There is still a lot of resistance to the steady rebound in Hong Kong stocks

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There is still a lot of resistance to the steady rebound in Hong Kong stocks

On July 26, it was mostly cloudy, with a few showers, heavy wind and thunderstorms, and the weather was hot. The other night, the US announced that GDP for the next quarter was stronger than expected, slightly easing market concerns about poor corporate performance, and US stocks were reversed. The Dow rebounded after rising 584 points, surpassing 40,000 points, but most of the increase evaporated before closing. The market closed up only 81 poi…