Asian markets continue to remain under pressure. And ahead of this week has yet to publish a rather interesting report. In particular, Tuesday’s impact on the dynamics of the benchmark can provide data on China‘s trade surplus. Dynamics of export of China‘s tightly correlated with the growth of industry. Therefore, the weak data on the trade balance may be an additional signal in favor of the deteriorating situation in the manufacturing sector of the country. On the negative prospects for the industry have signaled data on business activity. PMI came in at 47.3, a foothold in the area of recession (below 50.0). All this can put pressure on the HSI.
In the area of 20398 level quotes to form a support. The breakdown below this level could trigger increased activity of “bears.” In addition, the 50-interval moving average also confidently directed downwards, reflecting in favor of maintaining the downward trend.
|Hang Seng chart|
Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.