17 March 2025,01:36
Trade Of The Day
17 March 2025, 01:36
* China’s State Council unveiled a new stimulus plan aimed at boosting domestic consumption, increasing incomes, and introducing a childcare subsidy scheme. The measures include stabilizing stock and property markets, raising the minimum wage, and enforcing paid annual leave. However, the lack of clarity on the stimulus size has left investors cautiously optimistic. A stronger-than-expected package could support the yuan, Chinese equities, and broader global markets, while a weaker one may disappoint.
*Technical Breakdown: The Hang Seng Index rebounded sharply from the strong support level of 23,360.00. MACD indicates diminishing bearish momentum, while RSI at 58 suggests further upside potential. If the bullish trend persists, the index could extend gains toward the Fibonacci expansion resistance level of 24,720.00. However, if the index closes below 23,360.00, further losses toward 22,545.00 could follow.
Understand how technical analysis can help you in this trading opportunity.
A potential U.S.-China trade war escalation may introduce volatility, limiting Hang Seng’s upside potential.
Know how to manage trading risks with risk management strategies.
Watch for developments in U.S.-China trade relations and any shifts in the China stimulus plan, by following PU Prime’s market insights and daily financial news.
Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!
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This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
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