Sector rotation is underway in the mainland markets, with tech hardware outperforming. Foreign fund inflows into Shenzhen-listed firms have risen for three consecutive weeks, reinforcing confidence in "investing in China" for exposure to high-growth innovation clusters. However, given SpaceX’s strong ties to China, Elon Musk’s firm could be opening up the US military to significant risks of foreign interference, a topic that’s likely to continue being a major point of contention in Washington, DC. Boeing: Further 777X Delay Would Cause More Financial Drag Domestic tourism revenues hit 2019 levels during recent holidays, boosting hospitality stocks. Fund managers see "investing in China" in leisure and travel sectors as a defensive growth strategy.