hangsengindex
The Hang Seng index has suffered a harsh reversal in the past few weeks as demand for Chinese equities. It is nearing a correction zone after crashing by almost 10% from its highest level this year. It was trading at H$17,720, its lowest swing since May 2nd. Xiaomi stock price implodesThe Hang Seng index has plunged recently as most constituent companies retreated. Notably, Xiaomi share price has moved into a bear market as it dropped by 205 from its highest point this year. Xiaomi has dropped because, as I predicted, its entry into the electric vehicle industry will likely be more costly in t...
Invezz
The Hang Seng index has staged a strong recovery this year as investors bought the dip in Chinese equities. It has moved into a bull market as it jumped by over 28% from its lowest level this year. It is also hovering near its highest swing since August 2023. China equities bottomedHang Seng is not the only Chinese index that is in a strong bull market. China A50 has soared by over 18% from its lowest swing this year. The same is true with other popular indices like the Shanghai and Shenzhen composites. This performance is happening as signs emerge that the property market and the Chinese econ...
Invezz
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