---
title: "Mo's Daily Review: Interest rate cut landed, good news exhausted? Hang Seng Index and gold both surged and then retreated!"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/34291087.md"
description: "Hello everyone, today the market performance of $Hang Seng Index (800000.HK)$ continued to hit a new high for the year at ~27,058 points before sharply retreating and entering a consolidation phase. It's important to note that the market has already gained over 2,000 points in just this month, so when the interest rate cut cycle materialized, funds took profits and exited, especially short-term capital. Despite this, after initially hitting today's low of ~26,414 points, the market attempted to recover losses and saw a short-term rally to today's high of ~26,637 points..."
datetime: "2025-09-20T12:08:40.000Z"
locales:
  - [en](https://longbridge.com/en/topics/34291087.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/34291087.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/34291087.md)
author: "[摩帥](https://longbridge.com/en/profiles/8782297.md)"
---

# Mo's Daily Review: Interest rate cut landed, good news exhausted? Hang Seng Index and gold both surged and then retreated!

Hello everyone, today the market $Hang Seng Index (800000.HK)$ continued its performance after hitting this year's high of ~**27,058** points yesterday before sharply retreating into consolidation. Note that the market has surged over 2,000 points this month alone, so profit-taking emerged after the rate cut cycle began, especially from short-term funds. Despite this, the market initially hit today's low of ~**26,414** points before attempting a rebound to ~**26,637** points, but heavy arbitrage selling pressure post-noon drove another dip back to ~**26,414** points. It ultimately closed at **26,545** points, up 0.25 points. Trading volume exceeded HK$370 billion, showing strong momentum.

Sands China $(01928.HK)$ led blue-chips with a 6% surge, followed by Galaxy Entertainment $(00027.HK)$ (+4%). Tech heavyweights like Tencent $(00700.HK)$, Alibaba $(09988.HK)$, Meituan $(03690.HK)$, and JD.com $(09618.HK)$ stabilized the market.

Lithium stocks shone today: CATL $(03750.HK)$, Ganfeng Lithium $(01772.HK)$ (+10%), and Tianqi Lithium $(09696.HK)$. SaaS firm Weimob $(02013.HK)$ surged 10% post-$200M funding.

Gold hit a record **$3,700**/oz after the Fed's cut but pulled back, now rebounding above **$3,650**. The Value Gold ETF $(03081.HK)$ remains a hedge against rate cuts and inflation, though investors should assess risks.

**Summary**  
The market consolidates after its rally, with support at 26,400. Maintain caution above 26,000; ETFs suit volatile conditions.

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**Disclaimer: Personal views only. Invest at your own risk.**