OFG

The Week

Weekly closing price and percentage change for FLCH.US were not available for this period. The latest quote shows the fund at $20.55, slightly above the prior close of $20.54, with a narrow range between $20.33 and $20.62 during the week. The overall move was a quiet, range-bound one.

Sector News

The week started calmly before a sharp rally in Hong Kong stocks on Thursday, when the Hang Seng Index jumped 877 points and turnover reached HK$356.6 billion. Tencent and Alibaba led the advance, with Tencent’s Hy4 model drawing buy ratings from multiple brokers. Friday brought a heavy sell-off in US tech, with the Nasdaq down more than 5%, dragging Hong Kong stocks lower; the Hang Seng eventually fell 315 points, though mainland banks bucked the trend and CCB hit a record high. Sector rotation was violent, with traditional internet names and banks holding up better than AI hardware.

The Week Ahead

US macro data will be the focus next week. CPI and core CPI are due on Tuesday, 10 November, with forecasts pointing to 3.9% and 2.8% year-over-year respectively. Wholesale sales arrive on Monday and the NFIB small business optimism index on Tuesday. Combined with this week’s sharp swing in US tech, these releases could keep volatility elevated for China-linked ETFs.

In Short

Chinese tech showed clear divergence this week: a powerful rally in Tencent and Alibaba on Thursday gave way to a global AI sell-off on Friday, while banks outperformed as a defensive trade. The latest session shows large-lot money acting as a net seller, with mid and small lots more active, and turnover around 0.55% suggests limited participation. The key variables ahead are the pace of repair in US tech and Tuesday’s US CPI, which will determine whether China-linked ETFs can find direction.

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