HK50 Bearish Outlook Despite Slight Rebound in Global Risk Sentiment
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  • Market Insights  >  Trade Of The Day

10 April 2025,06:34

Trade Of The Day

HK50 Bearish Outlook Despite Slight Rebound in Global Risk Sentiment

10 April 2025, 06:34

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Fundamental Analysis:

While global risk appetite has shown slight improvement, the outlook for China-related equity markets remains under pressure. U.S.-China tensions have intensified, with Washington threatening a fresh round of aggressive tariffs. China has responded with a 50% tariff on U.S. imports, effective April 10. In retaliation, the U.S. raised its tariffs on Chinese goods from 104% to 125%, effective immediately. China has yet to issue a formal response to this latest escalation, keeping markets on edge and fueling broader volatility.

Technical Breakout:  

Technically, the HK50 index is trading lower and hovering near a key support level of 19055.00. The MACD is showing increasing bearish momentum, while the RSI is at 29, suggesting the index may continue to decline if it breaks below this level. A confirmed breakout could lead the index to test the next support target at 16515.00.

Potential Risks: The ongoing trade war remains the primary risk factor that could lead to further volatility

Monitoring: Stay updated on potential trade tensions between US and world to gauge the likelihood movement for several asset classes.

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  • Market Insights  >  Trade Of The Day

10 April 2025,06:34

Trade Of The Day

HK50 Bearish Outlook Despite Slight Rebound in Global Risk Sentiment

10 April 2025, 06:34

Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis:

While global risk appetite has shown slight improvement, the outlook for China-related equity markets remains under pressure. U.S.-China tensions have intensified, with Washington threatening a fresh round of aggressive tariffs. China has responded with a 50% tariff on U.S. imports, effective April 10. In retaliation, the U.S. raised its tariffs on Chinese goods from 104% to 125%, effective immediately. China has yet to issue a formal response to this latest escalation, keeping markets on edge and fueling broader volatility.

Technical Breakout:  

Technically, the HK50 index is trading lower and hovering near a key support level of 19055.00. The MACD is showing increasing bearish momentum, while the RSI is at 29, suggesting the index may continue to decline if it breaks below this level. A confirmed breakout could lead the index to test the next support target at 16515.00.

Potential Risks: The ongoing trade war remains the primary risk factor that could lead to further volatility

Monitoring: Stay updated on potential trade tensions between US and world to gauge the likelihood movement for several asset classes.

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

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HK50 Bearish Outlook Despite Slight Rebound in Global Risk Sentiment

13 April 2025 Watch Here

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