In the morning trading today, the Hang Seng Technology Index fell by 6%, and the Hang Seng Index fell by 3.3%. Yesterday's strong stock sector fell by 21%, and the domestic real estate stock sector fell by nearly 11%.

I just saw a friend in Hong Kong say that today is not very good. I took a look and it is not called not very good, it is too fierce. It is even more fierce than the cryptocurrency circle!

Yesterday, there was still a lot of joy, whether it was the forum or the circle of friends, it was overflowing! Today, the Hong Kong stock market has a big drop, and the real estate stocks have collapsed directly.

Analysts at JPMorgan Chase mentioned in their report on Wednesday that the valuation of Chinese real estate stocks is a bit too high, which is unreasonable. Therefore, the real estate and brokerage stocks that rose sharply yesterday have shrunk today. Real estate stocks such as Kaisa, China Aoyuan, Shimao, and Sunac have fallen so badly that they have fallen by about 20%. CITIC Securities has also fallen by more than 12%, and the Southern Science and Technology Innovation Board 50 ETF is also shaky.

But it should be noted that although China's assets have risen well recently, the US dollar has risen for four consecutive days despite the Fed's interest rate cut. The recent US employment data exceeded expectations, which changed the market's expectations for the Fed's next interest rate cut. #日本新首相支持区块链 #大A香还是大饼香 #9月小非农数据高于预期

According to this logic, there may be changes in the Fed's interest rate cut plan, and the expectation of interest rate cut in November may decrease, which is a good thing for BTC. In short, this financial war is very exciting. For small investors like us, it is more important to save our lives and not to enter the market blindly!

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