Hong Kong Stocks Drop As Asian Fund Managers Show No Urgency to Chase Market

South China Morning Post02-15

Hong Kong stocks dropped, struggling to sustain a winning start to the Year of the Dragon as signs of fresh economic headwinds in the region. A survey showed Asia’s biggest money managers are not ...

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SuperDuper1
02-15
SuperDuper1
did they conduct a survey on fund managers think of Nvidia ?

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Financial markets in mainland China are closed for this week for the Lunar New Year holiday.Tencent fell 1.2 per cent to HK$286.60 and Meituan lost 0.9 per cent to HK$70.45. EV maker Li Auto slumped 1.5 per cent to HK$117.80 and developer Sun Hung Kai Properties retreated 1 per cent HK$70.70, while appliances maker Haier Smart Home lost 0.8 per cent to HK$23.40.Ping An Insurance tumbled 0.4 per cent to HK$33.30 after analysts at CLSA cut their rating on the firm’s shares with a price target of HK$31, according to Bloomberg data.Stocks swung this week after Japan slipped into a technical recession after an official report on Thursday showed the economy unexpectedly shrank last quarter. 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