17 February 2020 Foreign

FUTURESCOIN IS GOING GLOBAL

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

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HSI

Asian shares reversed earlier losses on Monday and moved back toward a three-week top as Chinese efforts to cushion the blow from a coronavirus outbreak cheered investors, although Japanese stocks faltered amid growing recession risks.

China stocks rallied on Monday, led by start-up companies which surged to a more than three-year high, as Beijing rolled out more support measures to counter the economic impact of the coronavirus outbreak.

Hang Seng Index rose +125.21 points, +0.45% at 27940.81 for the first session. Trading is expected to be light as U.S. stocks and bond markets will be shut on Monday for a public holiday.

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Afternoon Plan 

Plan A : Long if market supported firm above 27810. Targets are 27900 and 28000.
Plan B : Short if market resisted around 28000. Targets are 27920 and 27810.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.