The Hang Seng technology index plunged more than 3 per cent yesterday to a new listing low, Zhitong Financial APP learned. Today, Gokai rebounded more than 2%. As of press time, it rose 2.01% to 5842.35 points.
As for constituent stocks, Ming Yuan Cloud Group (00909) rose 9.64% to HK $21.05, BABA-SW (09988) rose 8.25% to HK $09988, Baidu-SW (09888) rose 6.6% to HK $143.7, and Bilibili Inc.-SW (09626) rose 3.35% to HK $444.6.
On the news side, Tianfeng Securities said that the promotion of regulatory measures is still the core contradiction of the Internet sector, considering the pessimistic expectations of previous policies and the lower limit of historical valuation, there is no need to be pessimistic, but to observe marginal changes. the catalyst may come from the landing of policy boots.