Hang Seng

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Hang Seng

The city's GDP growth for 2024 was cut to 2.5% from an earlier estimate of 2.8%, while growth is expected to slow to 2.3% from 3.0% in 2025. Cautious traders braced for the result of a key policy meeting in China after a pledge from the Politburo to support the economy on Monday lacked detailed measures. 

On Wall Street, shares closed lower Tuesday, with US-listed shares of Chinese firms down over 4% after China opened a probe into potential antimonopoly law violations by chipmaker Nvidia Corp. 

(News Source: tradingeconomics)

Plan A: Long if market supported firm above 20,117. Targets are 20266/20478. Take reasonable stop loss for each trade. 

Plan B: Short if market resilient to 20,478. Targets are 20,260/20,110. Take reasonable stop loss for each trade. 

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