Hang Seng Index Testing 23-Year Rising Trend Line

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Lengthy-Time period Grasp Seng Month-to-month Chart.

Amidst the on-going issues about COVID, inflation and a potential vitality disaster, we even have China to fret about.

That’s, the Chinese language inventory market. And specifically, the .

For the previous few month, we have now heard worries concerning the world financial system and supply-chain points. Nicely, we managed to layer in one other main concern this month with the over-sized Chinese language funding agency Evergrande teetering getting ready to default. This has despatched Chinese language shares tumbling decrease.

At present, we have a look at a long-term month-to-month chart of the Grasp Ship Index.

As you possibly can see, the highly effective Chinese language inventory market index is testing 23-year rising pattern line help. And on the similar time, it’s additionally nearing its 2016 and 2019 help at (1).

What the Grasp Track Index does right here will ship a vital message to shares and buyers around the globe. Keep tuned.

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