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Lolagogogo
04-26

Don't believe them! Short! 🤪

Hot Chinese ADRs Jump As Investors Have Been Piling Into

Hong Kong and Chinese stocks continued to rise on Friday, with the Hang Seng Index on track for its strongest week in a year and a half.Investor confidence improved as experts from international inves

Hot Chinese ADRs Jump As Investors Have Been Piling Into

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Morgan Asset Management.</p><p>Equities in Hong Kong have surged this month on the back of strong inflows from mainland Chinese investors, who according to some strategists are investing in the asset class to diversify their currency exposure amid continued depreciation pressure on the yuan. At the same time, foreign funds seem to be rotating money away from expensive global technology stocks to snap up Chinese internet names, which command a higher weighting in Hong Kong gauges.</p><p>Hot Chinese ADRs jumped in morning trading Friday. 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Morgan Asset Management.Equities in Hong Kong have surged this month on the back of strong inflows from mainland Chinese investors, who according to some strategists are investing in the asset class to diversify their currency exposure amid continued depreciation pressure on the yuan. At the same time, foreign funds seem to be rotating money away from expensive global technology stocks to snap up Chinese internet names, which command a higher weighting in Hong Kong gauges.Hot Chinese ADRs jumped in morning trading Friday. 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