What’s driving up HSTECH?
$HSTECH(HSTECH)$ on fire today +3.6%. What’s driving up shares?
News today of CSRC seeking to institute reforms in $NASDAQ(.IXIC)$ -style STAR market could be leading to speculation that HK listed tech stocks will be allowed to raise capital in STAR.
CSRC looking for better quality companies opens the door for $Alibaba(BABA)$ $Alibaba(09988)$ $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ $JD.com(JD)$ $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ et al to list in the mainland.
This is just me thinking out lout of course. Plus HSTI has nearly reached oversold levels. Great bounce off the 200day MA.
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https://x.com/BrianTycangco/status/1803333477699559592
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