Wear new shoes, walk the old path

It seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.

【Securities Researcher: "Information involving tax assessments for related high-tech companies" only indicates stricter assessments, not a blanket ban】

This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about "tax assessments for related high-tech companies" circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.

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