HSTech quietly making gains

BrianTycangco鄭彥渊
12-07

Hang Seng Tech Index quietly making gains this Friday (12/6) and reaffirming that breakout from the descending wedge pattern. Like I said previously, the market is too impatient.

➡️There are already signs of a budding recovery in China's property market.

➡️Both manufacturing and services PMI show expansion in November.

➡️Valuations are back to extreme lows when compared with US counterparts.

➡️I think we just need to see the US dollar give up some of its recent gains to get a new rally going.

$KraneShares CSI China Internet ETF(KWEB)$ $BABA-W(09988)$ $JD-SW(09618)$ $MEITUAN-W(03690)$ $TENCENT(00700)$ $BIDU-SW(09888)$ $BILIBILI-W(09626)$ $KINGSOFT CLOUD(03896)$ $NIO-SW(09866)$ $LI AUTO-W(02015)$ $XPENG-W(09868)$ $TME-SW(01698)$ $WB-SW(09898)$

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