Home Forex Markets Hang Seng Index (HSI) closed down 0.1% in shock, facing further downside risks

Hang Seng Index (HSI) closed down 0.1% in shock, facing further downside risks

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Hang Seng Index (HSI) closed down 0.1% in shock, facing further downside risks


The Hang Seng Index (HSI) was volatile after a sharp drop, closing slightly down 0.1%, and facing further downside risks in the future. Technically, we will pay attention to whether the 15000 mark can provide some temporary support.

Hang Seng Index (HSI) fluctuated down 0.1%, Hang Seng Technology Index rebounded nearly 3%

Overnight data showed that the initial value of the U.S. Markit manufacturing PMI in October was 49.9, falling below the 50 line of prosperity and decline, a 28-month low. And US Treasury Secretary Yellen said that the possibility of a recession cannot be ruled out, and the US faces a substantial impact on financial stability risks. However, the U.S. stock index continued to rebound and strengthened on Monday, with the S&P 500 closing up 1.19%, the Dow up 1.34% and the Nasdaq up 0.86%.

Although overseas markets such as Europe and the United States rebounded and strengthened again, the Hang Seng Index (HSI) has not yet recovered from the slump. The Hang Seng Index fell slightly by 0.19% at the opening on Tuesday, and then went up and down. The Hang Seng Technology Index rebounded, closing up 2.96%. The net inflow to the Hong Kong stock market through southbound trading on Tuesday was 7.802 billion yuan.

The Hang Seng Index (HSI) continues to refresh 13-year lows. Where is the head of the fall in the fourth quarter? 👇👇👇

On Tuesday, 40 stocks in the Hang Seng Index rose, 31 fell and 2 were unchanged. The top three top performers and their gainers were: Ali Health rose 8.22%; Haidilao rose 6.74%; Lenovo Group rose 5.2%. The top three worst performers and their decliners were: China Overseas Land & Investment, down 5.46%; HSBC Holdings, down 5.11%; and Hang Seng Bank, down 3.78%. The major heavyweights were as follows: Tencent Holdings rose 0.1%; Alibaba rose 3.16%; China Construction Bank rose 0.45%.

Hang Seng Index (HSI) Trend Technical Analysis

The daily chart shows that the Hang Seng Index (HSI) has effectively fallen below the upward support line (15500) since 1998 and then entered a shock. Considering that the 15500 line has been transformed into resistance, the Hang Seng Index faces the risk of further decline under the suppression of this resistance. Focus on whether the 15000 mark can provide some short-term support. However, if the rebound breaks above 15500, it may usher in an opportunity for further upward correction. (Follow the author on Twitter @Legen_DailyFX )

Hang Seng Index (HSI) closed down 0.1% in shock, facing further downside risks

The Hang Seng Index (HSI) continues to refresh 13-year lows. Where is the head of the fall in the fourth quarter? 👇👇👇

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