12 March 2025 - Global Index Futures - Hang Seng

 HONG KONG STOCK INDEX (HSI)

Click here to contact us: https://goo.gl/B6Dccf 

Hang Seng

Equities in Hong Kong slumped 321 points or 1.4% to 23,888 on Monday morning, extending losses from the prior period amid widespread sector falls. Traders reacted to fresh data from China over the weekend, which showed that consumer prices fell the most in 13 months in February, while producer deflation persisted for the 29th month despite a slower fall.

Meanwhile, US futures plunged, as tariffs on key trading partners, an uptick in jobless rates, and federal workforce job cuts fueled concerns about a potential slowdown in US GDP growth, after months of outperformance compared to China and Europe. Locally, Hong Kong's foreign exchange reserves fell to an 8-month low in February, following a period of stability over the previous three months.

Capping further losses were hopes that the PBoC would provide stimulus in response to weak Chinese CPI and PPI data. Kingdee Intl. Software slumped (-7.0%), alongside China Unicom (-4.9%), Shenzhou Intl. (-4.6%), and Semicon Manufacturing (-4.0%).

(News Source: Tradingeconomics)

Plan A: Long only if market supported firm above 23,305. Targets are 23,512/24,780. Take reasonable stop loss for each trade. 

Plan A: Short if market is resilient to 23,886. Targets are 23,503/23,305. 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.