Southbound funds swept over 50 billion Hong Kong dollars in 3 days, Hong Kong stocks' "low valuation" attracting contrarian positioning.

On one side, the Hong Kong stock market continues to adjust, while on the other side, the southbound funds are "sweeping" against the trend. Recently, as the major stock indexes in the Hong Kong stock market are under pressure, southbound funds have net bought over 10 billion Hong Kong dollars for three consecutive trading days, with a total net purchase of over 50 billion Hong Kong dollars. Industry insiders believe that the southbound funds are sweeping against the trend mainly because they are optimistic about the opportunities for undervalued stocks in the Hong Kong market to recover, and they have positive expectations for the market's medium- to long-term trends.