13 March 2025 Global Index Futures - Hang Seng

  HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng fell 182 points or 0.8% to close at 23,600 on Wednesday, reversing a subdued end in the prior session amid broad-based losses. Sentiment was weighed down by concerns over China’s deflation risks and ongoing global trade row.

The EU escalated its trade dispute with the U.S. by launching countermeasures against new steel and aluminum tariffs, planning to impose duties on EUR 26 billion worth of American goods. Caution also built ahead of the U.S. February CPI report after January’s reading surpassed expectations.

However, losses were partially offset by a 34.4% yoy surge in China’s car sales in February. Meanwhile, U.S. futures rose modestly after Trump downplayed recession fears. On the global front, Ukraine agreed to a month-long ceasefire with Russia. Tech stocks tumbled the most by around 2%, dragged by Horizon Robotics (-5.8%), Meituan (-2.3%), and Kuaishou Tech (-1.1%). Other worst performers included Lenovo (-7.0%), Prada Spa (-6.7%), and Sands China (-4.1%).

(News Source: Tradingeconomics)

Plan A: Short if market is resilient to 23,621. Targets are 23,474/23,245. Take reasonable stop loss for each trade. 

Plan B: Long only if market supported firm above 23,355. Targets are 23,539/24,705. Take reasonable stop loss for each trade. 

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