Hong Kong Stocks Steady as Funds Turn to Defensive Positioning
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On 27 October 2026, Ming Pao's Daily Economic published a commentary by Lau Sze-ming, noting that the Hang Seng Index rose for 2 consecutive days and outperformed major Asia-Pacific stock markets yesterday, with sentiment in Hong Kong stocks steadying. However, ahead of earnings announcements from several US tech giants this week, AI concept stocks continued to be sold off, with funds leaning towards defensive positioning. Lau Sze-ming believes that if the results of hyperscale cloud service providers reflect satisfactory commercialisation progress, Alibaba (9988) shares may have an opportunity for momentum-driven speculation.
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- 明報·每日經濟Lau Sze Ming: Hong Kong Stock Market Stabilises as Funds Lean Towards Defensive Positioning
Lau Sze Ming notes that the Hang Seng Index rose for 2 consecutive days and outperformed major Asia-Pacific stock markets yesterday, but AI concept stocks continued to be sold off ahead of earnings announcements from several US tech giants this week. He believes that if the results of hyperscale cloud service providers reflect satisfactory commercialisation progress, Alibaba (9988) shares may have an opportunity for momentum-driven speculation.
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