$HSI Futures(JAN5) (HSImain.HK)$Hong Kong stocks hit 6-week low, erasing most of 26% stimulus rally The Hang Seng Index has surrendered most of the 26.5 per cent rally driven by Beijing’s stimulus blitz on November 24. Hong Kong stocks fell for a third day to a six-week low on concerns a robust US labour market will restrain the Federal Reserve from more interest-rate cuts this year, while China struggles to end sticky deflation in the economy.The Hang Seng Index slipped 0.9 per cent to 19,279.8...
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Cui Nyonya Kueh
OP
:
1. Tariffs 2. US sell off 3. Tencent conspiracy 4. Trump inauguration on 20 Jan (I think that is the date TBC)
Sadly since$Hang Seng Index (800000.HK)$'s earlier wave up towards the 23K regions, been taking a beating and now trending back down If unable to rebound back in the near future, likely will be back into a consolidation phase once more... Stimulus package news not enough to keep investors excited for HK.
Cui Nyonya Kueh OP : 1. Tariffs
2. US sell off
3. Tencent conspiracy
4. Trump inauguration on 20 Jan (I think that is the date TBC)