Hong Kong’s Cling Seng experienced its best month considering that 1998, but stays in bear industry territory

Vital Details

Hong Kong’s benchmark index soared 26.6% in November – the Hold Seng index’s best regular monthly gain due to the fact Oct 1998, or near the conclude of the Asian economical crisis 24 decades in the past.
But the index even now sits in bear market place territory, which is defined as down 20% from a current substantial, standing at a loss of 20.45% loss calendar year-to-date as of Dec. 2.
Right after its November gains, the Hold Seng index hovered close to 18,600 – a degree of resistance in accordance to current market watchers.

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