Hang Seng TECH Index

I agreed that “ China has a Rough Return From the Holiday”. It has also had a rough economy expansion of 4.5% in the third quarter🤭. It is slightly above forecasts but still below the government's 4.5%–5% annual target. 😖

Strong exports remain the key growth driver, offsetting weak domestic consumption and a sluggish property sector.

I pray for the government to come out with stimulus package to spur the economy further. Hang Seng tech and hang Seng index need further push to go higher. It has been bearish for quite some time since early 2026😣.

$Hang Seng TECH Index(STECH.HK)

falling every day

In my view, the current job numbers will likely put a pause on Fed rate hikes. Oil prices remain a major concern for geopolitics and inflation. This Thursday’s Fed meeting minutes will give us clearer insight into their stance on further rate hikes and the outlook ahead.

Meanwhile, the Hang Seng Tech Index has dropped around 26.85% It looks far more attractive now. Big names like Alibaba, Tencent, Trip.com and BYD are trading at deep discounts. On the other hand, the US markets keep hitting all-time highs.

Does this gap feel right to you?🙄🙄🙄🙄

Hang Seng Tech will take time to recover from the recent sell-off. I see both U.S. and China relations are set to boost bilateral trade. With Beijing approval for Alibaba and ByteDance to purchase Nvidia’s RTX Pro 5500, more deals should follow. It is a good move.

Furthermore, a reciprocal USD 30 billion tariff cut plus an AI dialogue starting in November show the world that both sides are acting to reduce tensions. This is good news for smaller nations such as Singapore. Don’t you agree? Coming Christmas, it could be a good deal for American as they can buy cheaper toys for their children ☺️.

S-REITs have been falling like nobody business and they are starting to look really attractive. 😍

I feel the fear everywhere. If you guy got time take a look at CFA REITs and CLR 🤭. Have been dropping sharply too.

Hang Seng Tech is following the same path. The market temperature is 29 degree now 🤭. Not warm not hot 🤣.

I think this shift began when the BOJ and Fed raised their rates. Institutional funds are repositioning their investments fund. Money is likely flowing into high yield treasuries that are risk free compared to REITs. I expect more volatility ahead. Trade with care. Remember today is Friday. Don’t over trade 😁.

$MINIMAX-W(00100.HK)$Z.AI(02513.HK)

💥 Chinese AI Stocks CRASH ~25% - 4 Catalysts Behind the Meltdown!

Leading Chinese AI players Z.AI and MiniMax just had their worst week since listing. Both fell roughly 25% in a sharp, synchronized drop.

Four negative catalysts hit all at once.

1️⃣ US Geopolitical Accusations

US intelligence agencies accused both firms of large-scale model distillation from US frontier AI models. This raises serious geopolitical risks.

2️⃣ Price War Heats Up

DeepSeek launched its ultra-low-cost V4.1 Flash model below 1 cent per million tokens. A brutal price war threatens profit margins across the whole sector.

3️⃣ Big Dilution for Z.AI

Z.AI announced a ~US$5 billion capital raise via discounted shares and convertible bonds. This creates roughly 10% dilution pressure.

4️⃣ Valuation Cuts on Wall Street

Jefferies lowered Z.AI’s cloud valuation from 50x to 30x after H1 results showed widening net losses.

With combined first-half losses near HK$5.1 billion, the market is shifting fast. It is moving away from hype and now demanding real revenue, clear monetisation and sustainable margins.

What do you think about this sector re-rating? Will you start accumulating Chinese AI stock into your portfolio?

Not financial advice. Do your own DD☺️