The message lacks any clear bullish signals, and if it had been delivered when the Hang Seng Index (HSI) was at 23,000, investors would have likely dismissed it as lacking substance, triggering a sell-off. However, when the same message emerges with the market sitting just above 19,000, the interpretation changes. Investors, fueled by the fear of missing out (FOMO), begin covering their short positions. Additionally, the expectation that concrete measures may be announced soon adds a layer of optimism. This combination of timing, market psychology, and the potential for future action creates a self-fulfilling recovery.
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