$XL2CSOPHSTECH(07226)$ It's a nightmare for HK and China investors indeed!! China rolls out the stimulus package to spur domestic and consumer consumption. However, it really falls short of market expectations. Foreign and local investors start to react negatively over the past 2 to 3 weeks. I am sure that the worst is over for China but the obstacle is US trade barrier how it can impact China trade. Time to reload and start to take up position again. It's just time and will end the next 2 months with a
$XL2CSOPHSTECH(07226)$I’m not sure if the market will rebound, but the drop in the Hang Seng Tech index can be seen as a correction of the sentiment premium built up during the National Day holiday. decline seems to be driven by funds taking advantage of the adjustment mood in the A-share market to short positions. The Hang Seng Tech index’s rebound this year wasn’t fueled by various news events at the end of September; rather, it was supported by the earnings recovery of Chinese companies like Tencent $TENCENT(00700)$ , Alibaba $Alibaba(BABA)$ , and Meituan $MEITUAN-W(03690)$ , along with s
$XL2CSOPHSTECH(07226)$The recent rise is driven by expectations of stronger policies, while the sharp drop after the holiday is related to profit-taking. However, I remain optimistic about this significant adjustment and believe we are likely to see a new rally unfold soon.
$XL2CSOPHSTECH(07226)$I'm optimistic about the sci-tech sector because technology tends to perform well during bull markets. The tech industry is characterized by high growth and innovation, often viewed as a new driver of economic growth. In the context of economic recovery or improved growth expectations, investors become more confident in tech stocks and are willing to assign higher valuations. Tech stocks are highly volatile and resilient, making them attractive to investors when market risk appetite increases.
$XL2CSOPHSTECH(07226)$I believe many new investors who opened accounts during the National Day holiday will be lining up to close them. I’ve deeply felt the impact of today's and yesterday's drops of over 10%. I rarely see such dramatic days; today, in the A-share market, there were even thousands of stocks hitting their daily limits down. New investors are seeing nothing but fear, but I want to tell everyone honestly that tomorrow presents a good opportunity to buy on the dip.
$XL2CSOPHSTECH(07226)$when the Hang Seng Tech Index opened lower, I immediately sold 50% of my position. If it drops below 4550 later, I’ll consider re-entering. I’m hoping the ZZJ meeting in late October will bring some strong fiscal policy news. Otherwise, even if the Hang Seng Tech has a rebound, breaking 5000 slightly would be the limit, and reaching new highs seems unlikely. I’m also worried that foreign capital, which has just returned to the Hong Kong market, might start flowing out again, leading to another significant correction.