[sgbuffett]

Hs tech up 3.5%! Too bad u did not cover shorts

Yesterday to today morning rise is due to rumor spread by bloomberg on China stimulus.

Obviously fake since China govt already said they will not use big stimulus.

Chia economy already such bad shape, the China HK stocks can only go lower based on economic fundamentals.
Those who chase after fake news are those punters ...professional traders sure take the chance to short at higher price to make more when the market comes back down after the false rumors.

Read the bloomberg report:

Chinese authorities are considering a package of measures to stabilize the slumping stock market, according to people familiar with the matter, after earlier attempts to restore investor confidence fell short and prompted Premier Li Qiang to call for “forceful” steps.

Policymakers are seeking to mobilize about 2 trillion yuan ($278 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilization fund to buy shares onshore through the Hong Kong exchange link, said the people, asking not to be identified discussing a private matter. They have also earmarked at least 300 billion yuan of local funds to invest in onshore shares through China Securities Finance Corp. or Central Huiji

Very obvious rumor spread to unload at higher price because market fell too quickly while they unload