The “trade war” waged by US President Donald Trump against the United States’ major economic partners, especially China, seems to increasingly impact foreign stock markets.
While Wall Street reached new highs recently, the China stock market lost almost USD 1.000 billions YTD and Cyceon found out that the technical analysis of the monthly charts of the Hong Kong Hang Seng Index (HSI) shows potential for consolidation.
In the meantime, China exports growth slowed and the turnover of the Shanghai stock exchange shrank to 4-year low, possibly an indication of a loss of investors’ interest in the Chinese market; at least for some time.
This looks like a warning sign similar to the one observed in 2015 but for different reasons.
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