Hong Kong markets recover from post Trump 2024 victory selloff

BrianTycangco鄭彥渊
2024-11-08

As expected, yesterday’s China dump was short-lived. Many of these names have recovered all of Wednesday’s losses and are already up even more. Investors are looking at stimulus instead of worrying what Trump will do when he takes office next year. That’s because a good domestic economy - and a strong real estate market - solves a lot of China’s problems.

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Hong Kong markets recover from post Trump 2024 victory selloff. $HSTECH(HSTECH)$ +2.25% led by $MEITUAN-W(03690)$ $KUAISHOU-W(01024)$ $TME-SW(01698)$.

Like I said yesterday, makes little sense for the selloff in CN tech sector as most are consumer related domestic plays that will benefit immensely from ongoing stimulus efforts.

We are about 24-48 hours away from knowing what other stimulus measures Beijing will implement after the NPC meeting ends tomorrow (11/8).

Stocks To Watch: $BABA-W(09988)$ $JD-SW(09618)$ $BIDU-SW(09888)$ $TENCENT(00700)$ $BILIBILI-W(09626)$ $NTES-S(09999)$ $NIO-SW(09866)$ $LI AUTO-W(02015)$ $XPENG-W(09868)$

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Tencent Rebounds: Did You Catch the Bottom?
On January 6, the U.S. Department of Defense added Tencent, CATL, and several other Chinese tech companies to the 1260H list (CMC list). Tencent's stock dropped 10% in the last two trading days. However, supported by the company's stock repurchase, Tencent rebounds 2% today. -------------- Is it a buy under HKD 400? Did you catch the bottom?
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Comments

  • Alvin2042
    2024-11-08
    Alvin2042
    to be dumped again on Friday
  • KSR
    2024-11-08
    KSR
    👍
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