English
Back
Download
Log in to access Online Inquiry
Back to the Top

HSI highest point already seen for 2024

$Hang Seng Index (800000.HK)$ The HSI movement is closely tied to RMB (USDCNH) movement. Since Trump's victory we have been witnessing RMB weakening from 7.09 to 7.25+ s (and dropping), HSI is unlikely to move back to Oct 2024 height in the next few months even with new bazooka stimulus from China Government.
The weakening of RMB will be excerbated by Fed's rate decision and fresh tarrif across the borders of US. The first support will be 18700 then 17800.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
+0
3
Translate
Report
9514 Views
Comment
Sign in to post a comment
13
Followers
5
Following
27
Visitors
Follow
Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.