Early Morning Trend | PSBC experiences a decline on reduced volume, is a break in the outflow of funds about to come?

Postal Savings Bank of China (1658.HK) continued to decline with reduced volume on January 8, showing significant capital outflow, with the day mainly characterized by a wait-and-see approach. The banking sector currently lacks macroeconomic positives, and the regulatory requirements for credit and capital adequacy ratios have taken effect, leading to a reallocation of funds within the sector. The main trading pressure is driven by selling, putting short-term valuation under pressure. Liquidity pressures are emerging in some regional banks and are transmitting to large-cap banks, further impacting market confidence. Technically, multiple moving averages are pressing down, with HKD 4.96 being tested multiple times intraday but failing to stabilize. The MACD is weakening in sync, and the volume-price relationship is negative. There are no obvious signs of short-term replenishment, and the risk of accelerated rotation in the sector remains. Strategically, it is advisable to pay attention to signals of major players replenishing or policy easing; without substantial positives, continued capital outflow or intensified divergence may occur, and short-term risks need to be taken seriously