Hong Kong stocks and shares led Asia decrease on Wednesday,

Hong Kong Marketplace Overview: -

Hong Kong stocks and shares led Asia decrease on Wednesday, as result of profit booking. This Hang Seng Catalog dropped 1. 4% as well as closed at 23176. 07 due to China released softer-than-expected August inflation data, while using the consumer-price index in place 2. 3% balanced with an expected a couple of. 4%. Index closed about 2 week reduced with highest lack of 365. 31 factors during last a couple of week.

Technically index is looking quite strong on chart and it also can again bounce back on the support of 23000. RSI continues to be trading above its 14 DMA. MACD line supporting above it signal line along with expanding of bullish gap further northward movement is seen in the Catalog. Hang Seng list can test next resistance amount of 24000 as it's got given break out of major resistance mark of 23600. Index is still sustaining above 50 DMA as well as 200 DMA having appearance of fantastic cross. Hang Seng list has immediate support of 23000, whilst next support could at 22800.

TOP GAINERS

Name	Closing	% Change
BELLE INT'L	8.790	0.34%
MENGNIU DAIRY	36.050	0.28%
COSCO PACIFIC	10.940	0.18%
KUNLUN ENERGY	12.100	0.17%

TOP LOSER

Name	Closing	% Change
SINO LAND	12.460	-4.15%
TENCENT	121.200	-3.27%
SANDS CHINA LTD	57.250	-2.88%
CHINA RES POWER	22.200	-2.84%
BANK OF CHINA	3.490	-2.79%

INDICATORS:-

MACD Line is placed above its single line. 

RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.

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