Hong Kong Hang Seng Market Crashes Below 20,000

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Have no fear folks. Russia-Ukraine peace talks will create peace in our time and the world will see the bull market return.

Or not.

The Chinese tech stocks are getting smoked. Foxconn, Apple’s primary supplier in China is shutting down. China and the United States are engaged in a stealth economic war which is about to get hotter should the SEC remove Chinese stocks from US exchanges.

Needless to say, the Hang Seng did not react well overnight, breaching the key psychological and technical support level of 20,000: