🌙 Uncle’s Night Chat | 10.9 (Friday)
A-shares stage a V-shaped rebound, Hong Kong stocks surge 1.8%—but don’t rush to call it a reversal
🪙 Crypto: $BTC rebounded to the 82K–83K range; $ETH is around $2,504 and remains relatively weak. Watch whether BTC can hold near 83K. These price levels are for reference only.
🇨🇳 A-shares: The Shanghai Composite rose 0.05% to 3,813.79; the Shenzhen Component gained 0.17%, and the ChiNext Index rose 0.22%. Turnover was about 1.92 trillion yuan, up approximately 222.4 billion yuan, with nearly 3,300 stocks advancing.
Higher ETF trading volume was an important signal today: turnover across the ETF market was about 503.3 billion yuan, with several broad-market ETFs seeing a notable increase in trading. This points to active trading and buying interest, but does not mean the trend has reversed.
🇭🇰 Hong Kong stocks: The Hang Seng Index rose 1.79%, and the Hang Seng TECH Index gained 3.06%. Xiaomi climbed nearly 10%, with tech stocks rebounding notably.
🌏 Asia-Pacific: The Nikkei was virtually flat, down about 0.02%; South Korea’s market was closed.
🇺🇸 U.S. premarket: Stock index futures rose, and tech stocks showed signs of recovery. The market’s performance after the official open remains to be seen.
🛢️ Oil: Brent crude settled at $104.28 in the previous session and fell to around $103 intraday today. Trump said there would be no attack on Iran before the midterm elections, easing some supply concerns, though the risks have not been fully resolved.
⚡ Uncle’s take
The high-volume V-shaped rebound in A-shares and the strong rally in Hong Kong stocks suggest a short-term recovery in sentiment. But higher ETF volume does not mean a broad return of capital; tech hardware remains under pressure, and ETH is also relatively weak.
Trading notes: For BTC, watch whether it can hold near 83K and how it responds to a pullback near 82K. For ETH, watch its performance around $2,500. Don’t treat these price levels as guaranteed support, and there’s no need to chase prices after a one-day rebound.
For now, this looks more like an oversold recovery than confirmation of a trend reversal. Next week, keep an eye on buying interest, tech stocks, and oil prices.
⚠️ Personal observations only; not investment advice.
#大叔夜话 #BTC走势分析 #ETH #A股 #港股
A-shares stage a V-shaped rebound, Hong Kong stocks surge 1.8%—but don’t rush to call it a reversal
🪙 Crypto: $BTC rebounded to the 82K–83K range; $ETH is around $2,504 and remains relatively weak. Watch whether BTC can hold near 83K. These price levels are for reference only.
🇨🇳 A-shares: The Shanghai Composite rose 0.05% to 3,813.79; the Shenzhen Component gained 0.17%, and the ChiNext Index rose 0.22%. Turnover was about 1.92 trillion yuan, up approximately 222.4 billion yuan, with nearly 3,300 stocks advancing.
Higher ETF trading volume was an important signal today: turnover across the ETF market was about 503.3 billion yuan, with several broad-market ETFs seeing a notable increase in trading. This points to active trading and buying interest, but does not mean the trend has reversed.
🇭🇰 Hong Kong stocks: The Hang Seng Index rose 1.79%, and the Hang Seng TECH Index gained 3.06%. Xiaomi climbed nearly 10%, with tech stocks rebounding notably.
🌏 Asia-Pacific: The Nikkei was virtually flat, down about 0.02%; South Korea’s market was closed.
🇺🇸 U.S. premarket: Stock index futures rose, and tech stocks showed signs of recovery. The market’s performance after the official open remains to be seen.
🛢️ Oil: Brent crude settled at $104.28 in the previous session and fell to around $103 intraday today. Trump said there would be no attack on Iran before the midterm elections, easing some supply concerns, though the risks have not been fully resolved.
⚡ Uncle’s take
The high-volume V-shaped rebound in A-shares and the strong rally in Hong Kong stocks suggest a short-term recovery in sentiment. But higher ETF volume does not mean a broad return of capital; tech hardware remains under pressure, and ETH is also relatively weak.
Trading notes: For BTC, watch whether it can hold near 83K and how it responds to a pullback near 82K. For ETH, watch its performance around $2,500. Don’t treat these price levels as guaranteed support, and there’s no need to chase prices after a one-day rebound.
For now, this looks more like an oversold recovery than confirmation of a trend reversal. Next week, keep an eye on buying interest, tech stocks, and oil prices.
⚠️ Personal observations only; not investment advice.
#大叔夜话 #BTC走势分析 #ETH #A股 #港股