Selling Pressure on Hong Kong Stocks Persists as Defensive Shares Are Sought
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On 28 October 2026, Ming Pao's Daily Economic published a commentary by Lau Sze-ming, saying selling pressure on Hong Kong stocks persisted as defensive shares continued to be sought. The same day's report mentioned that Anthropic filed for a listing and that Meta and Broadcom carried out huge financing, easing market concerns about the source of funding for AI construction and driving a rebound in the Nasdaq and semiconductor stocks, with Asia-Pacific stock markets generally rising. However, the report noted that the overall rebound was limited and that market sentiment was fairly cautious ahead of results from several heavyweight technology companies in the AI supply chain.
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- 明報·每日經濟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.
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Current activity9·Peak across comparable sources10（28 Oct, 06:00）·Change across comparable sources in 24 hours –
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