Gaamy
2022-03-17

I believe they have bottomed out. It's was ona free fall due to external factors i.e regulatory crackdown, covid, inflation, ukraine war, speculation on sanctions on China etc. they stocks did not have any support level as a result. However, the Chinese government Statement brought back investors confidence that it will do everything in it's power to help its tech companies including the foreign listed ones. 

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Comments

  • tinkie
    2022-03-17
    tinkie
    It was really hot last night. Chinese concept stocks rebounded 39 points, which was too strong.
    • Gaamy: 
      Yeah, almost unbelievable comeback. Hope it lasts
  • JONESTea
    2022-03-17
    JONESTea
    Government regulation: the statement of the Chinese government yesterday has eased this contradiction; Covid: China is the country with the best epidemic control in the world; Inflation: the world is facing this problem; Ukrainian War: after many negotiations, there are signs of a truce. Everything is moving in a good direction.
  • CharlesBaker
    2022-03-17
    CharlesBaker
    Recently, many external adverse factors have been eased, especially the China US talks in Rome, which has enhanced mutual trust. I am optimistic about the future.
  • MichaelPerez
    2022-03-17
    MichaelPerez
    I also think this is the bottom. Market confidence recovers quickly. I feel that money can be made everywhere in the market.
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