Hong Kong markets recover from post Trump 2024 victory selloff

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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