资讯日报-2025-03-31

Market Overview - Hong Kong's Hang Seng Index closed at 23,427, down 0.65% for the day and up 16.78% year-to-date[4] - The Hang Seng Tech Index fell 1.48%, while the Hang Seng China Enterprises Index dropped 0.82%[10] - The Nikkei 225 index in Japan closed at 37,120.33, down 1.8%, marking its lowest close since March 14[3] U.S. Market Performance - The S&P 500 index decreased by 1.97%, closing at 5,581, with a year-to-date decline of 5.11%[4] - The Nasdaq Composite fell 2.70%, closing at 17,323, with a year-to-date drop of 10.29%[4] - Major tech stocks like Apple, Microsoft, and Amazon saw declines of 2.66%, 3.02%, and 4.29% respectively[10] Sector Analysis - Large financial stocks and semiconductor stocks performed weakly, with major airlines facing significant losses; China Southern Airlines dropped nearly 8%[10] - Gold stocks surged, with Lingbao Gold rising 15% as gold prices hit new highs[10] - The education sector showed resilience, with China Oriental Education surging over 11% post-earnings[10] Economic Concerns - Investor sentiment is low due to concerns over U.S. tariffs and declining consumer confidence, with the Michigan Consumer Sentiment Index hitting a two-year low[14] - The upcoming U.S. tariff policy announcement on April 2 is expected to create further market volatility[12] Investment Strategy - Analysts recommend a cautious approach, suggesting a reduction in exposure to sectors likely to be impacted by tariffs, such as automotive and semiconductors[12] - A "multi-asset allocation" strategy is advised, focusing on international stocks and gold for better returns amid market uncertainty[13]