Will the Hang Seng Index fall further?

BrianTycangco鄭彥渊
11-13

$HSI(HSI)$ may have another 1,000 to 1,500 pts to reach a temp bottom (20% from recent highs) and $HSTECH(HSTECH)$ may drop to 3,900 to 4,000 pts if we don’t see a strong set of 3Q results from $BABA-W(09988)$ $Alibaba(BABA)$ $JD.com(JD)$ $JD-SW(09618)$ $PDD Holdings Inc(PDD)$ $Tencent Holding Ltd.(TCEHY)$ $TENCENT(00700)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ $NetEase(NTES)$ $NTES-S(09999)$ $MEITUAN(MPNGF)$ $MEITUAN-W(03690)$

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Hang Seng Index and related indices suffer immense incremental selloff

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Chinese investors continue to make net purchases of Alibaba via the StockConnect with another 20m shares purchased over the past week. The pace of accumulation has slowed.

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Comments

  • MaxGain
    11-14
    MaxGain
    I would say that a GREAT DEPRESSION is coming with the market losing more than half it’s value. The CHINA 🇨🇳 and Hong Kong 🇭🇰 market remains UN-INVESTABLE.
  • Madluvyz
    11-14
    Madluvyz

    Wouldnt bet for it to recover anytime soon now that trump is the elect president 

  • DavidSG
    11-14
    DavidSG
    Volatility and consolidation stage, will be rising soon!
  • Hanlin
    11-14
    Hanlin

    Great article, would you like to share it?

  • Sonsonkok
    11-13
    Sonsonkok

    Great article, would you like to share it?

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