Lau Sze-Ming: Selling Pressure on Hong Kong Stocks Persists as Defensive Shares Remain Sought After

Lau Sze-Ming notes that selling pressure on Hong Kong stocks persists, with defensive shares remaining sought after. Anthropic files for listing, while Meta and Broadcom carry out huge financing, easing market concerns over the source of funding for AI build-out and driving a rebound in the Nasdaq and semiconductor stocks, with Asia-Pacific markets generally rising. However, the overall rebound is limited, and market sentiment is fairly cautious ahead of results from several heavyweight technology companies in the AI supply chain.