HanSeng Index
It has rallied close to 40% in last one month. Whereas Brazil, Japan ,Korea indices have lost >10% in last one month.
Hang Seng Index -Is it China re-opening trade ?
But Shanghai Composite Index not giving clear signals of a bull run.
It seems that Hang Seng index mainly consists of China tech compnies and that have lost most of the value in last few months and now some recovery is happening.
Weekly Chart
HSI has crossed over 40 WMA as well as has broken out of last 10 months falling trend-line.
Daily,Weekly, Monthly MACD are in buy zones .
It is important to keep a close watch on China. While US and Europe are near recession zones, China re-opening can help the global demand to remain in positive zone .
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