Standard Chartered: Short-term support for the Hang Seng Index at 19,000 points, target for the S&P 500 index is 6,650 points.

HSBC Wealth Management Global Chief Investment Office released the latest market views, pointing out that the policy decisions announced by President Trump on his first day in office have caused market fluctuations as expected. However, there was not much change in Asian stock markets on Tuesday, with the Hong Kong stock market rising after Trump suspended the imposition of specific tariffs on China. The bank believes that the short-term support level for the Hang Seng Index is 19,000 points, and maintains the basic expectation that the index will be trading between 20,000-22,500 points in the short term. The report mentions that Trump's decision to abolish the requirement for electric cars to make up 50% of new car sales in the US by 2030 has favored traditional energy companies, while freezing unused charging infrastructure funds has affected the electric car and clean energy industries. Technically, HSBC believes that the short-term support level for the S&P 500 index is 5870, followed by 5674. The bank's 12-month target level for the S&P 500 index is 6650. After Trump hinted at the possibility of imposing a 25% tariff on Canada and Mexico before February 1, the US Dollar Index (DXY) recovered from its early losses. The Canadian and Mexican currencies against the US dollar fell by more than 1%, then rebounded. Technical indicators have returned to neutral levels, and as the market awaits Canada's response, the US dollar against the Canadian dollar may trade within a narrow range of 1.42-1.46. In addition, the People's Bank of China set the reference rate for the Renminbi at the highest level since November 8, showing support for the currency. Immediate support is at the 200-day moving average level of 7.2170.