Short squeeze trading in Hong Kong stocks and pair trading coexist, while US stocks regain momentum in AI trading
Hong Kong stocks have rebounded significantly for two consecutive weeks. Although the proportion of unclosed short selling in Hong Kong stocks has slightly decreased to 2.43%, it remains at historically high levels. Short squeeze trading and pair trading are both present. CITIC Securities recommends focusing on innovative drugs, aviation, robotics, and metals with strong industrial properties in the short term. In the U.S. stock market, AI momentum trading has significantly returned, and it is expected that U.S. stocks will maintain a fluctuating upward trend. It is recommended to pay attention to software, military industry, energy infrastructure, and financial sectors.