HANG SENG INDEX closed Friday at 19,627 after four straight days of drops

Friday at a glance: HANG SENG INDEX slides down 0.59% to close at 19,627 Friday.

Bollinger Bands® shows an indication of recovery: the lower band is at 19,474, a low enough level to, generally, suggest that Hang Seng is trading below its fair value.

Technical analysis shows that HANG SENG INDEX (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, KOSPI Composite Index is down to 2,475.42, losing 15.58 points, after ending the previous session around 2,491.

Other assets are showing positive performances as Nikkei climbs 0.9% Friday and closed at 29,127. FTSE ascends 0.31% Friday and closed at 7,730.58.

HANG SENG INDEX has fallen back around 13% over the past 3 months, from a notable high of 22,700.