$Tencent Music(TME.US) rose by over four points, $Krne Csi China Internet(KWEB.US), and $BIDU-SW(09888.HK) both saw small gains, while $Kingsoft Cloud(KC.US) basically didn't move, and $Futu(FUTU.US) dipped slightly😀
On days when US tech stocks are dragged down by semiconductors, Chinese concept stocks instead forge an independent trend. The valuation depression unexpectedly showed resilience during a period of risk appetite contraction.
Southbound capital and share buybacks are providing support. The state of Chinese concept stocks 'others panic, I hold steady' makes holding quite comfortable.
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