gentle Humm
commented on a stock · Nov 16, 2022 09:11
$Hang Seng Index (800000.HK)$ Entering November, the Hang Se...
$Hang Seng Index (800000.HK)$Entering November, the Hang Seng Index has rebounded by 24%, and the Hang Seng Tech Index has risen by 32%. According to China's brokerage reports, it is generally believed that when the market's key index rises by more than 20% from its recent low point, it is considered to have entered a "technical bull market".
In light of this, it seems that the Hong Kong stock market, which has experienced continuous and fierce sell-offs, has entered a "technical bull market." In addition, according to data from Wind, as of the close on November 14th, the total market value of the 30 constituent stocks of the Hang Seng Tech Index has rebounded to 8.433 trillion Hong Kong dollars, with a cumulative increase of over 1600 billion Hong Kong dollars since November. For most investors, the most intuitive proof of the bullish Hong Kong stock market is the continuous inflow of southbound funds since this year, especially the uninterrupted net inflow for more than 20 consecutive trading days recently, which has strengthened the bullish expectations. Recently, there has been a continuous large influx of southbound funds, obviously with the intention of bottom fishing for leading companies in industries such as internet, pharmaceuticals, and new energy autos.$KUAISHOU-W (01024.HK)$$BABA-W (09988.HK)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
gentle Humm OP Peter YCS : Hong Kong is the financial center of the world. According to the current situation, it is difficult to say.