Hang Seng Tech just broke below 4000 for the first time in two years. Down 40% from the recent peak.
This is capitulation territory. Chinese tech names getting absolutely crushed—combination of regulatory overhang, macro weakness, and zero positioning from global funds.
Worth watching for a tactical bounce, but the trend remains ugly. Need to see actual policy support or earnings stabilization before calling a bottom here.
This is capitulation territory. Chinese tech names getting absolutely crushed—combination of regulatory overhang, macro weakness, and zero positioning from global funds.
Worth watching for a tactical bounce, but the trend remains ugly. Need to see actual policy support or earnings stabilization before calling a bottom here.