Xin Lang Cai Jing·2025-08-20 06:13Market Overview - The S&P 500 index closed down 37 points or 0.6%, reflecting market concerns over profit-taking in tech giants and expectations of potential signals for delaying interest rate cuts from the Jackson Hole meeting [1] - Palantir experienced a significant drop due to short-selling by Citron Research, highlighting market skepticism regarding the high valuations of AI-related stocks [1] - Intel received backing from SoftBank, indicating that capital is still flowing into sub-sectors of technology [1] - The recent correction in tech stocks not only affected index movements but also suggests that market caution regarding high-valuation growth stocks is increasing, leading investors to potentially adjust their asset allocation towards more conservative defensive strategies [1] Hong Kong Stock Connect - The Hong Kong Stock Connect recorded a net inflow of HKD 18.57 billion on Monday, with the largest inflow into the Tracker Fund of Hong Kong (02800.HK) at HKD 7.07 billion, followed by the Hang Seng China Enterprises Index (02828.HK) [1] - Conversely, Dongfang Zhenxuan (01797.HK) saw the largest net outflow of HKD 510 million, followed by Semiconductor Manufacturing International Corporation (00981.HK) [1]