To The Moon

Hong Kong markets snapped back this week. The $HSI(HSI)$ climbed 2.53%.Macro: Fed Dovish Turn Fuels Risk-On MoodLast Friday, John Williams — the Fed’s No. 3 official and President of the New York Fed — said cooling labor data leaves room for more rate cuts soon.Fresh U.S. data echoed that softness: retail sales rose just 0.2% in September, slowing 0.4ppt from last month and missing expectations.Another shocker: Kevin Hassett, head of the White House National Economic Council, has reportedly become the leading candidate for the next Fed Chair. He has openly suggested the new Fed leadership could cut rates.The CME FedWatch tool now assigns an 84.7% probability to a 25bp cut in December — a jump of 45.6ppt in just one week.No surprise: U.S. equities r

This week, global markets plunged. The $HSI(HSI)$ fell 5.09%, approaching the 25,000 mark.Fed Split Sparks VolatilityMarket jitters were triggered by differing views within the Federal Reserve over a potential December rate cut. Fed Governor Waller favors another cut due to rising concerns about a sharp slowdown in the labor market and employment. Vice Chair Jefferson, however, urged caution, noting that with rates near neutral, policymakers need to be prudent.As a result, the probability of a 25-basis-point rate cut in December dropped to 39.6%, while the chance of keeping rates steady rose to 60.4%.Nvidia Steals the SpotlightAll eyes turned to $NVIDIA(NVDA)$ ’s earnings, given its $4.4 trillion market ca

Hong Kong stocks tried to break higher this week, but momentum faded. The $HSI(HSI)$ still gained 1.26%, yet slipped back below the 27,000 mark.From U.S. Optimism to Fed-Induced PanicThe week started upbeat. U.S. lawmakers reached a deal to avert a government shutdown, sending Wall Street sharply higher.Then came Thursday—the mood flipped. Multiple Fed officials turned hawkish.San Francisco Fed President Mary Daly said it’s too early to decide on a December rate cut.Cleveland Fed President Loretta Mester called for steady rates to keep pressure on inflation.St. Louis Fed President Musalem urged caution on further easing.At the same time, “Big Short” investor Michael Burry accused major AI infrastructure players of “inflating profits” by extending c

Hong Kong stocks swung lower early in the week before staging a rebound. The $HSI(HSI)$ gained 1.29%, reclaiming the 26,000-point mark.Globally, markets had a rough ride. The MSCI Asia Pacific Index posted its worst week since early August, while the $NASDAQ(.IXIC)$ tumbled nearly 3%.AI Bubble Fears Grip Wall StreetConcerns over an “AI bubble” are spreading fast. Reports surfaced of “circular” transactions among OpenAI, $NVIDIA(NVDA)$ , and other AI-linked firms, drawing sharp scrutiny.Add to that Palantir’s post-earnings plunge and news that famed bear Michael Burry’s Scion Asset Management is betting against Nvidia and Palantir — and you get a tech sell-off in

This week, Hong Kong stocks lost steam after a brief rally. The $HSI(HSI)$ fell 0.97%, slipping back below the 26,000 mark.China–U.S. Talks Steal the SpotlightAll eyes were on Busan, where the Chinese and U.S. presidents held a high-profile meeting. Ahead of the summit, trade teams met in Kuala Lumpur and reached initial consensus on several key economic issues.The talks yielded progress on tariffs, rare earths, and agricultural purchases. Both sides agreed to lift previous export control measures, while the U.S. will cut fentanyl-related tariffs to 10%. President Trump even announced plans to visit China next April.Despite the upbeat tone, investors worried the final deal might fall short of expectations, leading to a pullback in Hong Kong and A-s

Hong Kong stocks bounced back this week, with the $HSI(HSI)$ surging 3.62%, reclaiming the key 26,000 level.Mixed Economic SignalsChina’s latest data brought both cheer and caution.Q3 GDP rose 4.8%, matching expectations but slowing from previous quarters.Retail sales in September grew 3.0%, marking a four-month slowdown and the weakest pace in 10 months.Industrial output jumped 6.5%, hitting a three-month high and beating forecasts.While the macro picture remains uneven, the market tone improved. Stocks that had led earlier, such as utilities and old-economy names, took a breather.Tech, semiconductors, and banks came roaring back, stabilizing the broader index.Policy Boost from the Fourth PlenumThe 20th Fourth Plenary Session concluded this week,

Hong Kong stocks tumbled this week, with the $HSI(HSI)$ dropping 3.97%, closing in on the key 25,000-point mark.Trade Tensions Back in PlayOn October 10, Donald Trump announced that starting November 1, the U.S. will impose an additional 100% tariff on Chinese imports — on top of existing duties. He also said the U.S. will restrict exports of “all critical software.”The news sent Hong Kong markets reeling. The Hang Seng Index plunged over 3.5% on Monday.After a global sell-off, Trump later tried to calm markets, saying “no need to worry about China — everything will be fine.” U.S. Treasury Secretary Bessent reaffirmed that the two heads of state are still expected to meet at the end of the month. Trade Representative Greer predicted that the market

The Hong Kong market continued to tumble this week, with the $HSI(HSI)$ dropping for four consecutive trading days, down 3.13% for the week.U.S. Political Gridlock Triggers Gold RushThe ongoing U.S. government shutdown crisis remains unresolved as lawmakers fail to agree on a budget. The uncertainty drove international gold prices above $4,000 per ounce, hitting a record high and boosting metal and mining stocks.However, the AI sector lost momentum. After a strong rally, $BABA-W(09988)$ plunged more than 10% this week, dragging down $TENCENT(00700)$ $KUAISHOU-W(01024)$ and other major internet names.Semiconductors Reve

Hong Kong stocks pulled back this week. $HSI(HSI)$ lost 1.57%, closing right on the psychological 26,000 mark.Policy Expectations FizzleOn Monday, China held a high-profile press conference on “achievements in finance during the 14th Five-Year Plan.” Top regulators, including PBOC Governor Pan Gongsheng and CSRC Chairman Wu Qing, took questions.But investors were left disappointed. The event highlighted long-term progress, not short-term policy tweaks. Hopes for immediate stimulus faded when Pan stressed that China’s monetary policy would “follow its own course” while balancing internal and external needs.Overseas, Fed Chair Jerome Powell bluntly said on Tuesday that U.S. equities look “quite high” by historical standards. He noted many valuation m

This week, Hong Kong stocks rode a wave of Fed rate cuts and AI euphoria. $HSI(HSI)$ closed Friday at 26,533.04, up 0.55% for the week. The real star was $HSTECH(HSTECH)$ , surging 4.97% to 6,287.02.Turnover was heavy. Weekly trading hit HK$1.67 trillion, with Sept 18 alone topping HK$413.3 billion — the busiest day since April.Tech and Consumer Lead the ChargeOptional consumption and tech stocks were the bright spots. HSTECH swung an impressive 8.15% range through the week. The China Enterprises Index gained 1.10% to 9,468.15, while the Red Chip Index slumped 6.23%.On Monday, the HSI touched a four-year high as markets cheered China stimulus hopes and Fed easing. Midweek, investors rotated, chasing high