On the morning of June 11 the HSI briefly dipped under 24,000, breaching March lows and extending months-long weakness in which Hong Kong stocks have tended to follow declines in A-shares and offshore markets rather than rally. Market participants say valuations are not high and recommend phased accumulation instead of heavy tactical buying; advise prioritising profitable, reasonably valued companies with competitive advantages. Several large-cap internet names are at low valuations and could pr

On the morning of June 11 the HSI briefly dipped under 24,000, breaching March lows and extending months-long weakness in which Hong Kong stocks have tended to follow declines in A-shares and offshore markets rather than rally. Market participants say valuations are not high and recommend phased accumulation instead of heavy tactical buying; advise prioritising profitable, reasonably valued companies with competitive advantages. Several large-cap internet names are at low valuations and could provide some market stability.