Futures on the Chinese equity index listed in Hong Kong are up more than 3% today, returning to the 9,150-point area after bouncing off the EMA200 and moving back above the EMA50 (orange line). At the start of the year, emerging markets (EM) – led by China – are performing strongly, supported by expectations of a weaker US dollar index and a broader trend toward diversification away from “expensive” Wall Street equities.
Shares of China’s Baidu jumped more than 9%, while the company’s chip unit (Biren) debuted on the Shanghai exchange, surging by around 400% on its first day of trading. Investors are now watching whether the upcoming listing of Kunluxin can replicate that success. A broad benchmark of Chinese tech stocks gained more than 4%, led by Chinese Big Tech names such as Alibaba, Baidu, JD.com, Xiaomi, and Bilibili.
CHN.cash (D1 timeframe)
Looking at the Hang Seng futures chart (CHN.cash), we can see a strong return to the broader uptrend. However, the current level may still act as a significant resistance zone, given the upper boundary of the descending channel and the EMA50 (orange line) on the daily timeframe.
-
Support: around 8,850 points (previous price reactions, EMA200)
-
Resistance: 9,150–9,200 points
A breakout above this range could potentially open the door for a move toward 10,000 points in the first half of 2026.
Source: xStation5
US Open: A Powerful Start to the New Year for Nasdaq!
BREAKING: US December manufacturing PMI holds at 51.8; eases from 52.2 in November📌
Will institutions spark a cocoa bull run in 2026? 📈 BCOM flows in focus
Wall Street kicks off 2026 in the green 🗽US100 jumps 1%
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
