As we mentioned yesterday the Hang Seng has now fallen over 10% in just a few weeks but as we’ve seen repeatedly in 2020-2021 when things look their worst investors should consider fading the move. Yesterday the index bounced strongly after reaching our identified target area adding weight to our bullish stance. MM likes the HKD48bn Hang Seng Index ETF-HKD (2833 HK) to gain broad exposure to this index.
MM likes the Hang Seng Index at current levels.
