Commentary

Next Week, China’S July Pmi Data Will Be Released

Hang Seng fell 2.3% This week, the Hang Seng Index fell by 2.3%, losing its 200-DMA, while the Hang Seng Tech Index dropped by 2.6%. Despite a brief rebound on Monday, fueled by the news of an interest rate cut by the central bank, this boost failed to sustain the

The One-Year And Five-Year Lprs Were Reduced by 10 Basis Points Each

CSI300 dropped 3.7% The CSI 300 fell 3.7% this week on volume above the average and higher than the last week. The market condition was Rally Attempt. The index fell in quick succession this week, breaking below the July 9 low of 3,385 during the session. The next support turned

Trump May Bring More Aggressive Tariff Policies

CSI300 gained 1.9% The CSI 300 rose 1.9% this week on volume below the average and lower than the last week. The market condition was Rally Attempt. The index continued to rally this week, regaining the 21DMA and 200DMA in quick succession. Resistance was at 50DMA and 100DMA. 2Q24 GDP

The Hang Seng Index Failed to Extend Last Week’S Confirmed Uptrend

Hang Seng fell 4.8% This week, the Hang Seng Index dropped sharply by 4.8%, while the Hang Seng Tech Index plunged 6.5%. The declines this week were primarily driven by drops on Tuesday and Friday. On Tuesday, the uncertainty surrounding an important meeting led to cautious sentiment and a dominant

The Index Rallied Strongly

CSI300 gained 1.2% The CSI 300 rose 1.2% this week on volume above the average and higher than the last week. The market condition was Rally Attempt. The index rallied strongly this week and is trying to break above the 21DMA. Support lies at the July 9 low of 3,385.

Despite No Positive News over the Weekend

Hang Seng raised 2.8% This week, the Hang Seng Index rose by 2.8%, and the Hang Seng Tech Index increased by 5.2%. Despite no positive news over the weekend, the gains this week were mainly driven by significant rises on Thursday and Friday. Thursday’s increase was primarily due to the