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The decline of American indices suggests a lower opening for the Hong Kong index
All three major US stock indices experienced a decline yesterday. According to Hong Kong Ming Pao, the Hong Kong ADR index, when adjusted proportionally, indicates that the Hang Seng index is expected to open 86 points lower than the current level, which corresponds to 26,748 points. During the overnight trading session, trading closed down 228 points at the level of 26,590 points.
Current index quotes demonstrate market volatility amid the global economic situation. The ADR index is used by traders as a key indicator to forecast the opening of trading on the Hong Kong exchange at the start of the day.