Hang Seng Lagging S&P 500
While the S&P 500 sports a small gain for the month of August, the Hong Kong Hang Seng Index ($HSI) is actually down and lagging. The S&P 500 (black) moved above its early August high last week, but the Hang Seng Index (red) formed a lower high. Continued relative weakness in China could be negative for US stocks.
