Hong Kong markets tank on intensifying tit-for-tat trade measures
Hong Kong markets tank on intensifying tit-for-tat trade measures between China and the US. Hang Seng Tech Index dropped 3.6% today to close well below the 6,130 support.
We could see further downside of 4% to 9% in the coming days as short-term momentum turns bearish. A correction was always in the cards but it feels worse when you have to take into account the "why" of the selloff, which is ultimately the uncertainty resulting from the heightened trade tensions.
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