Chinese stocks are on a roll, particularly tech stocks. That’s helped the Hang Seng to the best levels since October, breaking the November and December highs today.
That’s a nice looking chart that points to a re-test of the October highs.
That said, China stocks look to be inching towards a main-stream trade which is a red flag.
This article was written by Adam Button at www.forexlive.com.
Related Articles
US CPI data due Wednesday, here are the ranges of estimates (why they’re crucial to know)
Earlier previews of the PCI data due today are here:More on what...
SEK traders heads up – Riksbank Deputy Governor Aino Bunge speaks on Wednesday
0900 GMT / 0400 US Eastern time:Riksbank Deputy Governor Aino Bunge will...
Reserve Bank of New Zealand preview – likely the final 50bp interest rate cut
ANZ have published their forecast for the RBNZ meeting on Wednesday 19...
Bank of Japan Governor Ueda will monitor the impact of US tariff and immigration policies
Bank of Japan Governor Ueda says will monitor the impact of US...
Leave a comment