The Hong Kong Hang Seng Index had a rough week, down 7.9%, and as the chart shows, the long term 50% Fibonacci support was broken.
In Asia, Japan's Nikkei 225 fell 159.15 points, or 1.4%, to 11, 309.13, while in Hong Kong the Hang Seng index closed down 400.74 points, or 1.7%, at 22, 906.67.
But in 1997, everybody gave up on Asia, and from August 1998 when the Hang Seng in Hong Kong was at 7, 300, it rallied by March 2000 to 17, 400.
In Japan, the Nikkei 225 share index closed down 515.8, or 2.9%, lower at 17, 604.1, while in Hong Kong the Hang Seng index fell 496.36, or 2.5%, to 19, 716.5.
There was some strength in Hong Kong however, where the Hang Seng Index was up 0.4% to 20999.05, as Hong Kong listed Chinese companies outperformed.
In Asia, Hong Kong's Hang Seng dropped 2.5%, and South Korea's Kospi lost 1.2%.
Hong Kong's Hang Seng index recovered from Wednesday's 8 percent plunge, gaining 2.7 percent by midday.
Japan's Nikkei index closed up 1%, and Hong Kong's Hang Seng closed up 2.7%.
The Hang Seng Index in Hong Kong gained 0.2%, while the Shanghai Composite rose 0.6%.
But Hong Kong's Hang Seng rose sharply, by 2.1%--that was largely thanks to China.
Hong Kong's Hang Seng swung between gains and losses to flatten out at 21, 661.08.
The Shanghai Composite was down 0.6%, while the Hang Seng Index in Hong Kong was flat.
Weakness in Chinese companies helped the Hang Seng Index in Hong Kong fall 0.9% to 22890.60.
Hong Kong's Hang Seng closed 3.8 percent higher, and Japan's Nikkei closed up 3.4 percent.
Hong Kong's Hang Seng Index spent much of the morning trying to stay positive.
Hong Kong's Hang Seng Index traded up 2.4% at 17, 671.54 before the midday bell.
Company earnings continued to be a focus in Hong Kong with the Hang Seng Index up 0.1%.
The Shanghai Composite Index slipped 0.4% in the mainland and Hong Kong's Hang Seng Index was flat.
The Shanghai Composite Index slipped 0.3% in the mainland and Hong Kong's Hang Seng Index was flat.
Hong Kong's Hang Seng Index ended 1.6% higher at 20439.14, bringing its winning streak to five sessions.
Hong Kong's Hang Seng Index ended down 0.5% at 22, 282.19, while the Shanghai Composite fell 0.1% to 2, 299.25.
Hong Kong's Hang Seng Index climbed 0.3%, to 20741.45, while China's Shanghai Composite Index slipped 0.4%, to 2396.32.
Hong Kong's Hang Seng Index also shed 0.5%, dropping 2.8% for the week, to near a two-month low.
Hong Kong's Hang Seng Index and India's Sensex index both hit 52-week highs, climbing 0.6% and 1.2%, respectively.
Japan's Nikkei Stock Average fell 0.5% for a third-straight day, and Hong Kong's Hang Seng Index shed 1%.
Hong Kong's Hang Seng Index slumped 1.4%, down 1.2% on the week and six of the past seven.
Hong Kong's Hang Seng fell 0.4 percent to 23, 729.53 while South Korea's Kospi shed 0.1 percent to 1, 961.94.
The Hang Seng index in Hong Kong opened over 2% lower to 19, 285.
Company earnings continued to be a focus in Hong Kong with the Hang Seng Index up 0.2% at 22, 580.77.
Hong Kong's Hang Seng Index added 2% to 20739.45, and the Shanghai Composite Index also gained 2%, to 2312.56.
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