Last week, Hang Seng and Hang Seng Technology saw significant gains, both rebounding more than 20% from the bottom and crossing the bull bear line. The Hang Seng Technology Index rose 13% in a single week, marking the largest weekly increase in a year. Since peaking in 2021, Hong Kong stocks have rebounded three times and hit the bull and bear line. There were one rebound in April and one rebound in June 2022, but the upward trend ended just after reaching 20%. Only at the end of 2022 did the increase last for nearly two quarters. Is this significant increase sustainable? Does it indicate that a bull market in the Hong Kong stock market is imminent?
Last week, Hang Seng and Hang Seng Technology saw significant gains, both rebounding more than 20% from the bottom and crossing the bull bear line. The Hang Seng Technology Index rose 13% in a single week, marking the largest weekly increase in a year. Since peaking in 2021, Hong Kong stocks have rebounded three times and hit the bull and bear line. There were one rebound in April and one rebound in June 2022, but the upward trend ended just after reaching 20%. Only at the end of 2022 did the increase last for nearly two quarters. Is this significant increase sustainable? Does it indicate that a bull market in the Hong Kong stock market is imminent?