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jimu news reporter chai jing

on october 3, hong kong stocks fluctuated sharply and formed a v-shaped trend. hong kong stocks rose strongly in the afternoon. in the end, hong kong's hang seng index closed down 1.47%, and the hang seng technology index fell 3.46%.

specifically, in early trading, the hang seng index once fell by more than 4%, and the hang seng technology index once fell by more than 7%. however, hong kong stocks rose strongly in the afternoon, with the hang seng index and the hang seng technology index narrowing their losses significantly. the hang seng index once erased its losses, and the hang seng technology index's losses once narrowed to less than 1.5%.

some chinese brokerage stocks strengthened in the afternoon. huatai securities once rose by more than 26%, hongye futures once rose by more than 19%, and china merchants securities once rose by more than 9%.

regarding today's adjustment of hong kong stocks, some experts pointed out that the shock in hong kong stocks just verified the reversal logic, rather than a short-lived rebound.

some analysts pointed out that the seesaw effect of japanese and hong kong stocks in the asia-pacific market today was highlighted. japanese stocks rose sharply today, while hong kong stocks fell sharply. after yesterday's surge, a short-term correction is normal. in addition, some brokerage research reports pointed out that the volatility of hong kong stocks will increase significantly, and it cannot be ruled out that the correction of hong kong stocks is related to market profit-taking.

according to reports, morgan stanley said that if the chinese government announces more spending measures in the coming weeks, the chinese stock market may rise by a further 10% to 15%. “expectations of further fiscal expansion are back on the table, making investors look at china from a reflation perspective for the first time in a long time.” laura wang, chief china equity strategist at morgan stanley, said in an interview shi said, "the last time investors looked at china through this lens was actually after the beginning of last year. at that time, the valuation given by global investors was about 12 times the expected price-earnings ratio of the msci china index."

(source: jimu news)

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