Hong Kong stocks experienced a significant pullback, with the Hang Seng Index falling by 12.82%. Industry insiders interpret it this way.
On October 8, the Hang Seng Index fell by 9.41%, and the Hang Seng Tech Index plummeted by 12.82% in a single day. Brokerage analysts stated that the main reason for the decline was the resumption of work in the A-share market, the primary battleground recovery, combined with relatively empty content from the National Development and Reform Commission meeting, which fell below the market's expectations of continued bullish signals being released, leading to foreign capital not seeing clear signs of fiscal stimuli.
Hang Seng Tech Index Gives Up Gains; Last 0.9% Lower at 4652.79
Announcement Highlights | new china life insurance: The net profit attributable to the mother is expected to increase by 95%-115% in the first three quarters; sunac: Sales in the first 9 months decreased by 48.68% year-on-year.
Wuxi Apptec: No decision has been made regarding the sale of its WuXi ATU business; Tencent: Spent 0.703 billion Hong Kong dollars to repurchase 1.56 million shares, repurchase price range is 438.6-474.8 Hong Kong dollars.
U.S. stocks closed: nvidia leads the charge to new highs, with Chinese stocks falling slightly less than Hong Kong stocks.
①Nvidia is holding up the flag for the US stock market, with the S&P 500 index only 10 points away from its historical high; ②The Nasdaq China Golden Dragon Index fell by 6.85%, with Chinese concept stocks slightly lower than Hong Kong stocks overall; ③Microsoft and OpenAI flaunt receiving Nvidia's B200 chip server; ④Research companies predict: Apple may launch a smart ring.
"Emerging Markets Godfather": China's stock market rally will continue, but there is no rush to increase positions after the National Day holiday.
Legendary American investor Mark Mobius, also known as the 'godfather of emerging markets,' stated on Monday that if China continues to introduce measures to support the market, the bullish trend in the Chinese stock market may continue.
"Stock King" Tencent is not short of money.
Manage market cap and assets acquisition simultaneously.
slagyearn : how about tigr![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
152449293 : a good long is ZENA just listed AI solar drone parent company military contracts owns multiple billion dollars company's around the world
152449293 : also they released a ZENA coin something big
RandomTrader_ : imo this is a good and healthy correction. The chinese madness had to stop somewhere, since it surged 20% in less than a week. Now retracing 10% is expected, and I predict another 5% drop tomorrow and it should be back to healthy levels once again. Watched through the CCP presentation today and it seems they dont even know the specifics of stimulus to be put into action.
Bear Bear Craig OP RandomTrader_ : Same sentiments!
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