6 March 2025,01:56
Trade Of The Day
6 March 2025, 01:56
* HK50 surged after Chinese authorities pledged aggressive stimulus measures to support economic growth. At the National People’s Congress (NPC), China reaffirmed its 5% GDP growth target for 2025 while introducing policies to boost domestic consumption, including subsidies, pension increases, and financial support for families. These measures come amid deflation concerns, a prolonged property slump, and new U.S. tariff hikes. Investors are closely watching further stimulus announcements, especially after the recent rally in Chinese tech stocks fueled by AI startup DeepSeek.
*Technical Breakout: HK50 is trading higher after breaking above the previous resistance level of 22,820.00, with MACD illustrating increasing bullish momentum.
* Resistance and Support: If the bullish momentum persists, HK50 could extend gains toward 25,690.00. However, a close below 22,820.00 may trigger a technical correction, with the index edging lower toward 20,460.00.
Understand how technical analysis can help you in this trading opportunity.
Despite stimulus efforts, uncertainties around the property sector and ongoing U.S.-China trade tensions could add volatility to the equity market.
Know how to manage trading risks with risk management strategies.
Stay updated on China’s economic policies, U.S.-China trade developments, corporate earnings in the Chinese tech sector, and broader equity market trends, by following PU Prime’s market insights and daily financial news.
Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!
Open Your Free Demo Account And Start Trading Risk-Free
Join Now
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
