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[QUOTE="SOLIDECN, post: 209138, member: 80239"] [JUSTIFY][img]https://i.ibb.co/rxwrLs9/hk50-2.png[/img] [B]The development of the COVID-19 pandemic puts pressure on the position of the asset[/B] The leading index of the Hong Kong Stock Exchange HK 50 is trading in a corrective trend, being close to 21,380. The situation with the development of the COVID-19 pandemic continues to have a key impact on the country's economy. Over the past two weeks, the number of new cases of the disease has begun to seriously increase: at the end of May an average of 220 cases per day was recorded, but yesterday there were detected already 515 new cases. The Hong Kong authorities do not adhere to the "zero tolerance" policy, as in China, but have already warned citizens about the introduction of new restrictive measures. The Hong Kong bond market is trading in almost complete correlation with other major markets and is rising, putting pressure on stock indices. The main 10-year bonds are trading at a yield of 2.782%, while the global 15-year bonds reach 2.991%. Short-term treasuries are also showing an increase: annual bonds reached the level of 1.451%, and two-year bonds are trading at a yield of 2.103%. [img]https://i.ibb.co/Qc8YXNR/hk50.png[/img] On the global chart of the asset, a local Triangle pattern is forming, within which the price has reached the resistance line and is preparing for a reversal. Technical indicators are still in a state of purchase: the histogram of the AO oscillator is trading above the zero level, and the fast EMAs on the Alligator indicator are above the signal line. Support levels: 20,000, 18,100 | Resistance levels: 22,100, 25,100.[/JUSTIFY] [/QUOTE]
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