$iShares Russell 2000(IWM.US) rose slightly, $XL2 BOS CHINEXT(07234.HK) fell by six points, and $EFUND HKEX TECH 100 ETF(03456.HK) dropped two or three points. US small-cap stocks are rising along with expectations of rate cuts and a soft landing, while the Chinese and Hong Kong markets are still digesting liquidity and sentiment. This temperature difference between broad-based indices in China and the US is likely due to short-term capital flow differences; once incremental funds return to the Hong Kong stock market, the divergence will converge. Have you seen any convergence signals?
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