Risk-on sentiment sees HANG SENG INDEX posting 2.06% gain

After closing the previous trading day at 18,916, HANG SENG INDEX is up to 19,300, which makes for a move of 2.06%/383.57 points today.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.

Overall, looking at the technical analysis landscape, it seems HANG SENG INDEX might continue pointing upwards in the short term.

Other markets are also showing gains as Nikkei surges 1.7% to trade around 33,753. KOSPI Composite Index ascends 1.49% to trade around 2,602.47. ASX 200 goes up 0.59% to trade around 7,246.

The index has been trending positively for about a month. Approximately 5 months ago, HANG SENG INDEX reached a significant high of 22,700 but has struggled to hold onto its gains and declined 16.63% since then.