Bessent: US Goal with China Is to Reduce Risks, Not Decouple

The news signals a easing in US-China relations and could support risk appetite in the short term. However, the stock has fallen 5.6% in 24 hours, with RSI at 34.7 in weak territory and MACD below the signal line; the technical outlook remains under pressure. The price is trading below SMA20 and SMA50, indicating that a recovery may be limited. The impact of the news may be limited to a sentiment-driven relief rally; additional confirmation is needed for a lasting trend change. Short-term slight upward bias, but with low confidence.

US Treasury Secretary Bessent's emphasis on de-risking rather than decoupling in relations with China is a mildly positive signal indicating an easing of geopolitical tensions. 0700.HK has fallen 3.4% in the last 24 hours, dropping below its 20-day SMA, and with an RSI of 39.8 reflects weak momentum; however, the price is near the 50-day SMA (411.6) support zone. Although the MACD is below its signal line, the histogram is narrowing, which may indicate that selling pressure is easing. The news alone is not a strong catalyst; a limited recovery on bargain hunting is possible in the short term. Nevertheless, direction remains uncertain due to macroeconomic uncertainties and the weak technical picture.