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.

cls.cn22:40 ET

Goldman Sachs released three heavyweight research reports over the weekend: downgrading the forecast for US recession, expecting the Chinese stock market to rise by another 15% to 20%.

Goldman Sachs' stock strategy team believes that the US large cap stocks can rise by another 4.3% to 6000 points by the end of the year, as the possibility of a US recession has decreased, allowing the Federal Reserve to only reduce interest rates by 25 basis points each time. Their AP strategic team has upgraded the rating of Chinese stocks to "shareholding" and is bullish on the potential boost to valuation from large-scale stimulus measures.

wallstreetcnOct 7 18:53 ET

Who is buying Hong Kong stocks and what are they buying?

Foreign capital is an important incremental fund for the current rise in the Hong Kong stock market, preferring the consumer and information technology sectors.

wallstreetcnOct 3 01:34 ET

How to Capitalize on the Ongoing Bull Market for Chinese Stocks

Noah JohnsonOct 1 03:32 ET

China's stock market is booming across the board! Goldman Sachs: both long funds and hedge funds are buying heavily.

Long-term investors mainly focus on buying consumer and financial stocks, while hedge funds perform particularly well in financial stocks. Both types of investors show a clear 'fear of missing out' sentiment, with foreign hedge funds focusing on baijiu and electric vehicle battery sectors.

wallstreetcnSep 30 03:46 ET

The 'Action Plan' for promoting the entry of medium and long-term funds into the market is released! Each of the five major categories of long money has its own arrangement.

1. "Long-term and long-term investment" has received guiding opinions, with two departments offering three major measures; 2. What are the obstacles for mid-to-long-term funds entering the market? How to break through? Each of the five categories of funds has new highlights.

cls.cnSep 26 07:47 ET