HONG KONG, 10 September 2025 — The Hang Seng Index Futures (HSIF) extended its winning momentum on Tuesday, posting its third consecutive bullish session as investors rode a wave of positive sentiment. According to RHB Investment Bank, the index climbed 339 points to close at 25,921, consolidating near a psychologically significant level that traders see as the next key resistance.
The trading day began with the HSIF opening at 25,579 points, briefly dipping to an intraday low of 25,524, before rallying strongly to touch a high of 26,034. It eventually settled at 25,921, just shy of the 26,000 threshold. In after-hours evening trading, the futures contract added a further 36 points to 25,957, underlining sustained buying interest even as the session drew to a close.
Technical Setup Supports Further Gains
Analysts observed that the close above prior highs has created a “higher high” formation—an important bullish signal that strengthens the probability of the index testing the 26,000 resistance zone. Should this barrier be breached convincingly, RHB projects the next major target at 27,000 points, a level that could usher in renewed institutional participation.
At the same time, the index is well-supported on the downside. The 20-day and 50-day simple moving averages (SMAs) remain firmly in upward trajectories, reflecting positive medium-term momentum and reinforcing the bullish bias. For risk management, RHB advises traders to maintain their existing long positions, which were initiated at 21,416 points, with a stop-loss placed at 23,800 points.
Support and Resistance Levels in Focus
- Immediate support levels: 23,800 and 23,000 points
- Key resistance levels: 26,000 and 27,000 points
These technical thresholds are expected to guide trading strategies over the coming weeks, with market participants closely monitoring whether the index can build a base above 26,000 to fuel a sustained breakout.
Sentiment Drivers and Market Outlook
Market watchers said the HSIF’s steady climb reflects growing optimism around Hong Kong’s equity outlook, bolstered by recent policy support measures and signs of stabilisation in mainland Chinese markets. The bullish streak is also seen as part of a broader recovery in risk appetite across Asian equities, as investors position themselves ahead of potential U.S. Federal Reserve rate cuts and improved global liquidity conditions.
While analysts caution that resistance at 26,000 remains formidable, the combination of rising SMAs, higher-high formations, and strong closing action suggests momentum remains firmly on the side of the bulls. “As long as the HSIF continues to defend its higher lows and ride the moving averages, further upside toward 27,000 looks achievable,” RHB’s note stated.
For traders, the immediate task will be managing risk while capitalising on momentum, as the Hong Kong futures market inches toward a decisive test of a key resistance level that could set the tone for the weeks ahead.
