U.S. bond yields surged again, pressuring the broader market, while small-cap robotics stocks saw a sudden rebound, leaving sentiment repeatedly pulled in different directions.
Good morning, comrades!
The Hang Seng Index opened slightly lower and then fluctuated, hovering around the flat line throughout the session. The Hang Seng Tech Index performed even weaker, with tech heavyweights repeatedly under pressure.
Southbound capital inflows today have significantly shrunk. Domestic funds are operating with extreme caution, clearly robbing Peter to pay Paul: on one hand, they are buying high-dividend defensive blue-chips on dips, while on the other hand, they are continuously taking profits and reducing holdings in high-priced chips. Only a small amount of hot money is quietly flowing back into small-cap embodied robotics stocks. AI software stocks are maintaining a narrow range, lacking the funds to drive a rally.
Full-day turnover continued to shrink. Every rebound lacked follow-up from incremental funds. As soon as there was a pull-up, retail investors cashed out and left. Watching the market all day felt like the market was struggling to move, wanting to rise but lacking confidence.
$KINGDEE INT'L(00268.HK) , cost basis 6.35
It opened slightly lower today but quickly stabilized, maintaining a narrow sideways range for the whole day. It didn't follow the broader market's decline during the adjustment.
I was still worried last night that stronger US bonds would drag down AI software. Only after watching the market this morning did I breathe a sigh of relief. With the turnaround performance in the first half as a foundation, institutions won't easily smash the price. Even if market sentiment is poor, there's support.
No plans for any action today, holding the core position with peace of mind.
$QUANTGROUP(02685.HK) , cost basis 14.55
Today's movement directly exceeded my expectations from the morning session. It opened at 13.39 and rose with volatility, hitting a high of 15.38 in the morning, a gain of nearly 7 points by midday, recovering most of the losses from being trapped in the previous few days.
During the early rally, I felt a bit panicked inside, constantly fearing that major players were pumping and dumping. Every upward surge was met with a wave of selling orders. Fortunately, the buying support was sufficient to maintain the upward momentum.
Focus on observing the afternoon volume. If it increases and stabilizes above 15.5, I will appropriately raise the stop-loss. If it turns down on shrinking volume, be prepared to sell.
Pay attention to the afternoon flow of Southbound capital. If they continue to reduce holdings in the tech sector, don't harbor illusions of a major rebound.
Did anyone hold robotics stocks and catch the rebound today? Or are you still holding onto AI software? Share your market-watching feelings in the comments!
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