$Direxion Daily FTSE China Bear 3X Shares(YANG)$
Due to continuous foreign capital sell-offs and various unspeakable objective reasons, the Hong Kong stock market has plummeted since the beginning of the year, with valuations now lower than the historical lows.
Analyses that focus on high interest rates and the safety of the CSI 300 are essentially nonsense. The valuation of the Hong Kong stock market is already shockingly low, yet these analysts do not seem to be allocating funds there.
Even so, no one dares to buy.
Under the dual pressures of a liquidity crisis and unspeakable reasons, the market is still falling.
Saving the Hong Kong stock market has a demonstrative significance and effectiveness that surpasses that of boosting stocks like Kweichow Moutai. It carries more moral legitimacy and correct value orientation. Moreover, it is more efficient—spending a little to achieve a lot, which is much better than singing to oneself.
Yesterday, the market rose slightly at the open but was later dragged down by the A-share market.
Today, the rescue funds were actually buying from the open, which can be seen from the intraday lines of Tencent and China Merchants Bank after the market opened.
Therefore, today, it was actually the Hong Kong stock market that led the recovery of the A-share market.
Of course, the fact that some funds were liquidated yesterday is also an important reason, as the amount of active selling has decreased significantly. Some varieties are beginning to have active trading.
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.
