Today, China’s A-share tech sector is much better than yesterday. After the brief panic sell-off following the news, it has temporarily ended, and the market has regained its composure for the moment.
However, today’s rebound is not a trend reversal. Technically, it can be seen as a short-term, structural repair rebound after a sell-off. Emotionally, sentiment is still in the period leading up to the National Day holiday. You should still pay attention to whether China’s official media confirms the report about purchasing NVIDIA chips.
Especially as we approach the short National Day holiday on Thursday, October 1, risk-avoidance before the holiday is standard practice. Particularly tomorrow, buy-side demand probably won’t be very strong. Today’s rebound may very well be driven by some speculative traders taking the chance to buy into the rebound. **Tomorrow is the real focus!** #英伟达批准1500亿美元回购
However, today’s rebound is not a trend reversal. Technically, it can be seen as a short-term, structural repair rebound after a sell-off. Emotionally, sentiment is still in the period leading up to the National Day holiday. You should still pay attention to whether China’s official media confirms the report about purchasing NVIDIA chips.
Especially as we approach the short National Day holiday on Thursday, October 1, risk-avoidance before the holiday is standard practice. Particularly tomorrow, buy-side demand probably won’t be very strong. Today’s rebound may very well be driven by some speculative traders taking the chance to buy into the rebound. **Tomorrow is the real focus!** #英伟达批准1500亿美元回购
