Hello Cryptoworld!
Today 7 April, when I took a look of the market on morning, I was surprised to see a big gab down in the Hong Kong Stock Market. I did a post related to it, and how happy I felt that I did touch my small amounts of Cryptos to enter back into the HKS-market after January 2025 when it was crazy Bullish.
It looks like today has passed to history in the Hong Kong Stock Market, the largest decline in a single day (Monday 7 April 2025): -13.22%, getting down the 20,000 and finished the day at 19,828.31 points.
Hang Seng Stock Index began to trade on 24 November 1969. It contains 82 companies, which represent 58% of the capitalisation of the Hong Kong Stock Exchange.
If we take a look of big declines moments of HSI:
Historical large single-day declines of the HSI, some notable ones include:
- October 27, 1997 ("Black Monday"): During the Asian Financial Crisis, the HSI fell approximately 13.7%
- October 24, 2008: During the Global Financial Crisis, the HSI dropped around 8.3%
- March 23, 2020: During the COVID-19 pandemic market crash, the HSI fell about 4.9%
In this chart I did 3 months cadles, then we can appreciate the chart since 1987, year beginning the historic in Trading view.
When it passed the 20,000 points (Jan-2025) I was expecting it could come back into the 18,000 points area before to continue over the 21,000 points. It continues bullish making me feel FOMO, lucky that I didn't touch any fragment of my Cryptos to enter into that FOMO.
If I am lucky, a couple of PUTs for Xiomi would give me back some profits. Anyway, better to stay cautious.
That’s all for now my friends!
Thank you for your support!
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