Hong Kong Stock Market Faces Uncertainty Amid Middle East Tensions

Hong Kong's stock market experienced volatility last week due to external factors. According to Ming Pao, Kwok Sze Chi, Vice Chairman of the Hong Kong Stock Analysts Association, stated that the ongoing tensions in the Middle East have contributed to an uncertain market outlook for March. The market remains under pressure, leading to a reverse order in the moving averages. Currently, the arrangement of the moving averages from top to bottom is the 50-day, 100-day, 20-day, 10-day, and 250-day lines. This data indicates that the market is still in a state of fluctuation and is attempting to find a bottom.