[Zhenzhuo Institutional View] The US-Iran conflict is expected to last eight weeks or longer, with Stock Connect (for Hong Kong) recording a net outflow of 466 million yuan on Wednesday.
Market Commentary
The U.S. Senate rejected a resolution aimed at restricting Trump's Iran war. On March 4 local time, a majority of U.S. senators supported President Trump's military action against Iran, voting 47 in favor and 52 against to reject a resolution that sought to halt airstrikes and require any hostile action against Iran to be authorized by Congress. The Secretary of Defense expects the conflict could last eight weeks or even longer.
Southbound Stock Connect recorded a net outflow of 466 million yuan on Wednesday. Among them, $CSOP HS TECH(03033.HK) saw the largest inflow, reaching 944 million HKD; followed by $TENCENT(00700.HK) . $BABA-W(09988.HK) recorded the largest net outflow, at 3.459 billion HKD; followed by $CNOOC(00883.HK) .
Source: KGI Securities
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