Currently, the market's expectations for loose liquidity are rising. And the leading internet companies that the $ChinaAMC CSI Overseas China Internet Index (LOF) A (F164906)$ has heavily invested in are now enjoying favorable policy winds. Meituan's food delivery business has seen its market share break through 70%, marking the start of a profit inflection point, and Pinduoduo's Temu is accelerating its overseas expansion. From a technical perspective, if it can hold steady at the support level of 1.25 yuan today, it can be regarded as a signal of a short-term reversal of market sentiment, and one can try to take a small long position.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
