We are overbought in the Hang Seng Tech Index. I know that's the last thing many want to hear, but it is what it is.
We need to see strong follow-through policy changes for consumption this week. Watch out for a potential announcement from NDRC later this PM.
$CSI China Internet ETF(KWEB)$ $Alibaba(BABA)$ $Alibaba(09988)$ $Tencent(00700)$ $Tencent Holding Ltd.(TCEHY)$ $MEITUAN(MPNGF)$ $NIO Inc.(NIO)$ $NIO-SW(09866)$ $Li Auto(LI)$ $XPeng Inc.(XPEV)$ $Baidu(BIDU)$ $BIDU-SW(09888)$
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China EV space lit up this morning. Bullishness surrounding VW XPEV deal + growing stimulus measures supporting EV purchases extending to another week of gains. $Geely Automobile Holdings Ltd.(GELYF)$ $BYD Co., Ltd.(BYDDF)$ $Li Auto(LI)$ $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$
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HKEX Stocks Opportunities
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