Last night, the three major US stock indices barely fell by 0.1%, essentially remaining flat. The performance of large tech stocks was quite mixed—Tesla dropped 2%, but Amazon, Nvidia, and Intel rose against the trend, while Google, Apple, and Microsoft experienced slight pullbacks. The forces of bulls and bears are balanced, resulting in an index fluctuation pattern.

Two phenomena are worth noting. First, the Nasdaq China Golden Dragon Index closed up 0.72%, led by Chinese concept car stocks—Xpeng Motors surged over 6%, NIO rose nearly 4%, and Alibaba and Baidu each gained 1%. There is a logical chain here: US-listed Chinese stocks rising → Hong Kong's Hang Seng Tech Index may follow suit next week. In other words, the Hang Seng Tech sector might see a rebound opportunity next Monday, and this signal is worth paying attention to.

Second, US commercial aerospace concept stocks plummeted significantly, which will likely impact A-shares with similar themes in the short term. But here’s a key point: the current hype around commercial aerospace is different from the previous tech stock logic. Segmented tracks like CPO have real orders and performance support; whereas, most of the commercial aerospace sector is still at the conceptual hype stage, lacking substantial profit support. Following the trend in the short term is fine, but don’t be blinded by this round of enthusiasm.