Asia Market Quick Primer: TOPIX Lower While Hang Seng Slight Reversal

Asian markets were mixed on Tuesday. TOPIX closed with minus 1.7% lower while the Hang Seng Index trades with a slight reversal up.

Asian markets were mixed on Tuesday. TOPIX closed with minus 1.7% lower while the Hang Seng Index trades with a slight reversal up by about 0.7% after Monday’s drop due to the trouble at China Evergrande. The company needs to pay $83.5 million in interest relating to its March 2022 bond on Thursday. The hourly perspective of the Heng Seng Index might reverse towards the EMA50 or upper VWAP close level to find possible selling pressure.

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