HONG KONG STOCK INDEX (HSI)
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Hang Seng
The Hang Seng climbed 181 points or 0.9% to end at 20,107 on Tuesday, continuing its bullish momentum for the sixth session and approaching its highest level in nearly four weeks amid widespread sector gains.
Traders responded favorably to Trump's inaugural speech Monday, as it did not impose tariffs on China. Meanwhile, US futures surged after Trump signed several executive orders, including declaring a national energy emergency which might lead to lower inflation and more Fed rate cuts.
Further gains were capped by caution ahead of December inflation data in Hong Kong later today after figures in November stayed at a five-month low of 1.4%. Shares of China Vanke Co. jumped almost 9% after the developer announced interest payment on a maturing bond. Meantime, Country Garden surged around 20%, hitting a 10-month high as trading resumed after a nine-month suspension. Other top gainers included Semicon Manufacturing (6.7%), Pop Mart Intl. (5.7%), Li Auto (5.2%), and Xiaomi Corp. (3.2%).
(News Source: Tradingeconomics)
Plan A: Long if market supported firm above 20,159. Targets are 20,394/20,571. Take reasonable stop loss for each trade.
Plan B: Short if market rebounded but resilient to 20,159. Targets are 19,,883/19,683. Take reasonable stop loss for each trade.
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