The US-China game is intensifying. Today, both Hong Kong stocks and A-shares experienced significant pullbacks, and it is expected that US stocks may also face concerns tonight!

Currently, the US and China are ramping up their strategies regarding the tariff trade war that will restart on November 10. The US has banned the export of AI chips, while China has imposed sanctions on rare earth exports and soybean imports, and today restricted the export of key lithium battery materials and technologies.

The market will focus on the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit to be held in South Korea this month, from October 31 to November 1, where talks between US and Chinese leaders will take place!

It seems that the market will be in for a tough time for a while 🥺 Today, the pullback in Hong Kong stocks is quite severe!

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