---
title: "【Zhenzhuo Institutional View】Tech stock adjustments dragged down the S&P 500, while the Hong Kong Stock Connect recorded a net inflow of HKD 18.57 billion on Monday."
description: "Market Review Today, the S&P 500 index closed down 37 points or 0.6%, reflecting market concerns about profit-taking in tech giants and expectations that the Jackson Hole meeting might signal a de"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/33145812.md"
published_at: "2025-08-20T02:11:13.000Z"
author: "[真灼财经](https://longbridge.com/en/profiles/1067948)"
---

# 【Zhenzhuo Institutional View】Tech stock adjustments dragged down the S&P 500, while the Hong Kong Stock Connect recorded a net inflow of HKD 18.57 billion on Monday.

**Market Commentary**

The S&P 500 index closed down 37 points or 0.6% today, reflecting market concerns about profit-taking in tech giants and expectations that the Jackson Hole meeting may signal a delay in future rate cuts. Palantir plunged after being shorted by Citron Research, highlighting concerns about overvaluation of AI-related stocks, while Intel's support from SoftBank shows that capital flows are still active in tech sub-sectors. Overall, this wave of tech stock corrections not only affects index trends but also suggests that the market's risk alert for high-valuation growth stocks is gradually increasing, and investors may readjust their asset allocation to adopt more conservative defensive strategies.

The Hong Kong Stock Connect recorded a net inflow of HKD 185.7 billion on Monday, with the Tracker Fund (02800.HK) seeing the largest net inflow of HKD 70.7 billion, followed by the Hang Seng China Enterprises Index (02828.HK). On the other hand, East Buy (01797.HK) recorded the largest net outflow of HKD 5.1 billion, followed by SMIC (00981.HK).

Source: KGI Securities

### Related Stocks

- [SOBKY.US - SoftBank](https://longbridge.com/en/quote/SOBKY.US.md)
- [INTC.US - Intel](https://longbridge.com/en/quote/INTC.US.md)
- [SFTBY.US - SoftBank](https://longbridge.com/en/quote/SFTBY.US.md)
- [PLTR.US - Palantir Tech](https://longbridge.com/en/quote/PLTR.US.md)
- [04335.HK - INTEL-T](https://longbridge.com/en/quote/04335.HK.md)

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