News

Asian stocks roll higher, led by underdog superstar Hang Seng index

  • Asian equities are broadly higher on the day as investors try to shake off trade war rhetoric.
  • Hong Kong's Hang Seng index has had a stellar run the past month, clearing over its counterparts and neighbors handily.

The Pacific-Asia market session is largely seeing gains, and Hong Kong's Hang Seng index has quietly taken top spot for equities in the Asian market sector, climbing over 7.00% in the past month, even as its counterpart Shanghai bourse struggles to remain upright, nearly flat for a similar period.

Japan is firming up for Wednesday, with the Nikkei 225 up nearly 1.10% for today, with the Tokyo Topix index climbing 0.60%. Emerging markets remain fairly well-bid, with the MSCI broad Asia-Pacific(excluding Japan) index up nearly 0.40% for Wednesday, while investor confidence in the Australian region remains off-balance, with the ASX 200 index off a scant -0.06%.

In China, the Hang Seng index has climbed 0.90% for today, bringing the index's one-month total to almost 7.5%, with the Shanghai CSI 300 in the green for an impressive 1.25% for the day, although the Shanghai bourse's losses in the previous months sees the index barely above the waterline, sitting at 0.07% for the month.

Hang Seng Technical Levels

Hong Kong

Overview:
    Today Last Price: 26585.5
    Today Daily change: 2.3e+4 pips
    Today Daily change %: 0.865%
    Today Daily Open: 26357.5
Trends:
    Previous Daily SMA20: 25908.7
    Previous Daily SMA50: 26124.3
    Previous Daily SMA100: 26990.76
    Previous Daily SMA200: 28716.03
Levels:
    Previous Daily High: 26426.5
    Previous Daily Low: 26135
    Previous Weekly High: 26385
    Previous Weekly Low: 25421.5
    Previous Monthly High: 27716.5
    Previous Monthly Low: 24455
    Previous Daily Fibonacci 38.2%: 26315.15
    Previous Daily Fibonacci 61.8%: 26246.35
    Previous Daily Pivot Point S1: 26186.17
    Previous Daily Pivot Point S2: 26014.83
    Previous Daily Pivot Point S3: 25894.67
    Previous Daily Pivot Point R1: 26477.67
    Previous Daily Pivot Point R2: 26597.83
    Previous Daily Pivot Point R3: 26769.17

 

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