Hang Seng Index Finds Support

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As the chart shows, Hong Kong’s Hang Seng Index (Hong Kong 50 on FXOpen) has fallen more than 3% from its 2025 high over the past week. Additionally, reaching a peak near 27,000 points may have prompted long-position holders to take profits, creating a wave of selling. Nevertheless, the chart shows several technical signs suggesting that the market is finding support, and the scope for further declines appears limited. Technical Analysis of the Hang Seng Index ChartMarket movements in September have formed an ascending channel (shown in blue), with support provided by:→ the lower boundary of this channel;→ the psychological level of $26,000;→ the 50% retracement level following the A→B impulse. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.