UPDATE: Signs of fatigue could hit HK casinos – #SaxoStrats
Our short of Galaxy Entertainment entered on October 9 is working out. The Hang Seng index has plunged almost 2%, accelerating into the news out of Spain. Our short Galaxy Entertainment recommendation looks primed for hitting its target if risk-off continues in Hong Kong. It's difficult at this point to gauge whether this sell-off is purely technical or foreign investors are beginning to have second doubts on China after the opening speech yesterday by President Xi.
Hang Seng Index future:
— Edited by Clare MacCarthy