Hong Kong 33Short
Chinese bond defaults will weigh down the Hang Seng.
Updated
It is entering the corrective cycle.
Trade active
If the index crosses 26,000, it could go all the way down to revisit 25,300 or even 25,000. There should be short term rebound but buy cautiously. If China economy continues to show cracks and the trade war continues unabated, we can consider entering only after it has touched 24,800.
However mainland chinese are more likely to enter the market and buy in at around 25,000. Watch for buying interests. The HK companies though dependent on China customers, are seen by Chinese investors as more diversified than those listed on Shanghai and Shenzhen. Their buying interest would provide support in the Hang Seng.
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