STOCKS IN CHINA FLYING, LIFTING SENTIMENT IN STOCK MARKETS ACROSS THE GLOBE, AI AND WEIGHT LOSS DRUGS GET HOTTER
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Sentiment Lifting
Please click here for a chart of Hong Kong ETF (FXI).
Note the following:
- Sentiment is lifting in stock markets all across the globe as Chinese stocks fly.
- The chart shows that Hong Kong stocks have broken above the trendline. This is technically a positive.
- The chart shows that Hong Kong stocks appear to be making a higher low. This is technically a positive.
- Stocks in Hong Kong closed up 4% and up 3.2% in Mainland China. Small caps are leading in a sign of optimism.
February 6, 2024