$Lion-OCBC Sec HSTECH S$ (HST.SG)$[Share Link: Hong Kong sto...
The Hang Seng Index fell 0.9 per cent to 16,385.72 at 9.55am local time. The benchmark tumbled 3 per cent last week, the weakest opening week in 19 years. The Tech Index dropped 2.4 per cent to the lowest level since late November 2022, while the Shanghai Composite Index slipped 0.8 per cent.
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Crafting Nyonya, Teochew Kueh, Bak Chang, Teochew Mooncake from scratch in Tampines.
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DividendKopi : what is wrong with China huh?
Cui Nyonya KuehOP : economy
WinningTrader : Who are the ones selling?
Cui Nyonya KuehOP WinningTrader: u read the news. foreign ...
WinningTrader Cui Nyonya KuehOP: Thougnt major investors already pulled out from China, so who are the ones sellng causing such a drop?
soyabean89 : great leap forward 2.0
71323069 WinningTrader: It was mainly Wallstreet selling. The major US pension funds havent sold their Chinese stocks yet but now they started selling. Once all the foreign money is out, that should be when China starts pumping
Cui Nyonya KuehOP 71323069: the question is when
71323069 71323069: personally I dont think PBOC will start pumping liquidity into the market until the FED starts lowering rate because US trrasury bonds and bills is like a magnet sucking liquidity from nations around the world so PBOC pumping now would be quite stupid like donating money to the FED. I'm hoping all of the Western funds conpletely exit Chinese stocks soon so price can stabilize and we can start buying in before China's economic stimulus starts.