No Rebound for the Hang Seng, Yet $Hang Seng Index (800000.HK)$ The Hang Seng Index is still in a technical downtrend. It is not showing any signs of recovering yet. After the chinese government pledged to aid equity markets, most of the chinese equity markets began to rally. Economic data has still been showing signs of contraction. This put a stop to the supposed rally in the Hand Seng. Tech Might Be Showing More Promise $Hang Seng TECH Index (800700.HK)$
$Hang Seng Index (800000.HK)$
The Hang Seng Index is still in a technical downtrend. It is not showing any signs of recovering yet. After the chinese government pledged to aid equity markets, most of the chinese equity markets began to rally. Economic data has still been showing signs of contraction. This put a stop to the supposed rally in the Hand Seng.
Tech Might Be Showing More Promise
$Hang Seng TECH Index (800700.HK)$