Hong Kong Stock Rally May Have Gone Too Far, Indicator Shows
This article is for subscribers only.
The stellar rally in Hong Kong stocks may be overdone, according to one technical indicator.
The 14-day relative strength index for the Hang Seng gauge has stayed above 70 — a level which indicates the measure is in overbought territory — for most of this month. The benchmark last breached the milestone in January 2023, after which it fell 16%.