$HSI(HSI)$ HSI 20K is the key support and confidence level and must hold till year end ❤️ next lower level is 19K and if it broke confidence goes away hedge funds may whack it further lower to 18K...all the best to HSI
Still in huge volatility mode up and down until after USA election and depending on who rule then Chinese government will play their cards accordingly to boost the consumption confidence
Once euphoria feel good flame is extinguished it will be crly wolf one more time and all investment and consumption could be further dented making downward spiral to deflection
Chinese ADRs and ETFs Fall as Stimulus Hopes Wane; YINN Falls 6%; Li Auto Drops 4.3%
They must continue with more concrete detail of current plus introduce new stimulus to keep the stock market flame intact which is the fastest way to generate wealth effect to boost up internal consumption and prop up the GDP
They must continue with concrete detail plus new stimulus to keep the stock market flame intact which is the fastest way to boost up confidence and increase internal consumption to prop up the GDP
PBOC Launches $71 Billion Liquidity Tool for Stock Investors
Chinese SOE stocks are way under value with 8-10% dividend payout it is time for them to reverse to the mean and more upside to go after market opens on Oct 8th