Ah_Meng
12-11
I have mid to long term holdings in HK listed Chinese companies, so the rally means perhaps a short term relief. πŸ˜… I continue to use $Direxion Daily FTSE China Bear 3X Shares(YANG)$ as a hedge for those positions. In fact, I bought YANG after the last round of rally selling $Direxion Daily FTSE China Bull 3X Shares(YINN)$[Tongue]. While continuing to hold my Chinese holdings, I also took the opportunity to trim down its fats, so that I have cash on the sidelines to react should market turns against those positions. I continue to be cautious about my Chinese exposure given the second incoming of Donald Trump and tariffs war that accompanied him. Will continue to trim my fats whenever I get a substantial rally…
Come and share your thoughts @LMSunshine @koolgal
US-China Dialogue: Is a Spring Coming for China Stocks?
On the 16th, Trump stated that the US and China working together could solve all the world's problems. He made this remark during a press conference at Mar-a-Lago in Florida. "China and the US can solve all the world's problems together. Think about it, it's important," Trump said. Following the news, both Hong Kong and Chinese stocks saw slight gains. Do you believe in a bullish New Year rally for Chinese stocks?
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