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This afternoon, the Hang Seng Tech Index took a nosedive, and the Hong Kong Hang Seng Index plummeted by 2%. As a result, related tech stocks and subscription warrants also took a hit and declined accordingly. Around midday, whispers began circulating in the market regarding a “tax assessment targeting relevant high - tech companies.” Although these rumors haven't received official confirmation, they've already set off a chain reaction in the market. However, when the market prices in such events, it usually does so in a one - off manner. Considering the current uncertainties, if the situation takes a turn for the better, we could witness a substantial rebound in the market. A securities analyst pointed out that this time around, it's simply a case of more stringent tax assessments rather than an all - encompassing tightening of policies.
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