Hong Kong Shares Slide After Weekend Violence
MarketPulse | Jan 20, 2020 12:29AM ET
h3 Index snaps a two-day streak/h3
In an otherwise rather dull Asian morning session today, the biggest mover was the HongKong33 index which struggled after another flare-up at protests during the weekend. While most other indices benefitted from the latest move on Wall Street to record levels, the local index slid 0.38% to 28,961, after earlier touching the highest since May 8 last year. Today’s move snapped a two-day winning streak and could mark the 29,200 mark as a crucial resistance level.
HK33 Daily Chart
Currencies steady
With U.S. markets closed later today for Martin Luther King Day, and China markets having one eye on the Lunar New Year holidays starting at the end of the week, activity in the markets was quite muted, especially so in the currency markets.
EUR/USD traded 0.08% higher while the Australian dollar out-performed with gains of 0.14% versus the U.S. dollar and 0.16% versus the Japanese yen. AUD/USD has snapped a two-day losing streak and rebounded ahead of the 55-day moving average at 0.6868.
AUD/USD Daily Chart
A sparse calendar
It’s a slow start to the week on the data front with Japan’s industrial production and capacity utilization data for November the major event left. These are final readings for the month and the provisional ones showed a 0.9% m/m decline and a 4.5% drop, respectively
German producer prices probably rose 0.1% m/m in December, a marginal increase from the flat reading the previous month.
Original Post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.