Cheung Siu Chung: To Trade the Robot Concept, Buy Tesla Directly

The Hang Seng Index fell 319 points yesterday to close at 23,867 points, with turnover of $190.4 billion. US tech stocks rebounded slightly, but Asian stock markets did not follow, with Japan, South Korea and Taiwan all falling; Hong Kong stocks followed the decline this time, and market breadth was weak. The Tesla Roadster stunned the world, and A-shares seized the opportunity to speculate on robots again, but sustainability is in doubt; if buying, one should buy Tesla directly.