---
title: "Weekly Recap | A PANDO BLKC -6.39%, fading after an early pop"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302940271.md"
description: "A PANDO BLKC closed the week at HK$24.30, down 6.39%, while the Hang Seng Index fell 4.52% over the same period, leaving the fund 1.87 percentage points behind the benchmark. The daily chart shows the fund opened Monday at HK$25.80, quickly pulled back to a low of HK$24.50 and closed at HK$24.52. Tuesday saw a small rebound to HK$25.10, but Wednesday and Thursday trended lower again, with Thursday ending at the week’s low of HK$24.30."
datetime: "2026-10-24T04:04:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302940271.md)
  - [en](https://longbridge.com/en/news/302940271.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302940271.md)
generator: "portal-rs"
---

# Weekly Recap | A PANDO BLKC -6.39%, fading after an early pop

## The Week

A PANDO BLKC closed the week at HK$24.30, down 6.39%, while the Hang Seng Index fell 4.52% over the same period, leaving the fund 1.87 percentage points behind the benchmark. The daily chart shows the fund opened Monday at HK$25.80, quickly pulled back to a low of HK$24.50 and closed at HK$24.52. Tuesday saw a small rebound to HK$25.10, but Wednesday and Thursday trended lower again, with Thursday ending at the week’s low of HK$24.30. The move was a clear fade after an early pop, with a weekly range of about 7.05%.

## Sector News

The week’s 50 news items clustered heavily around US tech and AI. GPU/CPU names briefly moved higher in regular trading, but Nvidia received a rare sell rating, and one analyst warned that 45% of AI data-centre capacity planned for 2027 may never get built. Oil topped $116 amid rising Middle East tensions, adding pressure on risk appetite. Amazon’s CEO said AWS cloud capacity is sold out through 2027 while warning that power and memory shortages will persist, capturing the AI capex dilemma between accelerating spend and protecting cash flow. These themes intensified through the week, moving in step with the broader tech sell-off.

## The Week Ahead

Next week brings a dense run of mega-cap tech earnings. Microsoft, Amazon and Alphabet are due to report, with Dan Ives already setting expectations. TSMC just posted record profit but its management struck a cautious tone on 2027, leaving the market split on whether revenue can top NT$8 trillion next year. These prints will drive AI and tech sentiment, which may feed into the volatility of blockchain-themed ETFs. Goldman Sachs also expects one more Fed rate hike in December, making the rate path another key variable for next week.

## In Short

The fund ended the week below its 20-day moving average of HK$27.258 and near the lower end of its recent range around HK$24, while the 60-day average still sits near HK$27.244, leaving short-term technical pressure in place. The sector picture is split: AWS capacity is sold out and hyperscaler earnings are still to come, but the Nvidia sell rating, delayed data-centre builds and the AI bubble debate add supply-side and valuation concerns. The next key tests are whether mega-cap tech earnings validate AI capex, and how the Fed’s rate path affects risk assets.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**