HONG KONG STOCK INDEX (HSI)
Click here to contact us: https://goo.gl/B6Dccf
Hang Seng
The Hang Seng tumbled 328 points or 1.6% to finish at 19,779 on Wednesday, snapping a six-session of losses and pulling back from a one-month peak amid falls across sectors. Sentiment turned sour after US President Trump said Tuesday that he could impose a 10% tariff on imports of Chinese goods as soon as February.
All sectors fell, with tech sinking 2.6% after Trump announced a private sector investment of up to USD 500 billion to boost AI growth and outpace rival nations. A slight drop in US futures further rattled sentiment while mainland markets ended notably lower after a subdued start to the week.
Helping to limit further weakness were remarks from Chinese Vice Premier Ding Xuexiang at the World Economic Forum in Davos that Beijing will import more and is not seeking a trade surplus.
Zengame Tech slipped near 13%, hitting its lowest in two years, on a weak profit forecast. Other notable losers included KE Hlds. (-4.6%), Longfor Group (-3.9%), and Chow Tai Fook Jewellery (-3.7%).
(News Source: Tradingeconomics)
Plan A: Long if market supported firm above 19,954. Targets are 20,175/20,413. Take reasonable stop loss for each trade.
Plan B: Short if market rebounded but resilient to 19,954. Targets are 19,,793/19,549. Take reasonable stop loss for each trade.
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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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 the investment.
0 comments:
Post a Comment