
HONG KONG STOCKS JUMP 4.5% CAUSING U.S. YIELDS TO RISE PUTTING PRESSURE ON U.S. STOCKS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Yields Rise Please click here for a chart of China large cap ETF (FXI). Note the following: Stocks in Hong Kong jumped 4.51% as many Chinese cities loosened COVID restrictions over the weekend. The chart shows that the 30% rally over two weeks is now extending. The chart shows FXI is now at the bottom of the resistance zone. For this reason, the move up from here will be more difficult. The price action on the chart shows a positive pattern. The chart shows RSI