdaq’s 12% Rally
The Nasdaq Composite’s significant 12.16% surge on 9 April 2025, closing at 17,124.97, has improved global investor sentiment, particularly in the tech sector. This rally is expected to positively influence Asian markets, including the Hang Seng Index.
Hang Seng Index Prediction – 10 April 2025
Sentiment Expectation: Bullish, with potential continuation of the rebound.
Projected Opening: Likely to open 0.5% to 1% higher, tracking global tech optimism.
Sectors to Watch:
- Technology: Companies like SMIC, Meituan, and Kuaishou Tech may see continued gains.
- Consumer Goods: Firms such as Xiaomi and China Resources Beer could benefit from improved sentiment.
- Property: Real estate stocks may experience a rebound amid government support measures.
Key Market Factors to Monitor
- US-China Trade Developments: Any updates on tariff negotiations could impact market sentiment.
- Mainland China’s Economic Indicators: Data releases on trade and inflation will be closely watched.
- Global Market Trends: Movements in US and European markets may influence the Hang Seng’s performance.
Technical Outlook: Resistance and Support Levels
| Level Type | Value |
|---|---|
| Resistance 1 | 20,500 |
| Resistance 2 | 20,800 |
| Support 1 | 20,000 |
| Support 2 | 19,700 |
A break above 20,500 could signal further upside potential, while a drop below 20,000 may indicate renewed selling pressure.
Hang Seng Index Poised for Continued Recovery
Following a 0.7% gain on 9 April, the Hang Seng Index appears set for further recovery on 10 April 2025, supported by positive global cues, particularly from the Nasdaq’s substantial rally. Investors will be monitoring developments in US-China trade relations and economic indicators from mainland China for further direction.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
