[True Insight Institutional View] Market risk appetite rebounds, Dow Jones hits new high, Stock Connect (for Hong Kong) sees net inflow of HKD 14.8 billion on Friday

U.S. stocks reached a milestone on Friday, with the Dow Jones Industrial Average historically breaking through the 50,000-point mark, as the market staged a strong rebound driven by the AI frenzy and a 'buy the dip' sentiment. Nvidia's surge and Anthropic's soaring valuation reignited confidence in tech stocks. Meanwhile, cryptocurrencies and precious metals experienced a 'violent rebound,' with Bitcoin returning to $70,000, and gold and silver staging an astonishing V-shaped reversal. Overall risk appetite has significantly recovered, but with high volatility across asset classes, investors enjoying the feast of new highs should be wary of short-term high-level oscillation risks.

Southbound Stock Connect recorded a net inflow of HKD 14.8 billion on Friday. $TENCENT(00700.HK) saw the largest net inflow, reaching HKD 4.3 billion, followed by $BABA-W(09988.HK); $AKESO(09926.HK) recorded the largest net outflow, reaching HKD 306 million, followed by Yangtze Optical Fibre and Cable (06869.HK).

Source: KGI Securities