HSI futures are showing resilience amid global rate cut expectations. As of the latest session, they’re holding around 17,720, with turnover indicating increased participation from foreign funds. Investors are pricing in improved Q3 corporate earnings from mainland-linked firms. Hong Kong' s Hang Seng index rose 0.95%, while the Hang Seng Tech Index added 2.38%. Shares of China's Zijin Gold skyrocketed over 60% in their Hong Kong debut. Hang Seng futures have broken above resistance at 24,050 following the latest batch of positive trade headlines, leaving the index on track for a potential retest of the March highs.
Those eying longs could buy dips towards 24050 with a stop beneath the level for protection. Both RSI (14) and MACD are trending higher without flashing overbought signals, favouring a bullish stance.
Given how far the price has already run on Wednesday, the preference would be to wait for better entry levels rather than chasing the move higher.
Good luck!
DS After a mild dip yesterday, HSI futures rebounded to 17,740, tracking regional tech share strength. Investors are monitoring U.S. inflation data for cues on global liquidity trends affecting emerging Asian markets.
