O
Jul 15 at 10:07 PM
$XIAOMI-W(01810.HK)
The 1x short leveraged ETF is kicking in.
The rise in the Hang Seng's stock price isn't due to improved earnings reports or technological breakthroughs; it's just that the parked funds have been withdrawn, and with nowhere else to go, they're being used to fill in at low-value spots.
Seems it might also be related to some policy from a couple of days ago?
Not very optimistic about its sustainability unless the model undergoes some 'value discovery'.
$Hang Seng Index(00HSI.HK)
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