24 January 2025 Global Index Futures - Hang Seng

HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng fell 78 points or 0.4% to close at 19,700 on Thursday, swinging from gains in the morning session amid looming tariff risks and concerns over China's sluggish economic momentum.

Meanwhile, US futures drifted lower after Wall Street's S&P 500 approached an all-time high Wednesday after President Trump's moves to boost spending on AI. Most sectors eventually slipped, notably tech, consumer, and property. In contrast, financials rose after China's securities agency encouraged local insurers and mutual funds to increase their equity holdings. 

Earlier this month, the regulator announced plans to collaborate with the Chinese central bank to improve monetary policy tools and stabilize the ailing mainland stock markets. Some of the biggest laggards included Semicon Manufacturing (-7.4%), Pop Mart Intl. (-5.4%), Li Auto (-3.7%), and Xiaomi Corp. (-2.7%). In contrast, insurers saw gains, such as PICC Property & Casualty (2.5%), China Life (2.2%), and Ping An Insurance (1.8%).

(News Source: Tradingeconomics)

Plan A: Long if market supported firm above 19,764. Targets are 20,020/20,261. Take reasonable stop loss for each trade. 

Plan B: Short if market rebounded but resilient to 19,764. Targets are 19,560/19,356. Take reasonable stop loss for each trade. 

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