Hong Kong : More volatility

Filed Under (Finance Help) by Admin on 15-04-2009

The Hong Kong market made a good rally in the past one month especially in the last week of the month following the rally in the US. The HSI climbed 3200 points or 28% from the low of 11344.58 last month to the current level at 14,545.69 and is up for four consecutive weeks. HSI climbed 2,512 points or 20% on-month. The market is generally speculating the recovery in the economy amid better corporate earnings and economic data in the US. Trading volume has increased substantially this month as compared to its previous months.


Weekly HSI chart as at 3 April 2009 using NextVIEW Advisor. Click on chart for larger view.

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