The Hang Seng dropped 2.60% to 23,972.29 after reopening, with tech and financial shares leading the selloff.
@herasoover.bsky.social
@herasoover.bsky.socialThe Hang Seng dropped 2.60% to 23,972.29 after reopening, with tech and financial shares leading the selloff.
@herasoover.bsky.socialThe Hang Seng ended lower even as mainland China’s PMI data returned to expansion, showing that stronger economic signals have yet to fully lift Hong Kong sentiment.
@herasoover.bsky.socialHang Seng index rebalancing triggered major passive fund flows across Hong Kong. Tech-heavy sub-index changes also drove fresh activity in derivatives and covered-call products.
@herasoover.bsky.socialHong Kong bucked the regional selloff, with the Hang Seng rising 0.54% to 24,642.51. The gain ended a multi-day losing streak.
@herasoover.bsky.socialThe Hang Seng has fallen below its 50-day and 200-day moving averages, keeping the near-term trend weak despite pockets of strength in chips and pharma.
@market-ocean-en.bsky.socialreflects CNOOC itself, the oil price, or the dollar. For a holder in Frankfurt or Milan, the answer depends on which of those layers moves next. #CNOOC #HongKongStocks #CurrencyRisk
@herasoover.bsky.socialIs tech putting the Hang Seng back on firmer ground?
The Hang Seng gained 0.6% as tech shares jumped 2.2%, helped by softer oil prices and easing Treasury yields.
#HangSeng #HangSengTech #HongKongStocks #TechStocks #BondYields #AsiaMarkets #MarketNews