Commentary

Trump May Bring More Aggressive Tariff Policies

CSI300 gained 1.9% The CSI 300 rose 1.9% this week on volume below the average and lower than the last week. The market condition was Rally Attempt. The index continued to rally this week, regaining the 21DMA and 200DMA in quick succession. Resistance was at 50DMA and 100DMA. 2Q24 GDP

The Hang Seng Index Failed to Extend Last Week’S Confirmed Uptrend

Hang Seng fell 4.8% This week, the Hang Seng Index dropped sharply by 4.8%, while the Hang Seng Tech Index plunged 6.5%. The declines this week were primarily driven by drops on Tuesday and Friday. On Tuesday, the uncertainty surrounding an important meeting led to cautious sentiment and a dominant

The Index Rallied Strongly

CSI300 gained 1.2% The CSI 300 rose 1.2% this week on volume above the average and higher than the last week. The market condition was Rally Attempt. The index rallied strongly this week and is trying to break above the 21DMA. Support lies at the July 9 low of 3,385.

Despite No Positive News over the Weekend

Hang Seng raised 2.8% This week, the Hang Seng Index rose by 2.8%, and the Hang Seng Tech Index increased by 5.2%. Despite no positive news over the weekend, the gains this week were mainly driven by significant rises on Thursday and Friday. Thursday’s increase was primarily due to the

Over the Weekend, the Market Was Not Impacted by Significant Negative News

Hang Seng raised 0.5% Monday of this week marked the establishment anniversary of the Hong Kong Special Administrative Region, resulting in a one-day closure of the Hong Kong Stock Exchange. The Hang Seng Index rose by 0.5% this week, while the Hang Seng Tech Index increased by 1.2%. Over the

Market Sentiment Is Subdued

CSI300 dropped 0.9% The CSI 300 fell 0.9% this week on volume below the average and lower than the last week. The market condition was Downtrend. The index continued to fall this week, with support turning to the February 2 low of 3108. The official manufacturing PMI for June came