Asian Markets Fell: Hang Seng Testing Buying Levels

Asian markets closed mostly in the minus. The Hang Seng fell about 1.8% with lurking buyers around and between the previous Quarter’s VAL close level and the current moving DVAL.

Waiting for a bullish day might be the plan for median-term participants.

The hourly perspective is about to test buying levels while under pressure – weak Chinese economic data for August fuelled worries of slowing global economic recovery. Secondly, China’s major banks have been notified by the housing authority that Evergrande Group will miss interest payment due September 20th, says Bloomberg news.

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