$XIAOMI-W(01810)$ $JD-SW(09618)$ $Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$ $TENCENT(00700)$
Saw a news that JD would be spinning off its entity in a way that has a structure similar to that of Alibaba. Post announcement, JD adr rallied and this brought up hang Seng tech futures as well.
Readers will know that I watch the 4400 points closely and this morning so far, it has gone up to 4395.
I remembered there is an important China data coming out today and if it turns out very positively and strongly, there is a good chance for this to break above 4400 points.
Likewise, if it fails to live up to expectations, then we have to watch out to see if the rally is sustainable.
As always, this should not be construed as any investment or trading advice.
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