Big drop in Hong Kong stocks today, and it feels so random—after all, overnight U.S. stocks and Japan/Korea markets were all surging! Just taking shots in the dark here, trying to piece together some reasons for the sell-off: 1️⃣ First off, more brokerages have joined the ranks of banning mainland funds from buying Hong Kong stocks. This policy kicks in starting October, and today was the first day of stress testing. The market tanked this hard, which shows that mainland funds really play a big role in Hong Kong stocks, and their absence has genuinely impacted liquidity. 2️⃣ With A-shares on holiday for National Day, the northbound funds are gone too, further exacerbating the liquidity crunch. 3️⃣ Geopolitical tensions are flaring up again. The U.S. is sending a third aircraft carrier and up to 10,000 additional troops to the Middle East. Oil prices might spike again. Predicting that U.S. stocks will drop tonight, and Hong Kong stocks are preemptively reacting to that prediction. During the National Day holiday, just relax, spend more time with family, and stop staring at the markets so much! This post is sponsored by @binancezh: "Buy U.S. stocks on Binance: Global assets, zero time lag, just one click away!" #港股 #美股 #投资 #币安 #Binance