HK50 Market Analysis: Technical Levels and Trading Outlook – April 12, 2025
The HK50 was dragged down by U.S.-China trade tensions and weak economic data, posting an 8.47% weekly loss, marking its largest decline in recent years. Attention turns to the April 2 U.S. tariff updates and geopolitical risks, with potential for continued volatility in the short term. It's advised to proceed with caution. The key support level at 21,000 points is under pressure.