$LION OCBC HSTECH ETF S$(HST.SI)$ falls as china government stimulus underwhelms. the market expected more. the chinese government is very careful about its debt. it cannot be like the us which is deep in debt and keeps increasing the debt ceiling. the us can keep increasing its interest rate and strengthen usd though it has trillions of debt. the chinese government thinks long term and is very prudent. $FTSE China Bull 3X Shares(YINN)$ broke support as the stimulus underwhelms. it is a good forward indicator for hst besides $Hang Seng Tech Index - main 2308(HTImain)$ . you can track overnight trading activity and decide how
$LION OCBC HSTECH ETF S$(HST.SI)$ retraced after yesterday's mini bounce due to evergrande filing for bankruptcy protection. the real estate crisis continues. china yuan is devaluing as foreign investors pull money out of the chinese stock market. sgdhkd is almost at all time high and it could get higher. investors are going for the strong usd and shunning the yuan. this means that sgdhkd is going to trend up and so does hst. recent big chinese companies earnings point to recover of consumer spending. Chinese tourism numbers are up, pointing to more spare money to spend. another forward indicator besides the $Hang Seng Tech Index - main 2308(HTImain)$ is the <
$LION-OCBC HSTECH ETF S$(HST.SI)$ got a boost this morning with surprised factory activity growth but died down. looks like the sell down in china stocks is deliberate after observing many ill fated rebound rallies. i sold at 0.647 after locking in sgd1,600 gains. hst will likely continue to fall until around 0.59 before any sold rebound occurs. this is the next support zone according to the pnf plot. $HSTECH(HSTECH)$ support will be correspondingly at around 3555. you can make use of $Hang Seng Tech Index - main 2305(HTImain)$ to have a few hours preview of whether it will dive or soar as it trades overnigh
China's RRR cut is still "on the table",A50 fell back to find support
the turnover of A-share cities was 922.979 billion, and the market showed a general decline. All three major indexes closed lower, among which real estate, trade, film and television animation, animal husbandry and fishery and non-bank finance were among the top losers. In addition to the impact of epidemic factors on market confidence, the Eagle has not stopped recently, preparing to sell weapons and speculating that the old woman is going to visit. The eagle, who tasted the return of European funds, tried to point the war from Europe to Asia-Pacific. As shown in the above figure, as the leading index PMI of the economy, the manufacturing PMI index in March was 49.5%, down 0.7 percentage points from last month and lower than the critical value, which means that both domestic and forei
Today, there was a big counterattack between A shares and Hong Kong stocks. Everyone knows the reasons. Our government issued the latest news, and it seems that the bottom of the policy is approaching. For the specific content, you can look at the news by yourself,: Finance Committee of the State Council! The stock market soared! What are the heavy information points? This news seems to be a response to the downgrade of 28 Chinese stocks by JP Morgan a few days ago, and before that, Morgan Stanley said seriously that the geographical and regulatory risks of China were rising. Wall Street slashed the rating of China Stocks! What happened here? ! So the question now is, after the violent rebound exceeds
The minutes of the meeting discussed the reduction of the table, the market immediately knelt down!
The Federal Reserve released the minutes of its December meeting, which containedNot only does it imply that the time node for the first interest rate hike in 2022 may be advanced, but even more importantly, the "shrinking table" may come faster. In fact, on December 18, 2021, Federal Reserve Governor Waller released the signal of raising interest rates ahead of schedule in March and then shrinking the table (around June at the earliest), but the market didn't take it seriously at that time. According to the minutes of the meeting, participants believe that the current economic outlook of the United States is stronger than expected, and compared with the last time when monetary policy normalization began, inflation is higher and the labor market is tighter. They also note that the Fed's b
The $Hang Seng Tech Index - main(HTImain)$tracks the performance of the 30 largest technology companies listed in the Hong Kong stock exchange. An index is not something that one can invest in directly. Instead, investors can invest in Exchange Traded Funds (ETFs) that track the performance of the index.One amazing thing about investing in this ETF is it allows investors to invest in a basket of Chinese tech stocks even with small capital.The $CSOP HS TECH(03033)$is the world’s 1st listed ETF to track the Hang Seng TECH Index.Alternatively for those in Singapore also can consider $Lion-OCBC Sec HSTECH S$(HST.SI)$ which is trade in SGD.Both ETF objective is to