跑输日韩股市,恒科为何跌跌不休?

财富FORTUNE
10 hours ago

东亚市场正上演极致分化。恒生科技指数陷入技术性熊市,自高位回调超28%;而日经225频创新高,韩国综指在AI浪潮助推下年内一度暴涨超30%。恒生科技指数的下跌是内部增长困境、外部流动性收紧、全球市场风格切换多重因素共振的结果:内部因素:● IPO过多● “内卷”与价格战● AI投入产出比受质疑● 监管与税收传闻外部因素:● 全球流动性收紧● 外资避险撤离● 地缘政治风险市场结构问题● “新旧”科技...

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