Since the US elections on Nov. 5th, China's onshore markets have gained 3% while Hong Kong's markets have crumbled 4% to 5%.
That's a significant 8% swing in performance. Chinese investors aren't at all worried about Trump's win. They are focused on the economy, which appears to be improving.
$KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ $KraneShares SSE STAR Market 50 Index ETF(KSTR)$ $iShares MSCI China ETF(MCHI)$ $KraneShares MSCI China All Shares Index ETF(KALL)$ $China Overseas Land & Investment Ltd.(CAOVY)$ $China Resources Land Ltd.(CRBJF)$ $Alibaba(BABA)$ $BABA-W(09988)$ $JD.com(JD)$ $JD-SW(09618)$ $PDD Holdings Inc(PDD)$ $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$
Buyers are no longer few and far between in China. As I've been saying, strong growth in stock market financing over the past few weeks indicates Chinese investors are becoming increasingly active in the stock market despite the negative media coverage & Trump victor.
Hong Kong is one of the most open markets and accessible markets in the world. The Hong Kong government is one of the best-run and financially stable of any govt and its monetary authority (HKMA) has been successful at keeping a stable environment for companies to operate.
Short-selling isn't elevated in HKEX Group today despite the weak sentiment and poor technicals. Positioning ahead of earnings for big tech. Given the encouraging data we are hearing from SinglesDay I don't think short sellers have the balls to take on big positions this week.
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