Hong Kong Stock Index (Too Much Uncertainties)

View On Hong Kong Stock Index (7 Sept 2020)

Even though the other stock markets such as US Dow Jones, NASDAQ and German DAX were doing extremely well, Hong Kong Stock Index (HSI) failed to do so.
Since the island state is facing lot of political upheaval recently, the performance of the stock market is pretty much expected.

With the on going political escapade, falling property prices and the covid uncertainty, we will not be bullish on the Hong Kong Stock Market for the time being.

It shall face more bear pressure in the near term and it should easily to retest the swing low level of 25,250 region (or) even lower.


Cheers.


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