Hang Seng Index Finds Support
As the chart shows, Hong Kong?s Hang Seng Index (Hong Kong 50 on FXOpen) has fallen more than 3% from its 2025 high over the past week. In recent days, several factors may have driven bearish sentiment:
→ Domestic Chinese policy: Media reports indicate that on Monday the head of China?s central bank held a press conference, but market participants may have been disappointed by the proposed economic stimulus measures.
→ US influence: This includes both trade deal negotiations and the Federal Reserve?s recent decision to cut interest rates.
→ Other news: For example, the approach of Typhoon Ragas.
Additionally, reaching a peak near 27,000 points may have prompted long-position holders to take profits, creating a wave of selling.
Nevertheless, the chart shows several technical signs suggesting that the market is finding support, and the scope for further declines appears limited.
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