- summary:
- The Hang Seng index fell more than 1 percent after US President Donald Trump’s statements about collective tariff negotiations.
The Hang Seng index fell on Thursday, when investors’ reaction to the clear frequency by US President Donald Trump regarding commercial talks with China was fell on Thursday. The index reached 21,822 points, or 1.1 % in the afternoon session and on its path to capture a winning series of three sessions. However, the SSE compound in China fought from negative emotions, and it has acquired marginal +0.02 %.
The Hang Seng index has not yet been bridged by the gap that was created in early April when Trump announced an unprecedented three -number tariff against China, which took revenge shortly.
Trump mixed signals scare the market
The US President indicated earlier this week that a deal with China was not far and that the definitions against the second largest economy in the world could significantly decrease in the coming days. However, the latest White House statement has disturbed the markets. While investors expected that Trump will significantly reduce the high definitions pending the results of commercial conversations.
However, a statement issued on Wednesday says that any talks will be in conjunction with Beijing, not a single -sided procedure. This has sparked fears that this would prolong the paralysis of commercial conversation, taking into account China’s recent strict position, including the ban on importing Boeing aircraft.
In addition, the Hang Seng index will be subjected to the feelings created by Trump’s threat to form the mutual definitions that were suspended a week ago. The US President announced a temporary stop for 90 days from the definitions, but said on Wednesday that they could return to play within two to three weeks. Top Hang Seng stocks in response to the news, with LI Auto decreased by 2.9 %, JD.com by -6.65 %, and losing Alibaba 2.1 % and BYD decreased by 1.6 %. However, prominent winners included Xiaomi (+0.95 %), and ICBC (+0.54).
Hang Seng Index Prepultion
The momentum on the signals of the Hang Singh Index. The declining procedure may prevail if the resistance persists at 22,030 points. The first support is likely to be 21,620 points, but the control extended by the sellers can take the procedure less for a 21,316 test.
On the other hand, going to 22,030 will indicate a momentum turning to the upward trend. In this case, the first resistance index is likely to find at 22315. If a fracture above this level will nullify the thesis of the negative side. Also, this momentum can extend the gains and test the second resistance at 22,645 points.
