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BiyaPay Analyst: Food Delivery Battle Ignites Bubble Tea Stocks, BiyaPay Supports Users to Trade Hong Kong Stock Underlyings with USDT
BlockBeats News, July 7th, a BiyaPay analyst stated that the three major Hong Kong stock indices experienced volatile fluctuations, with significant inflow of funds from the mainland surpassing 11 billion Hong Kong dollars. The Hang Seng TECH Index saw a slight increase of 0.25%, while the Hang Seng Index and the Mainland Enterprise Index experienced slight declines. The overall market showed a bottoming out and rebounding trend. Despite considerable gains in Kuaishou and Tencent, Alibaba and JD.com saw slight increases, while Meituan encountered seven consecutive bearish trends due to the "food delivery war," with a 1.5% decline.
This summer, alongside the high temperatures, and with the subsidy policies of food delivery platforms, the tea beverage market has seen robust growth. Chabaidao and Guming saw increases of 11% and 6% respectively, while Mxicy and Shanghai Auntie also saw significant gains, each rising by over 5%. Mxicy's stock price has tripled this year, making it a shining star in the tea beverage industry.
The BiyaPay analyst expressed that for investors, the rising trend of tea beverage stocks presents abundant investment opportunities. However, the Hong Kong stock market is highly volatile, making it especially important to choose the right investment tools. BiyaPay supports users in trading Hong Kong and U.S. stocks using USDT, without the need for an offshore account, enabling easy participation in the global stock market. Through the BiyaPay platform, users can enjoy zero-fee spot and contract trading, as well as real-time access to global market dynamics, allowing them to seize various investment opportunities.
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