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HSI Closes COVID Gap & Breaks '20 Highs


Quickly revisiting the Hang Seng Index in the wake of the risk-positive price action, yesterday's closing levels represent a closing of the initial January '20 COVID gap lower, with the '20 high subsequently taken out in early Tuesday trade. Bulls now look to 29,480.04, which represents the May 7 '19 high.

Fig.1: Hang Seng Index

Source: MNI - Market News/Bloomberg

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