Will the Hang Seng Index fall further?
$HSI(HSI)$ 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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Wouldnt bet for it to recover anytime soon now that trump is the elect president
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