HSI failed to follow US markets dramatically rebound after the Christmas holidays and price quickly turned negative to below 25500 from 26000 level as data showed China's industrial profits fell for the first time since December 2015. A weak sentiment still remains intact as US-China Trade War is still a concern to the economy and the rising trade tensions with the US also piled pressure on China's manufacturing sector. On a technical basis, the HSI is likely to test lower support zone at 24500-25000, if this support fails HSI will likely to hit a lower point at 23500 at the first quarter of 2019 which is around 30% drop from the all-time high of 33484.