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Hong Kong: The Glass Is Half Full, Time to BUY Beta

David has highlighted this Insight as a Top Pick
2k Views25 Apr 2024 09:44
Buying Beta in Hong Kong tech names is a long term opportunity to participate in a secular bull market.  Technical trading factors are positive and participation is now picking up from mainland buying
What is covered in the Full Insight:
  • Market Overview
  • HSI Breaks Downtrend Channel
  • Tech Sector Performance
  • Trading Dynamics of Large Tech Stocks
  • Foreign Banks Start to Show Interest
Boomeranged on Fri, 4 Oct 2024 08:47
The Hang Seng Tech Index has risen 50% since we published our report at in April. As stated in the insight, the performance of the tech sector in HK is key to the market's overall performance from a technical view. The recent move met resistance at its 60 month moving average at 5250 and now sits at a key support/resistance level of 4900 (100 month MA) and 5000 (100 week MA).
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
EquitiesCross Asset StrategyThematic (Sector/Industry)

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