ThinkMarkets - Analytics

    ThinkMarkets

    507.75 4.25/10
    80% of positive reviews
    Real

    Hang Seng falls to five-month low

    Heavy losses continue to be witnessed for the Hang Seng Index. 

     

    The Hong Kong Hang Seng Index has fallen to its lowest point in the last five months in its latest full trading session on Monday (4 April 2016).

     

    Led lower as a result of the decision of credit rating agency Standard & Poor (S&P) to downgrade the nation's credit rating at the end of March, the index has suffered a series of heavy losses in recent days.

     

    The decision saw Hong Kong's sovereign credit outlook cut from stable to negative in a move that was also echoed in China. It has caused widespread downbeat attitudes in markets in the following days.

     

    As a result, the Hang Seng suffered its largest one-day loss since 25 February 2016 on Monday, with a reduction in value for the index of 1.3%.

     

    Elsewhere in Asian market activities, an overriding theme of stability has now built in recent sessions, with neither heavy losses or gains seen across the region - except in Hong Kong.

     

    The Chinese Shanghai Composite Index gained 0.17% in value on Monday despite an ongoing drop in the price of oil (and S&P's rate cut) that could force a reduction in market confidence in the days ahead.

     

    Meanwhile, Japan's Nikkei Stock Average 225 continues to hold firm (down 0.25%) despite ongoing economic pressures and the Australian ASX All Ordinaries Index fell by a marginal 0.07% at the start of the new week.

     

    File under: Asia, CFD, Heng Seng, Japan, Nikkei, Shanghai, ThinkForex, Trading


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree