Read article here
After reading , it looks promising that HK has a lot of opportunities moving forward. What's important is how fast can these measures be implemented as we continue to witness outflow of talents out of the country.
CONFIDENCE is the key in stock market investing/trading. If people on the ground lack confidence, they will not put their money in the stock market as they are uncertain of many things- jobs, taxes, standard of living, government regulations, etc. People need to feel safe and assured , that's basic.
HSI has dropped more than 50% from its peak and is trading at an attractive level with many good fundamental companies at attractive prices. Those who have done their research will be able to pick up gems at this stage and ride the turbulence through the next few years.
After reading , it looks promising that HK has a lot of opportunities moving forward. What's important is how fast can these measures be implemented as we continue to witness outflow of talents out of the country.
CONFIDENCE is the key in stock market investing/trading. If people on the ground lack confidence, they will not put their money in the stock market as they are uncertain of many things- jobs, taxes, standard of living, government regulations, etc. People need to feel safe and assured , that's basic.
HSI has dropped more than 50% from its peak and is trading at an attractive level with many good fundamental companies at attractive prices. Those who have done their research will be able to pick up gems at this stage and ride the turbulence through the next few years.
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www.globaltimes.cn/p...202210/1277595.shtml
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I am taking a bet that when HK market opens later, it will be positively influenced by the good rally of US market last night. It is likely that at end of day, we could see the price action returning back to the bullish trend line.
Please DYODD
Please DYODD
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congrats to those who longed with me ! 7% returns, praise God
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it has now returned back to the bullish trend line and thus far, the news has been positive for the HK market including Mainland China .
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will be adding more via HK ETF tracker fund
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www.scmp.com/ne...-it-see-results?module=lea...
expecting short term rally for HSI as this is another piece of good news. Though traffic may not returns to 2019 level yet, nevertheless, this would encourage neighbouring Asian countries that have opened its borders to allow both incoming and outgoing tourists to visit one another. Plus, last night CPI data in US was better than expected so the spill over effect may be a catalyst too
expecting short term rally for HSI as this is another piece of good news. Though traffic may not returns to 2019 level yet, nevertheless, this would encourage neighbouring Asian countries that have opened its borders to allow both incoming and outgoing tourists to visit one another. Plus, last night CPI data in US was better than expected so the spill over effect may be a catalyst too
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www.globaltimes.cn/p...202212/1281870.shtml
Another piece of good news for China ! This should be able to sustain the rally!
Another piece of good news for China ! This should be able to sustain the rally!
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Based on yesterday more than 2% drop in SPX, (thanks to Fed's Chairman statement) , we are very likely to see the HSI falls today to 18155 or lower......
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I am buying on pullback to accumulate into the HSI. All the negative news that had happened to HK are now over. 2023 and beyond will be a new chapter as it embrace the China policies into its own and together, it will be a much stronger force economically, politically as well.
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praise God