Asian stocks roll higher, led by underdog superstar Hang Seng index
- Asian equities are broadly higher on the day as investors try to shake off trade war rhetoric.
- Hong Kong's Hang Seng index has had a stellar run the past month, clearing over its counterparts and neighbors handily.
The Pacific-Asia market session is largely seeing gains, and Hong Kong's Hang Seng index has quietly taken top spot for equities in the Asian market sector, climbing over 7.00% in the past month, even as its counterpart Shanghai bourse struggles to remain upright, nearly flat for a similar period.
Japan is firming up for Wednesday, with the Nikkei 225 up nearly 1.10% for today, with the Tokyo Topix index climbing 0.60%. Emerging markets remain fairly well-bid, with the MSCI broad Asia-Pacific(excluding Japan) index up nearly 0.40% for Wednesday, while investor confidence in the Australian region remains off-balance, with the ASX 200 index off a scant -0.06%.
In China, the Hang Seng index has climbed 0.90% for today, bringing the index's one-month total to almost 7.5%, with the Shanghai CSI 300 in the green for an impressive 1.25% for the day, although the Shanghai bourse's losses in the previous months sees the index barely above the waterline, sitting at 0.07% for the month.
Hang Seng Technical Levels
Hong Kong
Overview:
Today Last Price: 26585.5
Today Daily change: 2.3e+4 pips
Today Daily change %: 0.865%
Today Daily Open: 26357.5
Trends:
Previous Daily SMA20: 25908.7
Previous Daily SMA50: 26124.3
Previous Daily SMA100: 26990.76
Previous Daily SMA200: 28716.03
Levels:
Previous Daily High: 26426.5
Previous Daily Low: 26135
Previous Weekly High: 26385
Previous Weekly Low: 25421.5
Previous Monthly High: 27716.5
Previous Monthly Low: 24455
Previous Daily Fibonacci 38.2%: 26315.15
Previous Daily Fibonacci 61.8%: 26246.35
Previous Daily Pivot Point S1: 26186.17
Previous Daily Pivot Point S2: 26014.83
Previous Daily Pivot Point S3: 25894.67
Previous Daily Pivot Point R1: 26477.67
Previous Daily Pivot Point R2: 26597.83
Previous Daily Pivot Point R3: 26769.17