Weekly Wrap

Shanghai index has been up for about 30% in past three weeks. Marvelous move. whereas STI has been underperformed obviously. Major indexes weekly performance as in below table.

 Follow SSE index, iShare A50 ETF in hongkong (2823.HK) and United SSE 50 China ETF (JK8) in Singapore outperformed as well.

HSI weekly chart, poised for more upside move, after six weeks consolidation in a narrow range. It may test 25000 level again.

 SSE broken its major downtrend line and turned to upside on super high vol. Further upside move is expected.

 STI on the other hand, hit 3350 resistance and retraced. The three banks and SIA has been lifted up the index.