海通国际近期指出，强势美元的影响下，亚太市场普遍下跌；恒生科技由于前期涨幅过大，自10/7高点已跌20%，回调幅度已经足够。由于互联网巨头大部分都已跌去9月下旬至10月初的一半以上的涨幅，后续港股的止跌反弹还是需要互联网的反弹，特别是三季报业绩和四季度指引超预期的公司。Hengke indicated that the decline increased by nearly 3%. Among the constituent stocks, weighted technology stocks generally fell. Ali fell nearly 5%, and the stock price is currently negative for seven consecutive days. As of press release, Alibaba-W (09988) fell 4.5% to HK$80.6.
The Zhitong Finance App learned that the decline in the Hengke Index increased by nearly 3%. Among the constituent stocks, weighted technology stocks generally fell. Ali fell nearly 5%, and the stock price is currently negative for the time being for the time being. As of press release, Alibaba-W (09988) fell 4.5% to HK$80.6; Tencent (00700) fell 1.77% to HK$400.4.
According to the news, the US dollar index rose to 107.18 on November 22, a new high since October 2023. Everbright Securities pointed out that Trump's 2.0 policy proposition will still create a strong US dollar situation, but considering that the risk of US inflation is manageable and the Federal Reserve's core goal is to stabilize employment, the liquidity pressure on Hong Kong stocks is less under the channel of US interest rate cuts. Since 24 years, China's domestic demand has been insufficient and is more dependent on exports. The new round of tariff policies is expected to advance faster, wider in scope, and more intense than the previous round. The impact on China's exports and economic fundamentals is more obvious than in the Trump 1.0 era.
Haitong International recently pointed out that under the influence of a strong US dollar, the Asia-Pacific market has generally declined; Hang Seng Technology has fallen 20% since the 10/7 high due to excessive increases in the previous period, and the correction is sufficient. Since most of the internet giants have fallen to more than half of their gains from late September to early October, the subsequent rebound in Hong Kong stocks still requires a rebound from the Internet, especially companies that reported results for the third quarter and exceeded expectations in the fourth quarter.
