𝗗𝗼𝗻𝗮𝗹𝗱 𝗝. 𝗧𝗿𝘂𝗺𝗽 𝗧𝗿𝘂𝘁𝗵 𝗦𝗼𝗰𝗶𝗮𝗹 𝗣𝗼𝘀𝘁 - 𝟭𝟭:𝟯𝟴 𝗣𝗠 𝗘𝗦𝗧 𝟬𝟳.𝟬𝟱.𝟮𝟲
"Three-story tall banners of POTUS and George Washington have been hung on the front of the Department of the Interior building. The wording above Washington is “America’s First” in reference to him being America’s first president. The wording above President Trump is “America First”—which needs no explanation!"
Scheduled Maintenance Notice
Limitless will undergo scheduled maintenance on Wednesday, July 8, 2026, from 07:00 UTC to 07:30 UTC
Trading will move through the following stages:
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Thank you for your patience
【Monthly Strategy Dialogue with Julius Baer】
Against a shifting macro backdrop, markets are responding to easing geopolitical tensions following a US-Iran peace deal, with oil prices falling sharply and Asian equities rallying. Within China, however, a stark divergence persists: Hong Kong’s “old tech” sector has lagged, while mainland “new tech,” particularly AI infrastructure, continues to attract strong inflows and outperform.
In this episode, Richard Tang speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management, about China’s uneven market outlook. They discuss the prospects for a rebound in Hong Kong internet stocks, the sustainability of the AI rally and signs of froth, alongside liquidity risks from IPO activity and the outlook for gold amid shifting oil and interest rate dynamics.
(00:30) - The old and new tech divide in China
(01:45) - Will Hong Kong internet stocks see a rebound?
(03:25) - Why is there a lack of stimulus this time?
(07:05) - A “K-shaped” economy
(07:40) - A strong run in A-share tech — is the AI rally getting frothy?
(15:48) - The liquidity impact of the IPO glut
(20:27) - Where might gold be headed?
This episode was originally recorded on 16 June 2026.
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