Will China stock shine in the year of Wooden Dragon?
With China and HK stocks tumbled across the year of Rabbit last year, is this going to be another bloodshed in the Year or Wooden Dragon.
In the Chinese zodiac, 2024 is the year of the dragon. For stocks in the world’s second-largest economy, this year could be the year of the bull, as some major global banks are forecasting a resurgence by China and HK equities. Most of the funds have been buying into the Value stocks over the past 2 months.
Among the sectors and industries experts believe will drive the 2024 China bull market are consumer internet, banks, and healthcare. Consumer cyclical, financial services, and healthcare equities combine for over half of the KALL roster.
Hong Kong’s stock market investors can expect a roller-coaster ride full of turbulence and drama as symbolised by the Chinese zodiac of the dragon. Time Will tell and no point to cross fire over some of the critics that emphasize the superstitious part of the Chinese Zodiac.
As the saying goes, " Be Greedy when everyone is fearful and be Fearful and everyone is Greedy." The best strategy is to have some trading stocks for the up and down swing in the volatile market.
All the best in your investment and have a prosperous year ahead.
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I hope that some of you have invested in HK stocks in March or April period. It's bottoming up as there is going to be a switch from US to HK/China market now. Cheers