If you think silicon-based is too risky and want to look at carbon-based, you should still be cautious about bottom-fishing in Chinese internet stocks in Hong Kong. Pharmaceutical leaders are relatively at low points and have the potential to emerge first.$XIAOMI-W(01810.HK)$BEONE MEDICINES(06160.HK)$INNOVENT BIO(01801.HK)
0526 | Dolphin Research Focus: 🐬 Macro/Industry. 1) The US and Iran reached a framework for an MoU; Iran would reopen the Strait of Hormuz within 30 days of signing, the US would unfreeze $12bn of Iranian assets, and both sides would implement a ceasefire.
This would significantly ease near-term Middle East tensions and stabilize the global energy supply chain (about 30% of crude flows through the strait). It supports a pullback in oil and a rebound in energy stocks.However, the arrangement is temporary and does not address core issues such as Iran's nuclear program. Longer-term execution remains uncertain.2) Hang Seng Indexes Company announced the results of its regular quarterly index rebalancing. ...