17-09-2024, 01:56 PM
(16-09-2024, 10:56 AM)sgbuffett Wrote: Watch 17K level.
Despite weekend release of lousy China econkmic data showing slowdown across the board, market is muted today
Although i am LONG HSI I have not added to my original positions and I am not optimistic of anything improving in China economy.
The main factor is US rate cuts. and strengthening of Yuan. These 2 factors will counter the weak china economy which is a well known thing and discounted by the market already.
HSI has rebounded to 17700 from 17000.
Like last time it nears 18K I expect it be unstable and experience profit taking.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.