This one chart says it all: it is the continuous contract of the Hang Seng Index Futures. The downtrend is clear as can be, and a major “lower high” has just completed.
China's Long-Term Downtrend
The Hang Seng Index (HSI) continues its long-term downtrend, recently completing a major 'lower high' on the continuous futures contract. This technical signal suggests persistent bearish momentum remains in control of Chinese equity markets.
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