Recently, the market conditions for both the USA and Hong Kong Stocks have been volatile, mainly influenced by news regarding the US-China tariff trade war. When the USA imposed a 104% tariff on China, the market, commonly referred to as the 'black options IG', once dropped to 18,657 points. $Hang Seng Index (800000.HK)$ After the market opened this morning, it briefly fell to 19,260 points, but with rescue policies and expectations of domestic Consumer demand driving the change, the Indices turned from decline to rise, with the Hang Seng Index maintaining the traditional 250-day line.Bull and bear demarcation line.Technically, a 'broken foot piercing head' pattern has emerged.
With higher volatility. $Hang Seng TECH Index (800700.HK)$ Similar.
Relatively, the USA stocks dropped after surging yesterday. $S&P 500 Index (.SPX.US)$ There are also signs of stabilizing. At least the Indices have not fallen into the "Technical bear market", as mentioned earlier, the S&P 500 Indexrefer to 4917 points as the boundary line between prosperity and decline.Similarly, $Dow Jones Industrial Average (.DJI.US)$ The 36,000 pointsis an important line of defense in the "technical bear market" zone. $Nasdaq Composite Index (.IXIC.US)$ and. $NASDAQ 100 Index (.NDX.US)$ The reasoning is also related.
Recently, the stabilization of Hong Kong stocks or US stocks and the ability of the stock market to return to normal will greatly dependon the developments in the trade war and Sino-US relations.In this regard, significant control currently lies with Trump. It is now necessary to determine whether the market has bottomed or will continue to decline...