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Market
Overview:-
Hong Kong stocks fell,
with equity benchmark dropping the most since February, amid concern
the Federal Reserve may raise rates sooner than anticipated.
The Hang
Seng Index slid 1.9 percent to 24,705.36 at the close in Hong
Kong.Volume on the measure was 15 percent higher than the 30-day
average.
The Hang Seng China Enterprises Index, also sank 2.6 percent
to 11,117.89.
MACDs appeared bearish gap again,
showing that momentum was still would be downside.
The Hang Seng
Index is expected to slide further down side till the level of 24500
which is the strong support.
Hang Seng index first support would be
10DMA (24,585), while next support would be 24,000. For resistance,
year high of 25,000 become first resistance, while next resistance
would be seen at 25,250.
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