China Targets Offshore Trusts with New Tax Regulations
📊 0700.HK — Piyasa Yorumu
▼ down · 60%China has announced new tax regulations targeting offshore trusts, potentially creating uncertainty for major technology stocks with offshore structures. Technically, the price is above the 20-day moving average but below the 50-day moving average, indicating a short-term resistance zone. The RSI is neutral at 52.5, while the MACD is above the signal line but still in negative territory. In the short term, a downward move is expected due to the negative perception created by the tax regulation news and technical resistance.
📊 9988.HK — Piyasa Yorumu
▼ down · 65%China has announced new tax regulations targeting offshore trusts, potentially creating uncertainty for major technology and internet companies with offshore structures. Shares of 9988.HK fell 2.35% in the last 24 hours, with the RSI at a neutral 50. The MACD remains in negative territory and below the signal line, indicating short-term weakness. While the price is trying to stay above the 20-day moving average, it is trading below the 50-day average. The news of the tax regulation could further trigger downside momentum given the existing technical weakness.
📊 BABA — Piyasa Yorumu
▼ down · 60%China's announcement of new tax regulations targeting offshore trusts sends a negative signal for Chinese companies structured overseas, such as BABA. Technically, the price closed below the 50-day moving average (115.93), and the MACD remains in negative territory, confirming short-term pressure. Although the RSI is neutral at 54, the bearish trend may persist. The 1.2% decline over the past 24 hours likely reflects the impact of the news. In the short term, the 20-day moving average (113.52) should be monitored as a support level.