4 February 2025 Global Index Futures - Hang Seng

 HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng ended almost flat at 20,217 on the first trading day of February, stabilizing after steep losses in morning deals as gains in tech and consumer sectors nearly offset losses in property and financials.

Traders digested a Wall Street Journal report that Beijing is seeking to avoid tariff hikes and tech restrictions from the Trump administration. Meanwhile, China's Commerce Ministry prepared to file a complaint with the WTO.

Despite private survey data showing the weakest factory activity growth in four months for China during the start of 2025, traders remained hopeful, looking to March's annual legislative meeting for additional stimulus to support market recovery.

Alibaba Group Holdings surged 6.5% after reporting that its new AI model outperformed Meta Platforms' Llama and DeepSeek's V3 in various tests. In contrast, Li Auto dropped 5.7% following weak sales in January, while Galaxy Entertainment fell nearly 6% due to a slight decline in gambling revenue for the month.

(News Source: Tradingeconomics)

Plan A: Long if market supported firm above 20,537. Targets are 20,886/21,050. Take reasonable stop loss for each trade. 

Plan B: Short if market rebounded but resilient to 20,537. Targets are 20,410/20,201. Take reasonable stop loss for each trade. 

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