HSTECH Rallies 2.6% on Technical Rebound
$HSTECH(HSTECH)$ +2.6% at mid-afternoon on what appears to be technically-driven rally off oversold levels for many CN tech names.
The index was off 14.6% from its recent highs as of yesterday. Today advancing despite weaker than expected Caixin Services PMI for June.
$KraneShares CSI China Internet ETF(KWEB)$ $Alibaba(BABA)$ $Alibaba(09988)$ $PDD Holdings Inc(PDD)$ $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ $JD.com(JD)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ $NIO Inc.(NIO)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $Li Auto(LI)$ $LI AUTO-W(02015)$
Image
These AI-generated news/analysis on equities can be hilarious at times. $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ is up 32% YTD and up slightly over 52 weeks. Institutional investors may adopt severe steps after Bilibili latest 14% drop adds to a year losses
https://x.com/BrianTycangco/status/1808383927692021953
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
