Monday, October 29, 2018

DLC Webcast: HSI is trying to stabilize at 24500 level

Major U.S. indexes finished the week in the red, hurt by a post-earnings plunge in key tech companies Alphabet and Amazon. The S&P 500 fell into correction territory by falling 10% from its recent high. For China, CSRC says China to implement New Share Buyback Rules from 26-Oct, relaxing the conditions for listed companies to buy back shares to support share prices. Hang Seng Index gapped up nearly 200 points and then pulled back to test the bottom support at around 24,500 points level.
Watch the webcast here:

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