19 Feb 2025 Global Index Futures - Hang Seng

 HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng jumped 361 points or 1.6% to finish at 22,977 on Tuesday, notching its highest level in more than four months, after a rare gathering Monday between Chinese President Xi Jinping and the country's tech sector figures. He assured business leaders of increased support and wider market access amid mounting US rivalry.

Meanwhile, US futures were notably higher as Wall Street prepares to resume trading after Monday's holiday. Capping further gains was vigilance ahead of China's upcoming monthly key lending rate fixings.

Most sectors rose, with tech and consumers soaring over 2%, each. Geely Auto climbed 4.7% after reaching a deal with French automaker Renault to produce and sell zero- and low-emission vehicles in Brazil. Intelligent vehicle solutions provider Black Sesame International Holding climbed 3.2%, on robust earnings forecasts. Meituan and Tencent Holdings each added 1.5% while Kuaishou Tech (8.9%), Xiaomi Corp. (6.2%), and Laopu Gold (4.8%) posted robust gains.

(News Source: Tradingeconomics)

Plan A: Long only if market retraced but supported firm above 22,780. Targets are 22,975/23,144. Take reasonable stop loss for each trade. 

Plan B: Short if market resilient to 22,780. Targets are 22,649/22,545. Take reasonable stop loss for each trade. 

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