This will be a relatively short update again as there’s no movement in the portfolio during the month. Most of the Chinese stocks I own are just range bound for the moment given the weak trajectory growth demand in China which is affecting both sentiment and fundamentals. Because of this, and also given the heavy allocation I already have in the portfolio, I have not added any as well for now. The US indices, on the other hand, are gaining momentum, driven by largely big cap companies such as Apple, Microsoft, Tesla, Netflix, Nvidia, and Meta. The AI theme has generated many interests and expand the valuation cap of many companies, which gives rise to share price increase ahead of earnings delivery. This reminded me of EV back then when valuations hit up so high for a few of these companies before it retreated to reasonable level once sanity kicks in....