The graph below shows the market observed price movements of the Hang Seng Index (HSI) from late June 2019 to mid-August 2019. The graph is relevant to answer the question below. Line Chart HSI Index 95) Compare 96 Actions - 97) Edit. 06/24/2019 - 08/13/2019 - Last Px Local CCY Mov Avgs Key Events 1D 3D IM 6M YTD 1Y SY Max Daily 7 11 Max Daily Table Track Zoom 2525130 22000 Chart Content Last Price High on 07/02/19 28875.56 22LS Low on 08/13/19 25283020500 O 27800 27000 26500 26000 25500 25000 M 2019 Late June Aug 2019 Mid August In late June 2019, an asset manager had a portfolio worth $5mil, and the portfolio was structured to mimic the HSI. August-maturity HSI futures contracts were priced at around 28,500. During this time, trade tensions continued in the US and protests in Hong Kong were ongoing, giving rise to significant uncertainty in global markets. The asset manager took a short position in the August-maturity HSI futures in late June 2019 and she held both the portfolio and the HSI futures until maturity in mid-August 2019. Which of the following was the most likely outcome for the asset manager in mid-August 2019? She suffered a loss from her portfolio and also a loss after closing out the futures contract. O She suffered a loss from her portfolio but made a gain after closing out the futures contract. She made a gain from her portfolio and also a gain after closing out the futures contract. O She made a gain from her portfolio but suffered a loss after closing out the futures contract