Positive Signs for Chinese Stocks
I could really care less about a few green days. this price is still lower than where it opened at on its first day on the exchange. Let that sink in. Value trap.
It seems that the stock of Evergrande have a sound performance these days. As for me, it’s useless and meaningless until the debts can be settled down properly.
The great thing is Chinese authorities are strengthen implement to stimulate Chinese economy and support real economy. It’s a positive thing to real estate in China.
Although it’s not advisable to invest in Evergrande, but some high tech stock are worth buying it at the bottom. Such as $Alibaba(BABA)$ $JD.com(JD)$
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- StockPredictor·2023-10-17https://www.scmp.com/business/markets/article/3238117/goldman-icbc-trim-targets-alibaba-jdcom-red-flags-chinas-corporate-earnings-seasonLikeReport