Hong Kong stocks closed better on Wednesday, with the Hang Seng Index rising repeatedly, but the volatility further narrowed to more than 300 points, with a turnover of about HK $155 billion. The market was led by technology stocks in the early days. Tencent (0700), Meituan (3690) and Ali (9988) once rose 3%, 3.8% and nearly 2% respectively, which was quite good, but the upward momentum did not continue. The rise gradually narrowed or even fell, and almost all the increases evaporated at the close of the market. Judging from the trend of North Water this week, the net inflow of Hong Kong stocks through North Water is less than that of the previous two weeks. on Monday, the net capital inflow of Hong Kong stocks through North Water was less than 1 billion yuan, while the scale of capital flow on Tuesday was similar, which may reflect a partial slowdown in capital. some North Water Love stocks may lose strong capital promotion in the short term and no longer perform strongly. If investors think that previously sought-after technology stocks have the opportunity to be the first to be pressed, they can refer to the relevant sell certificates: If investors are bearish on Ali, they can pay attention to sell 12918, exercise price of HK $65.88, due in September 22, effective leverage of about 3.5 times. If investors are bearish on Tencent, they can pay attention to the sale of 13446 Hong Kong dollars, the exercise price of 255.35 Hong Kong dollars, due in September 22, effective leverage of about 4.6 times. If investors are bullish on Meituan, they can pay attention to the sale of 11955, with an exercise price of HK $116.88, which expires in September 22, with an effective leverage of about 2.6 times. More information about Wo Lun Niu Bear: UBS warrants CBBC website: http://www.ubs.com/hkwarrants A short film on teaching and market focus: Https://www.youtube.com/channel/UCKw86qy4eBAInmd52MND45Q?view_as=subscriber Zhuo Suhua Head of Asia listed Derivatives sales Department of UBS There is no collateral for this product. If the issuer is insolvent or defaults, the investor may not be able to recover some or all of the receivables. The author is the representative of UBS AG (as the SFC licensee) and does not hold any financial interests of the relevant listed companies. This information is published by UBS and does not constitute a trading proposal, invitation, offer or lobbying. Prices of structured products can rise or fall sharply, and investors may suffer overall losses. Past performance does not reflect future performance. CBBCs may be terminated early due to the mandatory redemption mechanism, when (I) investors in Category N CBBCs will not receive any amount, while the residual value of (ii) Category R CBBCs may be zero. Before investing, you should understand the relevant risks, consult professional consultants and consult the relevant listing files. UBS Securities Hong Kong Limited is the liquidity provider of structured products and may also be the only bidder or market participant. (C) UBS 2022. copyright. ~ Important statement: The above information is provided by third parties, and AASTOCKS.com Limited does not declare or guarantee the correctness or reliability of any information, content or advertising contained in, via, linked to, downloaded or obtained from any services related to this website. We are not responsible for the quality assurance of any products or information you display, purchase or obtain through advertisements, information or offers on this website.