In trading on the Hong Kong stock exchange last week (7-11 September), Hang Seng has strengthened significantly enough. Hang Seng scored its highest level at 21,322.55 level for the last year on September 10, 2009. Since the beginning of September 2009, Hang Seng began to rebound after a period of consolidation in the last month. On September 7, 2009, Hang Seng Index opened at 20,502.85 level and moving toward the level of 21,196.75 during the week which is the highest level in August 2009. Level is penetrated on September 10, but the Hang Seng rising short-lived and could drop to as low as 21,020.92 on September 11. At the end of trading last week, Hang Seng closed at 21,161.42 levels The results of the meeting of G-20 two weeks ago stating that they are not going to stop stimulusnya program, has provided a positive impetus to the stock market to rise again in early September of this. China Economic Data for the period of August was released at the end of last week also helped boost the movement of Hang Seng, recorded factory production in China rose 12.3% in August 2009. Currently, the bank - the world's central banks are experiencing the dilemma of when to tighten monetary policy, because if too soon would hinder the recovery. But if such a loose policy now left too long, the recovery is happening ditakutikan unstable and can cause further recession. Therefore, the current capital market movements is not clear, and need in anticipation of the volatile movement for the week. In opening this week, the Hang Seng opened 319.83 points lower to 20,841.59 level. According to analysts of Vibiz Vibiz Research Consulting, Hang Seng this week likely to test the support level at 20,220. Hang Seng may continue through penguatannya if resistancenya at 21,530 level. |