The Hang Seng Index continues to face downward pressure as tensions between the U.S. and China intensify. Investor sentiment took another hit after President Trump issued a renewed threat to impose a 50% tariff on April 9th should China fail to remove its retaliatory 34% tariffs. This escalating standoff between the world’s two largest economies remains the primary driver of market volatility and investor caution, weighing heavily on Hong Kong equities.
Technical Breakout: HK50 is currently trading lower and testing a critical upward trendline and support level at 18,960.00. MACD shows increasing bearish momentum, while RSI has dipped sharply, signaling continued selling pressure. A confirmed breakout below this level may push the index further down toward the next support at 16,965.00. However, failure to break below could trigger a technical rebound toward the resistance level of 21,385.00.
Potential Risks: Trade war uncertainty continues to dominate headlines, with potential to trigger deeper declines across global equity markets.
Monitoring: Stay updated on potential trade tensions between US and world to gauge the likelihood movement for several asset classes.
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The Hang Seng Index continues to face downward pressure as tensions between the U.S. and China intensify. Investor sentiment took another hit after President Trump issued a renewed threat to impose a 50% tariff on April 9th should China fail to remove its retaliatory 34% tariffs. This escalating standoff between the world’s two largest economies remains the primary driver of market volatility and investor caution, weighing heavily on Hong Kong equities.
Technical Breakout: HK50 is currently trading lower and testing a critical upward trendline and support level at 18,960.00. MACD shows increasing bearish momentum, while RSI has dipped sharply, signaling continued selling pressure. A confirmed breakout below this level may push the index further down toward the next support at 16,965.00. However, failure to break below could trigger a technical rebound toward the resistance level of 21,385.00.
Potential Risks: Trade war uncertainty continues to dominate headlines, with potential to trigger deeper declines across global equity markets.
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
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.