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HK Equities Surge Higher, Erase Friday Sell-Off, China Equities Lag

ASIA STOCKS
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Hong Kong and China equity are higher today with Hong Kong equities outperforming today. Investors are breathing a sign of relief after seeing no escalation of tensions in the middle east. There has been little in the way of market headlines, while China kept the LPR rates steady. Focus this week will turn to corporate earnings, with a light economic calendar for the remainder of the week

  • Hong Kong equities are surging higher today with the HSTech Index up 2.30% sellers are still in control with the index trading below all Major EMA levels, while the 14-day RSI sits below 50 although it is off lows, the Mainland Property Index up 2.40% there has been little news in the sector of the past week, while the HSI is up 2.35% and is now testing the 100-day EMA with a break here setting up a retest of the 200-day EMA at 17,266. China Mainland equities are underperforming this morning, with the CSI300 up 0.40% the index has been rangebound since early Feb trading between the 100 & 200-day EMA, small-cap indices are mixed with the CSI1000 up 0.40% while the CSI2000 is unchanged.
  • China Northbound saw an outflow of 6.48b on Friday, momentum has been decreasing over the past week with the 5-day average at -1.33billion, while the 20-day average sits at -1.36billion yuan.
  • The US House passed legislation compelling ByteDance to divest its ownership stake in TikTok, linking it to an aid package for Ukraine and Israel, amidst concerns about data privacy and Chinese propaganda, with ByteDance intending to exhaust legal challenges before considering divestiture.
  • Looking ahead, HK CPI Composite On Tuesday & Trade Balance on Thursday
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Hong Kong and China equity are higher today with Hong Kong equities outperforming today. Investors are breathing a sign of relief after seeing no escalation of tensions in the middle east. There has been little in the way of market headlines, while China kept the LPR rates steady. Focus this week will turn to corporate earnings, with a light economic calendar for the remainder of the week

  • Hong Kong equities are surging higher today with the HSTech Index up 2.30% sellers are still in control with the index trading below all Major EMA levels, while the 14-day RSI sits below 50 although it is off lows, the Mainland Property Index up 2.40% there has been little news in the sector of the past week, while the HSI is up 2.35% and is now testing the 100-day EMA with a break here setting up a retest of the 200-day EMA at 17,266. China Mainland equities are underperforming this morning, with the CSI300 up 0.40% the index has been rangebound since early Feb trading between the 100 & 200-day EMA, small-cap indices are mixed with the CSI1000 up 0.40% while the CSI2000 is unchanged.
  • China Northbound saw an outflow of 6.48b on Friday, momentum has been decreasing over the past week with the 5-day average at -1.33billion, while the 20-day average sits at -1.36billion yuan.
  • The US House passed legislation compelling ByteDance to divest its ownership stake in TikTok, linking it to an aid package for Ukraine and Israel, amidst concerns about data privacy and Chinese propaganda, with ByteDance intending to exhaust legal challenges before considering divestiture.
  • Looking ahead, HK CPI Composite On Tuesday & Trade Balance on Thursday