Expect Hong Kong Market to Recover for 15-30 Trading Days from June 1, 2023
Hang Seng Index Possibly Reaching 20,000-21,000
Previous Hong Kong market corrections usually lasted around 80 trading days. The current correction since January 27 is 84 trading days. Coincidence?
Previous relief rallies after corrections usually lasted 15-30 days. Now it’s only 5 trading days since the June 1 trough. Patience.
I think the current recovery is chugging along with the Hang Seng Index possibly reaching 20,000-21,000. Not much visibility after that.
Keep reading with a 7-day free trial
Subscribe to Daily Reflection on China to keep reading this post and get 7 days of free access to the full post archives.