Equityworld Futures-In early trade Hong Kong stock exchange on Thursday (27/10), the Hang Seng index opened weak, when it was observed down -55.48 points or -0.24 percent at 23076.87. The weakening of the Hang Seng index hampered by weakness on Wall Street.
US stocks closed lower in late trading Friday morning (28/10) with caution investors kept close watch on corporate earnings results and economic data, also depressed real estate sector which slumped 2 percent. The Dow Jones Industrial Average fell 29.65 points, or 0.16 percent, to end at 18,169.68.
The S & P 500 fell 6.39 points, or 0.3 percent, to close at 2,133.04. The Nasdaq index fell 34.29 points, or 0.65 percent, to 5,215.97.
In trading this morning, shares fell is the Link REIT shares were down -2.14 percent, shares of China Resources Power Holdings Co. Ltd. fell -1.79 percent, shares of Wharf Holdings Ltd / The down -1.20 percent, stocks Lenovo Group Ltd. fell -1.19 percent, shares of New World Development Co Ltd fell -1.13 percent.
While the movement of the Hang Seng index futures this morning tracked down -85.00 points or -0.37% at 23,059.00, down from the previous closing at 23,144.00.
Equity Analyst Research Center estimates that the movement’s Hang Seng index further potentially weak with a decline on Wall Street, will also look at the economic development of China. Technically, the Nikkei index will move within the range of 22.742 to 22.492 Support and Resistance range from 23.351 to 23.648.