Hang Seng Index Falls 319 Points as Robot Concept Rides Tesla Hype
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21 October 2026, Ming Pao daily economic report: the Hang Seng Index fell 319 points yesterday to close at 23,867 points, with turnover of $190.4 billion. The report says US tech stocks rebounded slightly, but Asian markets did not follow, with Japanese, South Korean and Taiwanese stocks all falling; Hong Kong stocks followed the decline this time, with market breadth weak. The report also mentions that the Tesla Roadster stunned the world, and A-shares seized the moment to reheat the robot concept, but sustainability is in doubt, and it argues that those who want to buy should buy Tesla directly.
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- 明報·每日經濟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.
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