The Hang Seng China Enterprises Index of mainland stocks traded in Hong Kong is set to advance to levels unseen since May, according to Phillip Futures Pte.
The gauge’s 50-day moving average climbed above its 100-day measure on Sept. 30, forming a so-called golden cross for the first time in a year, according to data compiled by Bloomberg. The gauge advanced about 21 percent from this year’s low on June 25 through Sept. 19, a rally that some traders consider entering a bull market, amid signs China’s economy is improving. Since then the index has fallen 4.1 percent and is 9.1 percent below a high reached in May.
