Tracker Fund of Hong Kong (HK:2800), an ETF listed in HKSE that moves closely according to the performance of Hang Seng Index had moved about 10 percent since 30th Sept 2015. The fund today closed at $23.55, +1.5%.
The movement of the fund follows very closely to Hang Seng Index. After a few days of trying, Hang Seng Index unable to break above 22800. The cash market today closed @ 22730.93 (+272.13). For October futures, the range of the day falls between 22448-22759 (311), closed @ 22658 (+255), 73 points discount from cash market.
22800 is the immediate resistant for HSI for the time being. If there's any good news from Dow Jones tonight or Dow Jones close above 100 points end of the day, there's a chance we'll see 22800 or perhaps 23000 or higher. If not, we might afraid market moves back to 22000, or lower to 21500.
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