Capital flow | North Water significantly increased its position in Alibaba by over 4.5 billion Hong Kong dollars, continuously selling Xiaomi for four days.
Track the latest dynamics of southbound capital.
Trending Stocks Today: BYD COMPANY Inches up 5.72%
Trending Industry Today: KUAISHOU-W Leads Gains In ChatGPT Stocks
【Special Contributor】Option Jack: How far can this wave of rising in Hong Kong stocks go?
Gold Woo Financial News | Since the low of 18,671 points on January 13, the Hang Seng Index has risen by 19%, and the market is describing it as entering a 'technical bull market.' Although it is believed that a bull market does not occur during a downturn cycle, this is still viewed as an important upward wave. Looking at the multiple upward waves over the past four years, such as the lift of over 8,000 points from the low in November 2022, and the upward wave from September to October 7 last year, which gained over 6,000 points, this upward wave has also increased by more than 3,600 points so far. With this level reached, it can be said that fluctuations are significant, and a correction wave could destroy many Hold Positions.
DeepSeek has emerged, and Chinese Technology stocks have surged! Citibank: the market is not yet overheated.
Citigroup Analyst believes that since the beginning of the year, the QITABANKUAI in China has indeed seen an increase in congestion, primarily due to the rise of technology stocks, which has boosted overall valuations and improved market sentiment. However, if excluding the weight stock Xiaomi Group, it can be found that although the QITABANKUAI in China has a higher congestion compared to other sectors, it is still not the most congested sector, indicating that this sector has not yet overheated.
BOCOM INTL: Hong Kong stocks/Chinese concept stocks will continue to benefit from the value reassessment brought about by technological innovation.
BOCOM INTL expects stable growth in performance for sub-industries including OTA/gaming/e-commerce, while the performance of advertising/lifestyle services/entertainment companies is varied.
