Hang Seng Tipped To Remain Rangebound September 17, 2026 — 09:14 pm EDT
Written by RTTNews.com for RTTNews
linkedin email reddit (RTTNews) - The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,600-point plateau although it's expected to reverse those losses on Friday.
The global forecast for the Asian markets is positive on bargain hunting and easing oil prices and treasury yields. The European and U.S. markets were up and the Asian bourses are expected to follow suit.
The Hang Seng finished modestly lower on Thursday as losses from the technology and mineral stocks were mitigated by support from the financial and transportation companies.
For the day, the index slumped 109.49 points or 0.44 percent to finish at 24,604.29 after trading between 24,357.69 and 24,606.15.
The lead from Wall Street is firm as the major averages opened solidly higher on Thursday and remained in the green throughout the session.
The Dow jumped 316.14 points or 0.61 percent to finish at 51,778.0...