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  • Asian equities are broadly higher on the day as investors try to shake off trade war rhetoric.
  • Hong Kong’s Hang Seng index has had a stellar run the past month, clearing over its counterparts and neighbors handily.

The Pacific-Asia market session is largely seeing gains, and Hong Kong’s Hang Seng index has quietly taken top spot for equities in the Asian market sector, climbing over 7.00% in the past month, even as its counterpart Shanghai bourse struggles to remain upright, nearly flat for a similar period.

Japan is firming up for Wednesday, with the Nikkei 225 up nearly 1.10% for today, with the Tokyo Topix index climbing 0.60%. Emerging markets remain fairly well-bid, with the MSCI broad Asia-Pacific(excluding Japan) index up nearly 0.40% for Wednesday, while investor confidence in the Australian region remains off-balance, with the ASX 200 index off a scant -0.06%.

In China, the Hang Seng index has climbed 0.90% for today, bringing the index’s one-month total to almost 7.5%, with the Shanghai CSI 300 in the green for an impressive 1.25% for the day, although the Shanghai bourse’s losses in the previous months sees the index barely above the waterline, sitting at 0.07% for the month.

Hang Seng Technical Levels

Hong Kong

Overview:
       Today Last Price:  26585.5
       Today Daily change:  2.3e+4  pips
       Today Daily change %:  0.865%
       Today Daily Open:  26357.5
Trends:
       Previous Daily SMA20:  25908.7
       Previous Daily SMA50:  26124.3
       Previous Daily SMA100:  26990.76
       Previous Daily SMA200:  28716.03
Levels:
       Previous Daily High:  26426.5
       Previous Daily Low:  26135
       Previous Weekly High:  26385
       Previous Weekly Low:  25421.5
       Previous Monthly High:  27716.5
       Previous Monthly Low:  24455
       Previous Daily Fibonacci 38.2%:  26315.15
       Previous Daily Fibonacci 61.8%:  26246.35
       Previous Daily Pivot Point S1:  26186.17
       Previous Daily Pivot Point S2:  26014.83
       Previous Daily Pivot Point S3:  25894.67
       Previous Daily Pivot Point R1:  26477.67
       Previous Daily Pivot Point R2:  26597.83
       Previous Daily Pivot Point R3:  26769.17