Hong Kong IPO wave lifts Hang Seng as silver rebounds 3%
Markets were quiet with low trading activity and limited price moves. U.S. stocks ended slightly lower, while Hong Kong stood out as the Hang Seng rose about 1% on strong IPO activity. Gold and silver recovered after recent selling, the dollar stayed weak, and the yen held near 156 per dollar, a level closely watched by Japan.
Today's Snapshot
- S&P 500: 6,905.74 (−0.35%)
- Nasdaq Composite: 23,498.81 (−0.40%)
- Hang Seng Index: 17,450 (+1.2%)
- Gold: $4,363.79/oz (+0.7%)
- Silver: $74.41/oz (+3.0%)
Global Markets
Precious Metals
- Gold: $4,363.79/oz (+0.7%) — Safe-haven asset recovered after recent selling; investors anticipate rate cuts next year amid economic uncertainty.
- Silver: $74.41/oz (+3.0%) — Metal rebounded sharply after the week's decline, supported by a robust demand outlook.
FX
- Dollar Index (DXY): 97.99 (slightly weaker) — Weakness toward year-end supported commodities and non-dollar assets.
- USD/JPY: 156.09 (stable) — Pair remained near 156, a closely monitored Japan level.
Stock Market — What Happened Today
U.S. Equities
- S&P 500: 6,905.74 (−0.35%)
- Nasdaq Composite: 23,498.81 (−0.40%)
Stocks declined modestly as investors exercised caution before year-end.
Hong Kong
- Hang Seng Index: 17,450 (+1.2%) — Six Chinese companies listed; IPO activity raised approximately HK$7 billion total. Major deals: Insilco Medicine (HK$2.28 billion), One Robotics (HK$1.80 billion), Shanghai Forest Cabin (HK$1.09 billion).
Europe
- STOXX Europe 600: 497 (+0.1%) — Marginally higher; most investors remained sidelined.
Volatility & Positioning
VIX closed around 14.2, indicating low market risk entering year-end.
What Traders Are Watching
- U.S. stocks holding near recent highs into year-end.
- Gold and silver extending recovery after recent selling.
- USD/JPY stability around the 156 level monitored by Japan.
“In investing, there are no called strikes.”
Yesterday's Market News – 29 December 2025
Markets remained quiet during year-end trading, with U.S. stocks near record highs and restrained price movement. Precious metals led performance, particularly silver, while Japan's Nikkei declined slightly and the yen stayed stable near closely monitored levels.
Read full recap →Sources
- Reuters — Global Markets — Asian stocks pulled lower by tech, gold and silver cool off
- Reuters — Currencies — Dollar steady ahead of Fed minutes in sluggish end to dismal 2025
- Reuters — Commodities — Gold bounces back from two-week low, silver recovers
- Reuters — Asia Markets — Six China IPOs debut in Hong Kong after raising about HK$7 billion, lifting market sentiment in thin year-end trading
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