A bullish reversal in HSI, signaling renewed strength in Chinese markets

TechnicalHunter
11-27

I support a second round of bounce happens.

Emerging-market stocks rose, reversing earlier losses, as speculation intensified that China’s authorities will roll out fresh stimulus measures next month amid the threat of US imposed tariffs.

IF THE TIDE RAISES, ALL BOATS RISE.

The $HSI(HSI)$ surged 2.32% at close, and this momentum is already reflected in premarket trading: $BABA-W(09988)$ is up 2.5%, $NIO-SW(09866)$ 3%, and $JD-SW(09618)$ 4%.

The MSCI Emerging Markets Index rose 0.3%, driven by gains in $TENCENT(00700)$ $MEITUAN-W(03690)$ $MeiTuan - main 2412(METmain)$ and $BABA-W(09988)$

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For the us market, $Direxion Daily FTSE China Bull 3X Shares(YINN)$ $Direxion Daily CSI China Internet Index Bull 2x Shares(CWEB)$ $KraneShares CSI China Internet ETF(KWEB)$ moves higher on pre market.

US-China Dialogue: Is a Spring Coming for China Stocks?
On the 16th, Trump stated that the US and China working together could solve all the world's problems. He made this remark during a press conference at Mar-a-Lago in Florida. "China and the US can solve all the world's problems together. Think about it, it's important," Trump said. Following the news, both Hong Kong and Chinese stocks saw slight gains. Do you believe in a bullish New Year rally for Chinese stocks?
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Comments

  • HRHRHRHR
    11-27
    HRHRHRHR
    Which online source suggests that “fresh stimulus measures” will be rolled out next month?
  • AfraSimon
    11-27
    AfraSimon
    Love this bullish outlook! 🚀 [Heart]
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