Pelosi's visit will definitely have ripple effects. Probably US would like to see what reaction the Chinese will do except for verbal talks. Drills around Taiwan does not mean anything, its just an showcast of military which everyone knows.
Probably talks of delisting Chinese ADRs will resurface or banning of certain products into China from US. But what concrete actions will the Chinese do, is still for us to see.
Whether $Alibaba(09988)$and $TENCENT(00700)$bottomed or keep dropping, the actions over the next few days will be for all to have a better forecast.
Huat Ah! [Miser]
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Comments
pushing up HK china stocks to demonstrate China is not weak is one good way to showoff to US .... everyone benefits ..