Yesterday, Hong Kong stocks played a V-shaped rebound. In the morning, it plunged over 400 points at one point, but fortunately, the losses narrowed significantly in the afternoon. Eventually, the Hang Seng Index fell 0.65% to close at 23,768 points.$Hang Seng Index(00HSI.HK)$Hang Seng China Enterprises Index(HSCEI.HK)

The main culprits of the decline were heavyweight tech stocks. Xiaomi fell 3.5%, while Alibaba, Tencent, and Baidu all moved lower. The Hang Seng TECH Index also fell 1.19%.

The market's ability to recover most of its losses in the afternoon was entirely due to brokerage and insurance stocks leading the rebound. The CSI Hong Kong Securities Investment Theme Index surged over 5% at one point. Market rumors suggested that national team funds entered the market in the afternoon to support domestic banks and insurers, directly driving the rebound in financial heavyweight stocks.

Yesterday's Hong Kong stock market was just a technical rebound after a sharp decline, mainly supported by financial stocks and some tech themes. It seems more like market resistance than a trend reversal, and the overall weak trend has not changed yet.

Day trade ideas:

GF Securities (01776)

CICC (03908)

CITIC Securities (06030)

CITIC Jiantou Securities (06066)

I'm personally quite bullish on the continuation of the brokerage sector's performance tomorrow. If the opening prices of the four brokerage stocks above are near today's closing price tomorrow, you can choose one to buy lightly to test the waters. After entering, set a -3% stop-loss. The profit-taking target is 5-10%. Close the position before the market closes regardless of profit or loss, don't hold overnight. What do you all think about today's performance of brokerage stocks? Do you think the brokerage sector's momentum can continue?