HSI Slides 121 pts; TECHTRONIC Plummets Post Result
Hong Kong equities contracted in the early stages. At open, $Hang Seng Index (800000.HK)$ slid 121 pts or 0.6% to 19,125; $Hang Seng China Enterprises Index (800100.HK)$ dropped 41 pts or 0.6% to 6,571; $Hang Seng TECH Index (800700.HK)$ eroded 36 pts or 0.8% to 4,337.
Tech shares broadly swooned as US President Joe Biden issued an executive order to restrict American investments in high-tech sectors of China. $BABA-W (09988.HK)$ dipped 0.3% $93.8. $TENCENT (00700.HK)$ opened flattish at $337.2. $MEITUAN-W (03690.HK)$ , $JD-SW (09618.HK)$ , $BIDU-SW (09888.HK)$ , $NTES-S (09999.HK)$ and $BILIBILI-W (09626.HK)$ waned 0.9-1.4%. $XIAOMI-W (01810.HK)$ and $KUAISHOU-W (01024.HK)$ slipped 0.2-0.3%.
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Btan : Drop more buy more.
102559790 Btan : u solid....i dry liao. hope tonight BABA gives good ER .
102559790 21-K : i see u like to target him. anyway i am not interest to engage with those who use derogatory words on others.
Btan 102559790 : It is ok. He is anti-Baba and probably anti-China. It is his choice
102559790 Btan : Read some past fiery exchanges here.... main point is should not use derogatory words on others.
Btan 102559790 : Yes, that fellow really pissed off many people by using the F-word and degrading people.
102559790 : bro, we move on. pls share more news on BABA and China related policy eg PBOC's second arrow stuff....i think i should be holding BABA long term.
Btan 102559790 : You can sleep well if you are long. Might be painful as US policy is not friendly towards China. But my personal advice is sell once you make around say 5% margin. Then re-enter when it dips.