February 6, 2024

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.
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