For A-shares at this level, I will keep pushing higher in the first half of the week, even adding a bit of leverage; whether it’s old-school stocks or semiconductors, I’ll keep it around 1.5x. In the second half of the week, the focus is still to take on ChangXin, with the pricing unchanged: if it’s under $200 million, I’ll go all-in; around $250 million, it depends on position sizing and sentiment. I’ll gradually sell from $300 million to $450 million, but it’s only for the five days before the battle—there’s no restriction on daily gains or losses.

For US stocks, I’m still betting that this level will see a rebound, but I don’t know how high it will rebound to—fight and withdraw as it goes.

Last week’s pullback was very large, and the overall feel was really bad. At times like this, it usually also reaches the rebound timing.