Guotai Junan Securities interprets the big volatility of Hong Kong stocks: from short squeeze to a more sustained volatile reversal

On October 3, Jin10 Data reported that Hong Kong stocks experienced an adjustment in early trading today. In response, Zhang Yidong, the global chief strategy analyst at Xingye Securities, stated that the volatility of Hong Kong stocks has arrived, which precisely verifies the reversal logic, rather than a short-lived rebound. In October, Hong Kong and A-shares are expected to shift from the recent squeeze-style rebound to a more sustainable and volatile reversal. In the short to medium term, it is necessary to abandon the Bear Market mindset and firmly hold onto long positions. The volatility in October is more about accumulating strength and filtering out weak stocks. The volatility is about finding more sustainable and reversal opportunities. There is no limit to the mid-term market space and time, as the driving force of funds continues to be ample, just as we predicted in May, and the climax of the resonance flow of domestic and foreign funds began in the third quarter.