Kuries wrote a post · Oct 21, 2022 04:33

Alibaba shares hit a new low

Today, the technology sector of Hong Kong shares suffered heavy losses, with $TENCENT(00700.HK)$ , $BABA-SW(09988.HK)$ $MEITUAN-W(03690.HK)$ , $KUAISHOU-W(01024.HK)$, $XPENG-W(09868.HK)$ and others falling sharply, driving the $Invesco Great Wall CSI HK Equities Technology ETF(513980.SH)$ down 3.51%, with a turnover of more than 160 million yuan.

Yesterday, the yield of the 10-year US treasury bond rose to 4.14%, the highest since 2008, and the Chinese probability stock companies fell sharply collectively. Affected by this, $Hang Seng TECH Index(800700.HK)$ fell by more than 3%, Alibaba hit a new low since its listing in 2019, and Meituan fell by more than 7%.

Recently, the Southbound capital has continued to flow in substantially, with a net purchase amount of HK $3.8 billion in the morning. The Southbound is in a strong mood of bottom hunting.

$Alibaba(BABA.US)$ $China Concept Stocks(BK2517.US)$ $iShares U.S. Treasury Bond ETF(GOVT.US)$ $SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(BIL.US)$ $iShares 3-7 Year Treasury Bond ETF(IEI.US)$ $iShares 1-3 Year Treasury Bond ETF(SHY.US)$ $Cboe 7-10 Year Treasury Bond ETF Volatility Index(.VXIEF.US)$

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Kuries

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