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      CHINAH to be jolted by China’s big tech titans

      CHINAH to be jolted by China’s big tech titans
      1. Edge Account
      2. Market Analysis
      3. CHINAH to be jolted by China’s big tech titans
      • FXTM Chinah down over 2% MTD
      • Geopolitical tensions continue to weigh on risk assets
      • Alibaba and Tencent make up almost 15% of the index
      • Key levels of interest 9050, 8350 and 8250


      FXTM’s CHINAH has shed over 2% month-to-date due to the overall risk-off mood.

      The deepening conflict in Iran has placed global markets on high alert, with investors offloading risk assets like hot potatoes.

      Over the weekend, the conflict raged on as the US attacked Iran’s main export.

      Note: CHINAH tracks the Hang Seng China Enterprises Index


      WHAT COULD MOVE THE CHINAH THIS WEEK?

      Beyond geopolitical risk, earnings from Chinese tech giants Alibaba and Tencent could spark fresh volatility.  

      Alibaba is the LARGEST constituent in CHINAH making up 7.5% of its weight while Tencent makes up 7%, bringing the total to 14.5%.


      • The growing hype around AI software OpenClaw has boosted interest in Tencent and Alibaba.


      • Both companies have released services for the software that manage multiple tasks that previously only a human could do.


      • OpenClaw is an open source, self-hosted AI agent that could automate tasks 24/7.


      Tencent 

      When: Wednesday 18th March.

      Lowdown: Tencent shares are down over 8% YTD with Q4 earnings growth expected to cool amid geopolitical and economic headwinds.

      Implied 1-day: 3.5% either up or down (after earnings release)

       

      Alibaba

      When: Before markets open on Thursday 19th March

      Lowdown: Alibaba shares have lost almost 8% since the start of 2026

      Implied 1-day: 4.3% either up or down (after earnings release)


      POTENTIAL SCENARIOS:

      The CHINAH is down nearly 3% year-to-date and is currently in a bearish channel.


      BULLISH: A solid breakout above 8250 may encourage an incline toward the next resistance at 9050.


      BEARISH: Weakness below 8250 may trigger a decline toward 8350.

      China
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