The battered Hang Seng index is down by more than 1.40%, becoming the second-worst performing index in Asia after Nikkei 225. The index is trading at $24,215, which is its lowest level since June 18. However, the index, which is down by more than 13% this year, could see a rebound in the second half of the year, according to analysts. Let us look at the reasons they are giving.
More in Indices:
- FTSE 100 Retreat After Bank of England Keeps Rates Unchanged Aug 06, 2020, 09:08 BST
- DAX Index Crawls Higher as Bulls Aim for €13,000 Aug 06, 2020, 08:51 BST
- Stellar US ISM Non-Manufacturing PMI Data Sends S&P 500 Index Soaring Aug 05, 2020, 16:11 BST