21 January 2025 Global Index Futures - Hang Seng

HONG KONG STOCK INDEX (HSI)

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Hang Seng

Elsewhere, Chinese VP Han Zheng’s meeting with Elon Musk and other US businesses highlighted Beijing's efforts to improve relations ahead of Trump’s return to the White House. Meantime, TikTok resumed its US operations Sunday after Trump announced a three-month halt on enforcing a law requiring its Chinese owner to divest.

On the policy front, the PBoC kept its key lending rates steady for the third month, in line with estimates. However, concerns about market volatility grew as Trump prepared to issue executive orders on many matters including tariffs and energy, shortly after his inauguration today.

Top movers included Miniso (5.3%), Meituan (5.0%), and Wuxi Biologics (4.1%).

The Hang Seng jumped 342 points or 1.8% to end at 19,926 on Monday, rising for the fifth session and reaching its highest since the start of 2025. The rally was driven by sector-wide advances, boosted by news of a phone call between US President-elect Trump and China's President Xi Jinping discussing key issues.

(News Source: Tradingeconomics)

Plan A: Long if market retraced but supported firm above 19,990. Targets are 20,178/20,337. Take reasonable stop loss for each trade.

Plan B: Short if market rebounded but resilient to 20,178. Targets are 20,010/19,940. Take reasonable stop loss for each trade

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