4 March 2025 Global Index Futures - Hang Seng

HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng rose 65 points or 0.3% to finish at 23,006 on the first trading day of March, snapping a two-day decline as traders keenly awaited the start of China’s National People’s Congress Tuesday.

Analysts expect officials to set a growth target of around 5% and a budget deficit of 4% of GDP for this year during the annual event. Some investors seemed hopeful that US tariffs on China might be postponed or mitigated after President Trump announced plans to impose an additional 10% tariff on all Chinese imports starting March 4, following the 10% levies launched on February 4.

Meanwhile, China’s state-backed Global Times reported Beijing was preparing tariff countermeasures, potentially targeting US agricultural exports. Property and financials mainly led the gains, as the benchmark index trimmed early gains due to eventual losses in tech and consumers. Among top movers, Pop Mart Intl. surged (5.3%), alongside Horizon Robotics. (5.1%), JD Health Intl. (4.4%), and Prada Spa (3.0%).

(News Source: Tradingeconomics)

Plan A: Long only if market supported firm above 22699. Targets are 22,839/23,069. Take reasonable stop loss for each trade. 

Plan B: Short if market resilient to 22,699. Targets are 22,431/22,119. Take reasonable stop loss for each trade. 

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